Auto dealers oppose border adjustment tax
Auto dealers from Wisconsin are joining colleagues from across the U.S. in Washington, D.C., to talk with elected leaders about the potential consequences on the industry if border adjustment taxes are enacted. Adding a tax to vehicles or vehicle parts could raise the cost of a new vehicle by thousands of dollars at a time when affordability — the average cost of a new vehicle is $35,000 — is taking on more urgency in the automotive industry. The $2,000 average increase would amount to “$100 a month if you finance the car. It’s a recipe for disaster for the American economy,” said Cody Lusk, president of the American International Automobile Dealers Association.