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Opioid Commission calls for declaration of emergency for opioid crisis
WASHINGTON — The president’s Commission on Combating Drug Addiction and the Opioid Crisis on Monday issued a draft of its report to the president, in which it lays out potential ways to combat the epidemic of prescription drug abuse and misuse. At the top of the commission’s list is their push to get President Donald Trump to declare a national emergency under the Public Health Service Act or the Stafford Act.
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BAT dropped from tax reform effort
The import tax proposal has officially been removed from the tax reform plan — which is welcome news for retailers across the industry.
On Thursday, congressional and administration leaders announced they would remove the Border Adjustment Tax from consideration, and announced an outline for comprehensive tax reform. The BAT provision would have ended importers’ ability to deduct the cost of merchandise purchased from other countries.