The Republicans' plan to enact a border adjustment tax will leave consumers digging deeper into their pockets, an advisor to a coalition of major retailers told CNBC.
The measure is part of the House GOP's corporate tax plan, and would tax imports and exempt exports.
"It will force consumers to pay as much as 20 percent more for the products they need. Gasoline is estimated to go up as much as 35 cents a gallon," said Americans for Affordable Products advisor Brian Dodge in an interview with Power Lunch.
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