US corporate tax reform plan for a tariff on imports, but not exports, could boost income for domestic producers, but it might also pump up gasoline prices and raise refiners’ costs. House Republicans have a plan – and President Donald Trump has made a promise – to reform corporate tax in the United States. Economists say it could be a game-changer for oil and gas. Touted as tax reform worthy of the late President Ronald Reagan, the package of talking points, “A Better Way: Our Vision For A Confident America,” is making its way through the halls of Congress now that the new administration is installed. Among the key elements of the proposal is a controversial border adjustment tax (BAT), which would cut the tariff on exports and levy a 20 percent fee on imports, and chop corporate taxes from 35 percent to 20 percent. The U.S. corporate tax […]