“We believe in American jobs, especially the resurgence of U.S. manufacturing, but American families should not bear the burden and existing jobs should be put at risk.”

That’s just one part of a letter the Americans Affordable Products Coalition released to Congress on Tuesday, addressed to Congressional leaders Paul Ryan, Mitch McConnell, Nancy Pelosi and Chuck Schumer.

“We are a coalition of job creators, entrepreneurs, business leaders and small businesses united in support of pro-growth, comprehensive tax reform that protects existing jobs and creates new ones,” the letter stated. “The Border Adjustment Tax, however, seriously jeopardizes the opportunity to update our outdated, complex and anti-competitive tax code.”

The CFDA proudly signed the letter along with many apparel, accessories and retail firms including NIKE, Inc., Steve Madden, Saks Fifth Avenue, QVC, Payless ShoeSource, Abercrombie & Fitch, Aldo, American Eagle Outfitters, Inc., and other American businesses.
“The Border Adjustment Tax is not simple or fair,” the letter stated. “It proposes a massive tax increase on consumers and would result in increased costs on everyday necessities like food, clothing, gasoline and prescription drugs – necessities that Americans rely on daily – by as much as $1,700. It is really a ‘cost of living tax’ that will make the lives of millions of middle-class Americans harder and more expensive.”

Click here to read the full letter.