The blueprint would also cut "the corporate tax rate to 20 percent from 35 percent" so the border tax is needed as revenue offset. In a February 17, 2017 interview with "Bloomberg", Brady described the "centerpiece of Ryan’s tax blueprint" the GOP as an "idea to tax imports and exempt exports would make U.S. companies more competitive globally and reduce their current motivations to move abroad." According to the Tax Foundation, the border-adjusted tax would "raise about $1.1 trillion in revenue" by 2027 "which would help to offset the blueprint’s corporate and income tax cuts." As Ryan defended border-adjustment levy at a press conference on February 17, the Koch brothers-funded Americans for Prosperity (AFP), an influential lobby group, unveiled their plan to fight the taxes. In President Trump's cabinet, supporters include Steve Bannon, Senior Counselor while Gary Cohn, the former Goldman Sachs investment banker and executive, Director of the National Economic Council is opposed. Senator Tom Cotton (Arkansas) estimated that the one billion a year that corporations will save in revenue would be paid by working Americans as they purchase T-shirts and baby clothes. Also Treasury Secretary Steve Mnuchin has raised concerns. Some argue that the U.S. corporate tax rate at 35% is the "highest in the industrialized world", while others argue it isn't. The rate varies from sector to sector, and can be as low as 21% in the manufacturing industry. A high tax rate would place the U.S. at a "competitive disadvantage in the global marketplace." and encourages corporations to move to countries with lower taxes. The current tax system also provides a "tax deduction for imported goods", providing another incentive for companies to leave. Companies that import inventory before ultimately selling their product domestically to U.S. consumers can deduct the cost of imports from their taxable income as part of cost of goods sold giving the company a sometimes sizable benefit. As explained in "Forbes," the border-adjustment tax "would move away from a direct income tax, and more toward an indirect "cash flow" tax" where a "corporation would be entitled to immediately deduct the cost of all asset purchases." and the "corporate tax rate would be reduced to 20%. Although this is being compared to a value added tax (VAT), "under a typical VAT...the corporation couldn't deduct its wages." but under the Brady and Ryan blueprint, wages could be deducted so this would be an "indirect VAT."