• MarketWatch reports that "the chief executive officers of major U.S. retailers plan to travel to Washington, D.C. for a meeting Wednesday to fight a House Republican plan to impose a border adjustability tax ... The heads of eight retail companies including Target Inc., Gap Inc., Best Buy Co., and AutoZone Inc., will meet with Kevin Brady, chairman of the House Ways and Means Committee and Senate members, according to sources familiar with the plan."
It was not known whether the CEOs will get a meeting at the White House.
The story notes that retailers have voiced opposition to the proposal to tax imported goods by 20%, saying it will cut into profits and only increase prices for consumers."
It was not known whether the CEOs will get a meeting at the White House.
The story notes that retailers have voiced opposition to the proposal to tax imported goods by 20%, saying it will cut into profits and only increase prices for consumers."
- KC's View:
