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Retailers meet with Trump on Tax Reform, Border Tax

February 24, 2017 --

Retailers meet with Trump to push tax reform, block ‘border adjustment’
J. Craig Shearman
By National Retail Federation

CEOs from some of the nation’s top retail companies met with President Trump at the White House as NRF argued that comprehensive tax reform is needed but said a proposed $1 trillion “border adjustment” tax on imports would drive up prices for consumers and cost America jobs.

It “is going to add a new national sales tax on the price of everything that consumers buy,” NRF President and CEO Matthew Shay said during an interview on CNBC. “I don’t think that’s what the voting population voted for last November. There are other ways to get tax reform done.”

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