Retail Executives Meet With Trump
Retail executives from the Retail Industry Leaders Association talked at the White House with President Donald Trump on Feb. 15 about the border adjustment proposal, according to an industry official. The meeting was “positive,” and Trump showed a willingness to work with the private sector on the issue in the future, the official said. Trump said during the meeting (here) his administration is planning a "massive tax plan" that "will be submitted in the not-too-distant future." During the meeting, RILA "stressed the importance of taking a thoughtful approach to tax reform for both individuals and corporations," the group said (here).
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On Feb. 16, yet another Senate Republican, John Boozman of Arkansas, voiced his concern about the border adjustment framework, noting that several major U.S. retailers could get hurt from raised import taxes because many of the goods they sell “simply aren’t made in the United States.” While Boozman said he hasn’t discussed his concerns with Senate Finance Committee Chairman Orrin Hatch, R-Utah, who is also uneasy about the plan (see 1702010049), Boozman said he has spoken “amongst members” about the uncertainty of the situation. Sen. David Perdue, R-Ga., has also publicly expressed opposition to border adjustability (see 1702130022).