Trump Tells Retail Executives Tax Overhaul Plan Coming Soon
- Major retail chain CEOs alarmed by plan to penalize imports
- Executives argue against House Republican border-adjusted plan
Trump: We Will Cut Retail Regulations to Create Jobs
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President Donald Trump told executives at major retail chains that he would swiftly submit a tax overhaul plan to stimulate the economy.
Trump called rewriting the tax code “one of the best opportunities to really impact our economy” during a White House breakfast Wednesday with chief executive officers of companies such as Target Corp., J.C. Penney Co. and Gap Inc., who came to Washington to discuss their opposition to a House Republican plan to tax U.S. businesses’ domestic income and their imports while exempting their exports.