Nov 29, 2016
Retailers are wary of a GOP plan that could increase taxes on imported goods
The plan is getting pushback from lobbyists for retailers who sell cheap items from abroad.

Wal-Mart employee Clara Martinez stocks the shelves at a store in 2015 in Miami. Big retailers that sell a lot of imported goods are starting to ring alarm bells over a GOP tax plan that relies heavily on import taxes.
Joe Raedle/Getty Images
Tax reform is floating toward the top of the agenda on Capitol Hill. Since Republicans will control both houses of Congress and the White House, they’ll presumably have a better shot at passing sweeping tax reforms for individuals and corporations. One corporate tax proposal House Republicans brought back in June is now getting a lot of pushback from lobbyists for big retailers. It would impose a new tax on imports, like apparel, furniture and appliances that retailers buy very inexpensively abroad and sell pretty cheaply to consumers here in the U.S.