WASHINGTON — Retailers applauded congressional Republicans’ move to give up their pursuit of the border adjustment tax (BAT). Prior to GOP leaders’ announcement of the decision on July 27, retailers that receive many of the goods they sell from overseas had expressed concerns about the BAT, claiming that it would pass hefty costs on to
WASHINGTON — Target Corp. chairman and chief executive officer Brian Cornell spoke for much of the retail industry when he testified before the House Ways and Means Committee last month that the proposed Border Adjustment Tax would raise prices for American consumers. Under the border tax, “American families — your constituents — would pay more
ARLINGTON, Va. — The National Association of Chain Drug Stores has joined with more than 200 members of the Americans for Affordable Products coalition to lay out a case to Congress against the Border Adjustment Tax. The BAT is included in the House Republican leadership’s “Better Way” plan for tax reform. In a letter to
