Saturday, April 13, 2024
Saturday, April 13, 2024
Saturday, April 13, 2024

Trump to meet with retail CEOs who oppose border tax

»

Published

»

Friendly Notice

Your Content, a digital media platform owned by Original Media Group Corporation, is an educational not-for-profit organization headquartered in Pennsylvania. The publication is run by a team of artists and journalists who create and publish content on a range of topics, including news, politics, lifestyle, and entertainment.

Recently, AtNight Media LLC (d/b/a AtNight Media Group) has expressed an interest in acquiring the publication. As part of the acquisition review process, Your Content's operations have been temporarily halted. The audit will involve a thorough evaluation of the publication's financial, legal, and operational aspects. This will ensure that the acquisition is in line with the best interests of all parties involved.

The temporary halt of operations means that Your Content's website and social media accounts will not be updated until further notice. However, the team at Your Content remains committed to delivering high-quality content to its readers and viewers. The publication will resume its operations as soon as the acquisition review is complete.

We apologize for any inconvenience caused and thank you for your understanding.

Sign up with Your Content for the latest updates. Have a story or news tip? Contact our 24/7 newsroom at 833.336.8013 or email us.

WASHINGTON (Reuters) – U.S. President Donald Trump will welcome the chief executive officers of Target Corp (TGT.N), Best Buy Co Inc (BBY.N) and six other major retailers to the White House on Wednesday morning to discuss tax reform and infrastructure.

Best Buy and Target have been fighting a proposal to impose a border tax on imported goods, among sweeping changes presented by the Republican-controlled House of Representatives. Convincing Trump to oppose the measure would probably bring an end to it.

Trump plans to announce his own tax plan in the coming weeks.

The meeting will include Target’s Brian Cornell, Best Buy’s Hubert Joly, Gap Inc’s (GPS.N) Art Peck, Autozone Inc’s (AZO.N) William Rhodes, Walgreens Boots Alliance Inc’s (WBA.O) Stefano Pessina, J.C. Penney Co Inc’s (JCP.N) Marvin Ellison, Jo-Ann Stores’ Jill Soltau and Tractor Supply Co’s (TSCO.O) Gregory Sandfort.

The group will also meet on Wednesday with the heads of the two tax-writing congressional committees, Kevin Brady, chairman of the House Ways and Means Committee, and Senator Orrin Hatch, chairman of the Senate Finance Committee.

- Advertisement -

Brady and House Speaker Paul Ryan are leading the push to overhaul the tax code by cutting the corporate income tax to 20 percent from 35 percent, imposing a 20 percent tax on imports and excluding export revenue from taxable income.

Companies that rely heavily on imports, such as retailers, automakers and refiners, say a border tax would outweigh the benefit of a lower headline corporate tax.

Trump has voiced some concern about the House tax proposal, calling it “too complicated.” But the White House also has said a border tax on goods from Mexico is one option under review to pay for a wall along the nation’s southern border.

The prospect of a big import tax is also pitting some of the largest U.S. companies against one another. A group of major exporters, including Boeing Co (BA.N), General Electric Co (GE.N) and Pfizer Inc (PFE.N), have formed their own coalition to support the import tax.

(Reporting by Ginger Gibson; Editing by Lisa Von Ahn)

Your Content is a publication centered around breaking news, trends, and true crime investigations. Sign up to receive our biggest stories as soon as they’re published.

Ohio High School Principal Resigns Amid Sexual Harassment Investigation

Robert Griffiths, the principal of an Ohio high school, has resigned following allegations of...

Serial Bank Robber Arrested in Metro Atlanta Following Multi-Agency Investigation

Dallas, Georgia, police, in conjunction with other law enforcement agencies, have successfully apprehended a...

Search for Armed Robbery Suspect in Maumelle Dollar General

The Pulaski County Sheriff’s Office is requesting public help in identifying a suspect involved...

Birmingham Police Arrest Man as Investigation into Father’s Disappearance Takes a Dark Turn

BIRMINGHAM, Ala. — The Birmingham Police Department has reported a significant development in a...