The Retail Industry is Also Taking a Hit by Trump
Posted by Mary Catherine Dunphy (+958) 3 months ago
The retail industry isn't thrilled that the Trump Administration is "Making America Great Again" at their expense!

"President Trump on Wednesday (02-15-17) met with a group of executives from big-name retailers such as Target and Best Buy, as the industry leaders made the case that they believe a Republican plan for tax reform would be detrimental to their businesses — and to the wider economy." . . .

"Congressional Republicans have included border adjustment in their tax plan as a way to generate more than $1 trillion in revenue for the federal government. It could prove difficult to get them to abandon the provision because it is a linchpin of the entire plan: It raises the dollars needed to offset some of the other tax cuts being proposed." . . . .

“The retail industry is the nation’s largest private sector employer providing and supporting more than 42 million American jobs." . . . .

Read more at:

https://www.washingtonpos...69fa7a34dd
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Posted by Mary Catherine Dunphy (+958) 3 months ago
Here's a list of the retailers who met with the Trump Administration on Wednesday.

http://www.businessinside...tax-2017-2

Meanwhile, Warren Buffett has sold his stock in Wal-Mart. Mr. Buffett, apparently, sees the handwriting on the wall!

Read more at:

http://money.usnews.com/i...-stock-wmt
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