Retailers are wary of a GOP plan that could increase taxes on imported goods
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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.
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