GOP hears pros and cons from businesses about proposed tax
Share Now on:
House Republicans are mulling an overhaul to the tax code, specifically, how businesses are taxed. One possibility? Businesses that import items would see higher taxes on those goods — as much as 20 percent — and exporters would have the money they make off those exports exempt from taxes. Domestic manufacturers favor the plan, but not surprisingly, retailers that import goods aren’t that keen on it. Several retail industry CEOs are up on the Hill this week to weigh in. So let the lobbing begin.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.