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Import Tax Would Hit Retailers Hard

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Texas A&M University-Commerce
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Dr. Dale Funderburk, Texas A&M-Commerce economics professor and interim dean of the College of Business, says the import tax now being considered in the Trump administration and in Congress would hit retailers like Wal-Mart hard, because so many of their goods are imported.  He says the import tax will likely divide Republicans in Congress between those who think its necessary to offset a loss of revenue if tax reform is enacted, and those who think tax reform, including a major reduction of corporate tax rates, will eventually result in a stronger economy and higher tax revenues.

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