KETR

Import Tax Would Hit Retailers Hard

Mar 29, 2017

Dr. Dale Funderburk
Credit Texas A&M University-Commerce

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.