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Target lobbies against tax proposal


Although it’s only one of many tax proposals being floating around, the so-called border adjustment tax has raised a red flag among many retailers.

The CEO of Target Corp., Brian Cornell, recently visited Washington to lobby against the House Republican proposal, according to Fortune, which noted the visit was first reported by Politico.

The National Retail Federation has been outspoken about the impact of the border tax, with CEO Matt Shay saying it could be potentially disastrous," Fortune reported. The NRF expects apparel prices would immediately rise 15% on the first day of such a tax.

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