Target CEO Says Border Tax Could Hurt American Families

The video discusses the implications of the new border adjustability tax on American families and businesses, particularly focusing on Target. It highlights concerns about increased prices for essential goods due to import taxes and the challenges of shifting manufacturing back to the US. The discussion also covers the potential rise in corporate tax rates under the new plan and the need for tax simplification.

Why is the border adjustability tax a significant concern for Target?

• It will lead to higher prices for essential items.

• It will reduce the number of shoppers.

• It will increase the number of employees.

• It will decrease the number of stores.

Which category of goods is most affected by the border adjustability tax according to the transcript?

• Furniture

• Apparel

• Groceries

• Automobiles

What is one of the challenges mentioned in bringing manufacturing back to the US?

• Insufficient demand for products

• Uncertainty in currency appreciation and GDP growth

• High transportation costs

• Lack of skilled labor

What would happen to Target's corporate tax rate under the new border adjustment tax plan?

• It would decrease to 20%.

• It would be eliminated completely.

• It would remain the same at 35%.

• It would increase to 75%.

What is the desired change in tax policy mentioned in the transcript?

• Increase in corporate tax rate

• Greater tax simplification and reduction in effective tax rate

• Introduction of new import duties

• Elimination of all taxes