NRF CEO Shay Says Yes on Health Care, No on Border Tax

The video discusses the challenges of implementing health care reform before tax reform, highlighting the political and budgetary implications. It also examines the potential negative impact of a border adjustment tax on consumers and retailers, emphasizing the risk to employment in the retail sector. The discussion concludes with an analysis of economic confidence and the conditions needed for businesses to invest and grow.

Why is it suggested to complete health care reform before tax reform?

• To gain public support

• Because it is easier to implement

• To avoid political conflicts

• Due to its implications on the budget and political dynamics

What is a major concern regarding the border adjustment tax?

• It will reduce government revenue

• It will benefit only large corporations

• It will increase the cost of imported goods

• It will decrease exports

How might the border adjustment tax affect employment in the retail sector?

• It will stabilize employment

• It could lead to job losses

• It will have no impact

• It will create more jobs

What is the current state of consumer confidence according to the discussion?

• Consumers are hesitant to spend

• Consumers are saving more than ever

• Consumers are in a strong position to spend

• Consumers are facing high debt levels

What needs to happen for businesses to start investing more?

• Increase in consumer debt

• Completion of policy reforms

• Decrease in wages

• Higher interest rates