Steve Sadove Says Border Tax Would Be Disaster for Retail

The video discusses the potential impact of the border adjustment tax on the retail industry, highlighting concerns about its effects on profit margins and employment. Bill Simon offers a contrasting view, suggesting that the tax is manageable. The discussion includes specific financial impacts on companies like Best Buy and Levi Strauss, and explores possible tax deductions and alternatives. The political landscape is also considered, with mentions of Speaker Ryan and Treasury Secretary Mnuchin's views on the tax.

What are the potential impacts of the border adjustment tax on the retail industry?

What is the speaker's perspective on the likelihood of retail companies adapting to the changes brought by the border adjustment tax?

What concerns does the speaker express about the assumptions made regarding the border adjustment tax?

What examples does the speaker provide to illustrate the potential financial impact of the border adjustment tax on specific companies?

How does the speaker characterize the current state of the retail industry in relation to the proposed tax changes?

How does the speaker describe the border adjustment tax in relation to retail jobs?

What alternative solutions does the speaker suggest for generating revenue instead of the border adjustment tax?