Tax overhaul plan is coming soon: Trump to retail CEOs

The tax would be assessed at a 20% on imported goods sold domestically

President Donald Trump told executives at major retail chains that he would swiftly submit a tax overhaul plan to stimulate the economy.

Trump called rewriting the tax code “one of the best opportunities to really impact our economy,” during a White House breakfast Wednesday morning with chief executives of companies including Target Corp, JC Penney Co and Gap Inc, who came to Washington to discuss their opposition to a House GOP plan to tax US businesses’ domestic income and their imports while exempting their exports. The president said he would be releasing a proposal in the “not so distant future.”

The retailers