To date, the narrative in the media around border adjustment has couched this issue as pitting company versus company. But what are the heads of these companies actually saying? We decided to listen in on some quarterly earnings calls of major U.S. companies and found many CEOs and CFOs admit the Blueprint’s border adjustability aspect will bring jobs, investment, and production to the United States. Let’s take a look at some notable comments: (Or to click here the full list.)
Tonight, United Technologies CEO Greg Hayes was interviewed on Mad Money about the performance of the company and general economic prospects.
In quarterly earnings calls, CEOs and CFOs admit the Blueprint’s border adjustability aspecy will bring jobs, investment, and production to the United States:
Michelle Caruso Cabrera interviewed Rep. Kevin Brady this afternoon on CNBC’s Power Lunch. The interview was largely focused on tax reform and specifically on border adjustment. Rep. Brady said that health care reform is not slowing down tax reform. He defended the border adjustment and how companies can adjust to the new tax code in response to JC Penney CEO Marvin Ellison's comments in opposition.
Another CEO -- this time, Lululemon's Chip Wilson -- was interviewed on CNBC this afternoon. While he predicts it's possible that prices could rise and consumer spending may drop, he also predicts a stronger American economy and doesn't forsee as dramatic an impact on his industry as other retail CEOs:
Brian Reardon was interviewed by Fox Business's Neil Cavuto this afternoon in a panel discussing the Trump policy agenda. He shifts the discussion to tax cuts and his work to move the Brady plan, the House blueprint through Congress. The conversation turns to health care before Reardon is able to chime in again on tax reform, saying: