Donald Trump Rumors
Phil Jackson still doesn’t want to talk about Carmelo or the Knicks – but he did manage to work in a shot at Donald Trump. Jackson dismissed a group of reporters Thursday with, “There’s no reason to stop,” when approached in front of his MSG office. But he did comment on the “nice” weather and the big event in Washington D.C. “The inauguration is happening,” Jackson said. “Much to everyone’s dismay.”
There are a lot of questions about what will happen when Donald J. Trump is sworn in as the 45th President of the United States on Friday. What is going to happen to the Affordable Care Act and will anything replace it? Is the wall actually happening? What about the Supreme Court? Here’s another important one: Are sneaker prices going to go through the roof?
Here’s why that matters. The current tax plan being proposed by the House GOP calls for border adjustments. In essence, companies currently importing goods into the U.S. can deduct their manufacturing cost before calculating their taxes. Under the proposed plan, importers—including every major footwear firm—would no longer be able to take that deduction, meaning they’d be paying taxes on a significantly larger sum.
The AAFA’s estimates suggest that the rise could be 10 percent on the low end, or as high as 25 percent, depending on the individual company, the individual shoe, and a number of other factors. (See below for our chart on what that looks like for your favorite models.) And some brands, like direct-to-consumer based Greats, said that they’ll be able to keep rises even lower, since they don’t sell through retail stores who also need to make a profit.
A Mexican journalist asked Gregg Popovich if there was anything the league could do to help soothe relations between the countries after Trump takes office next week. Here was Popovich’s response: “Considering our political situation right now, I’m not sure the NBA can say or do much to decide what’s going to happen between Mexico and the United States. The NBA has always stood for equality and justice, whether that’s a racial situation or LGBT concerns. The league has always been at the forefront of that. All of us feel free and obligated to give our opinions when asked and when appropriate. A lot of us have done that already this year, about our election and that sort of thing. We’ll speak our mind, when asked, and when it’s an appropriate setting. I’m not sure the NBA will get involved in the relations between Mexico and the United States. I don’t think Mr. Trump is going to ask.”