Recently, the Retail Industry Leaders Association along with AutoZone, Best Buy, Gap Inc, J.C. Penney Company, Jo-Ann Stores, Target, Tractor Supply, and Walgreens Boots Alliance met with President Trump and Congressional leadership to discuss the vital role retail plays in our nation’s economy.
RILA Executive Vice President Jennifer Safavian, RILA Chairman and AutoZone CEO William Rhodes, Best Buy CEO Hubert Joly, Gap Inc CEO Art Peck, J.C. Penney Company CEO Marvin Ellison, Jo-Ann Stores CEO Jill Soltau, Target CEO Brian Cornell, Tractor Supply CEO Gregory Sandfort and Walgreens Boots Alliance CEO Stefano Pessina began the morning at the White House. President Trump welcomed the group to the West Wing to discuss the pressing issues facing the retail industry.
The economy took center stage in our meeting with President Trump as we discussed the House GOP’s proposal of a border adjustable tax. Over the past months, RILA has led the way in educating Congress and the Administration on the impact this tax will have on America’s retailers.
President Trump acknowledged the fact that retail supports “millions and millions” of jobs and said his Administration remains “very focused” on initiatives that will bring jobs back to America. Cutting regulations to spur economic growth was a topic of focus and on tax reform Trump said he will “lower the rates” very substantially including for “personal and business.”
After the meeting, RILA Chairman Bill Rhodes, CEO of AutoZone issued a statement:
“Today, we had a positive and productive conversation with President Trump about the important role the retail industry plays in our national economy.
“We stressed the importance of taking a thoughtful approach to tax reform for both individuals and corporations.
“The retail industry is the nation’s largest private sector employer providing and supporting more than 42 million American jobs. The President understands we support pro-growth policies that we believe will lead to greater domestic investment.
“We look forward to working with the President and his Administration on the issues of importance for our industry, our employees and American working families, who by and large are our customers.” Bill Rhodes, President, Chairman and CEO, AutoZone
President Trump Tweeted about the meeting as well:
The group then headed to Capitol Hill to meet with Chairman Orrin Hatch, Senate Committee on Finance (R-UT), Chairman Kevin Brady, House Committee on Ways and Means (R-TX), Senator Bob Corker (R-TN) and Majority Leader Mitch McConnell (R-KY).
RILA remains committed to educating lawmakers about the issues facing retail and advocating for sound policies that help us continue to grow the economy, create jobs and provide goods and services for millions of Americans each day.