Fix Tax Disparities, Don’t Raise Corporate Tax Rate
- By [ Michael Hanson ]
- Washington, DC
The Retail Industry Leaders Association (RILA) issued the following statement from Senior Executive Vice President, Public Affairs Michael Hanson in response to President Joe Biden’s infrastructure plan and tax proposal:
“Retailers are strong proponents of the need for infrastructure improvements, particularly to the nation’s highways and ports which are overcrowded and underfunded. But how we pay for these investments needs to be carefully considered. Raising the corporate tax rate for all businesses isn’t the answer. Too many companies are currently paying little to no corporate income tax, while others pay full freight. This disparity needs to be addressed—whether its closing loopholes or reinstituting some form of minimum corporate tax—before raising the corporate rate a single point.”
RILA is the US trade association for leading retailers. We convene decision-makers, advocate for the industry, and promote operational excellence and innovation. Our aim is to elevate a dynamic industry by transforming the environment in which retailers operate.
RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs, and more than 100,000 stores, manufacturing facilities, and distribution centers domestically and abroad.
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Transportation and Infrastructure