RILA’s Response to Biden-Harris Budget Proposal
- By [ Michael Hanson ]
- Washington, DC
“Presidential budgets are largely aspirational, setting the tone for a national debate and making clear the administration’s priorities. The Biden-Harris administration has hit the mark on some key priorities but is badly off course in other areas. We urge the president and his administration to focus energy and resources on policies that support continued economic growth by bolstering dynamic supply chains, creating a flexible and dynamic workforce, and opening markets with America’s strategic partners.”
“It’s frustrating to see the administration release a tax plan that again seeks to raise the corporate tax rate to 28%. This debate was settled in 2022, with the enactment of a new minimum corporate tax that restored a level of fairness in the tax code to ensure all large profitable corporations were contributing to the nation’s priorities. There continues to be bipartisan opposition for a rate increase, but more importantly, such a plan would reduce economic competitiveness and growth at a time when both are vitally important for the economy.”
“It’s disappointing to see the President double down on archaic labor policies that drive a wedge between employers and employees. Allowing the National Labor Relations Board to create policies that go beyond their statutory authority and have no connection to a modern workforce will face bipartisan opposition on Capitol Hill and from the retail industry. The administration’s current approach ignores current workplace trends and will end up stifling worker rights and destabilize the workplace and the economy.”
On Supply Chains:
“RILA appreciates the President's commitment to building resilient supply chains and promoting U.S. competitiveness. His budget prioritizes engagement with our trading partners to address unfair trade practices, boost supply chain resilience, and deepen economic ties. We are hopeful these dialogues will evolve into new agreements that support U.S. competitiveness by reducing trade barriers, promoting open markets, facilitating the efficient movement of lawful goods and services across our borders, and setting 21st century global trade rules.”
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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