Capping Business SALT Would Undermine TCJA Gains
TCJA boosted the economy and empowered retailers to invest
- Washington, DC
- 05/10/2025
Washington, D.C. — The Retail Industry Leaders Association (RILA) issued the following statement after the publication of legislative text to renew the Tax Cuts and Jobs Act:
"The Tax Cuts and Jobs Act (TCJA) was an economic game changer that put America ahead of its rivals and fueled a wave of business investment in innovation and workforce development. Retailers helped their communities grow by building new stores and distribution centers, and boosting benefits for tens of millions of workers," said Courtney Titus Brooks, RILA vice president, tax.
"Reports that Congress is considering imposing a cap on the State and Local Tax (SALT) deduction threatens the success of TJCA. Business SALT is an important tax tool used by companies of all sizes across the country, and capping it is a backdoor corporate rate increase that would reduce the ability of retailers to invest in their workers, operations, and communities."
"As Congress undertakes the important work of drafting this important tax legislation, it is imperative that a cap on the business SALT deduction not be included. TCJA is working and has made our economy the envy of the world—it ain’t broke, Congress need not ‘fix’ it."
"The Tax Cuts and Jobs Act (TCJA) was an economic game changer that put America ahead of its rivals and fueled a wave of business investment in innovation and workforce development. Retailers helped their communities grow by building new stores and distribution centers, and boosting benefits for tens of millions of workers," said Courtney Titus Brooks, RILA vice president, tax.
"Reports that Congress is considering imposing a cap on the State and Local Tax (SALT) deduction threatens the success of TJCA. Business SALT is an important tax tool used by companies of all sizes across the country, and capping it is a backdoor corporate rate increase that would reduce the ability of retailers to invest in their workers, operations, and communities."
"As Congress undertakes the important work of drafting this important tax legislation, it is imperative that a cap on the business SALT deduction not be included. TCJA is working and has made our economy the envy of the world—it ain’t broke, Congress need not ‘fix’ it."
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Media Contact: Ginger Gibson
202-539-1585
RILA is the U.S. 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 $2.7 trillion in annual sales, millions of American jobs, and hundreds of thousands of stores, manufacturing facilities, and distribution centers domestically and abroad.
202-539-1585
RILA is the U.S. 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 $2.7 trillion in annual sales, millions of American jobs, and hundreds of thousands of stores, manufacturing facilities, and distribution centers domestically and abroad.
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