RILA Congratulates Treasury Sec. Bessent's Confirmation
Retailers Urge Policymakers to Keep TCJA Job Boom Alive
- By [ Blake Harden , Courtney Titus Brooks ]
- Washington, DC
- 01/27/2025
The Retail Industry Leaders Association (RILA) issued the following statement after the Senate confirmed Scott Bessent to serve as Secretary of the Treasury.
“Congratulations to Scott Bessent on his confirmation to be Secretary of the Treasury. American families are eager to see him get to work answering the call to grow the U.S. economy and end inflation.
“The first Trump administration’s Tax Cuts and Jobs Act made America competitive again and created a dynamic economy that incentivized retailers to invest in their communities, create jobs, and compete on a more level playing field by lowering the corporate to 21%. Retailers urge Mr. Bessent to work toward keeping these rates permanent and to champion trade policies within the administration that protect our national interests and improve the affordability of household goods for American families. Through strategic, targeted actions, U.S. trade policy can advance American competitiveness, protect national security interests, and protect family budgets.
“The retail industry stands ready to work together with Congress and the Trump administration to advance economic policies that promote growth, security and make life more affordable for American families.”
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.
Tags
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Public Policy
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Tax
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Supporting Free Markets and Fostering Innovation
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International Trade