Leading Retailers Applaud Continued Efforts to Renew TCJA

Keeping the corporate rate at 21% is crucial for U.S. growth

By [ Courtney Titus Brooks ]
Washington, DC
06/16/2025

The Retail Industry Leaders Association (RILA) shared the following statement after the unveiling of legislative text by the Senate aiming to renew key portions of the Tax Cuts and Jobs Act:

"The Tax Cuts and Jobs Act (TCJA) was a transformative policy that sparked significant investment in innovation and job creation. The House has already made significant progress with the decision to maintain the corporate tax rate at 21% and uphold long-standing business deductions," said Courtney Titus Brooks, RILA’s vice president of tax.

"Retailers are encouraged by the Senate’s decision to continue those positions. Being full corporate tax rate payers, the reduction in the corporate rate empowered leading retailers to support their workers, invest in their communities, and helped make the U.S. economy the envy of the world. Building on this proven success is the right approach."

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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.