Retailers applaud Congress and the President
- By [ Austen Jensen ]
- Washington, DC
- 07/03/2025
"Tax reform enacted in 2017 helped fuel the U.S. economy, rewarding businesses that invested in their workforce and communities. Central to that boom was a long-sought, globally competitive corporate tax rate. Leading retailers applaud the House and Senate for maintaining the corporate tax rate at 21% and upholding key business deductions that have been proven to drive investment and job growth. The bill also takes a critical step to phase out de minimis for commercial shipments, which will help level the playing field for retailers," said Austen Jensen, RILA’s executive vice president of government affairs.
“President Trump’s signature locks in this important foundation and gives American retailers — who are full corporate rate payers — needed certainty as they face increasing global competition and fast-changing economic conditions.”
Media Contact: Ginger Gibson press@rila.org
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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 $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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Retail Impact
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Tax