Retailers Urge Congress to Double Down on What's Working

Leading retailers encouraged by House TCJA renewal blueprint

By [ Courtney Titus Brooks ]
Washington, DC
05/12/2025

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 fueled a wave of investment in innovation and workforce development. As Congress has undertaken the important work of renewing this pivotal piece of legislation, retailers are strongly encouraged that House Ways and Means Committee Chairman Smith has kept the corporate tax rate steady at 21% and preserved long-standing business deductions," said RILA’s Courtney Titus Brooks, vice president, tax.

"As full corporate tax rate payers, lowering the corporate rate gave leading retailers the ability to invest in their communities and workers and bolster the U.S. economy. Since its enactment, America’s economy has been the envy of the industrialized world. Doubling down on what has already proven to work is the right strategy, and we’re excited to see the House take the first step that will lead to legislation on the President’s desk."

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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.