Retailers Urge House: Support Tax Policy That Fueled Economy
- By [ Courtney Titus Brooks ]
- Washington, DC
- 05/20/2025
Washington, D.C. — The Retail Industry Leaders Association (RILA) issued the following statement ahead of a House vote on the budget reconciliation package:
"The Tax Cuts and Jobs Act (TCJA) fueled a wave of investment in innovation and workforce development since 2017. Maintaining the current corporate tax rate and preserving long-standing business deductions is critical for the American economy and positions American business to compete on a global stage," said RILA’s Courtney Titus Brooks, vice president, tax.
"As full corporate tax rate payers, when Congress lowered the corporate rate, it gave retailers the ability to invest in their workers, their businesses and the communities they serve. Since TCJA’s enactment, the U.S. economy has been the envy of the industrialized world. As the House considers the One Big Beautiful Bill Act this week, the nation’s leading retailers hope Congress will provide tax certainty on what has already proven to be successful."
"The Tax Cuts and Jobs Act (TCJA) fueled a wave of investment in innovation and workforce development since 2017. Maintaining the current corporate tax rate and preserving long-standing business deductions is critical for the American economy and positions American business to compete on a global stage," said RILA’s Courtney Titus Brooks, vice president, tax.
"As full corporate tax rate payers, when Congress lowered the corporate rate, it gave retailers the ability to invest in their workers, their businesses and the communities they serve. Since TCJA’s enactment, the U.S. economy has been the envy of the industrialized world. As the House considers the One Big Beautiful Bill Act this week, the nation’s leading retailers hope Congress will provide tax certainty on what has already proven to be successful."
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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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Public Policy
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Tax
