This week RILA’s members stepped up to the plate and took a swing at BAT. As part our on-going efforts to educate lawmakers about the top issues facing the retail industry, RILA organized a House and Senate fly-in with James Myers, Chairman & CEO, Petco Holdings, Inc., Chuck Rubin, Chairman & CEO, The Michael's Companies, Inc., Todd Vasos, CEO, Dollar General Corp. and Lars Petersson, President, US, IKEA.
Led by our Executive Vice President Jennifer Safavian, the group headed to the Hill to talk with lawmakers about the detrimental impact a border adjustable tax will have on America’s retailers and consumers. The group met with members of the House and Senate including Senate Majority Whip John Cornyn (R-Texas) and Senator Cory Gardner (R-Colorado).
“Comprehensive tax reform benefits retailers and consumers alike, but including a harmful border-adjustable tax is no way to achieve it,” RILA’s Christin Fernandez told Bloomberg News. “Our focus is on educating lawmakers and the public on the negative consequences of BAT, which is our top priority. This is a bad proposal that will hurt American consumers.”
On the heels of our meeting with President Trump, RILA continues to lead the way in working with lawmakers to share our story about the top issues facing the retail industry.