Last week, over two days, 28 members of RILA's Tax Committee met with tax staff in 33 Senate Republican offices to discuss tax reform and urge opposition to the border adjustable tax (BAT) proposed in the House. The Tax Executives were divided into four teams, each led by a member of RILA's Government Affairs team. Each team participated in eight or nine meetings. "It was good having the participation of so many members of RILA's Tax Committee in our two days of Hill visits on the BAT/Tax Reform. I think we are having an impact on the debate and I commend RILA for organizing these meetings" said Becky Slayman, Corporate Tax Director for Big Lots and Chairman of RILA's Tax Committee.
Our message, which was overwhelmingly well received in our meetings, was that we strongly urge Senators to oppose the BAT, which would force consumers to pay as much as 20 percent more for household essentials, as well as put retail jobs and companies at risk. In addition, we continued to emphasize that the retail sector currently pays among the highest effective tax rates of all industries and that we continue to support tax reform that significantly reduces the corporate tax rate as well as benefits consumers.
RILA member companies participating in the Hill visits were: 7-Eleven, Abercrombie & Fitch, Advance Auto Parts, Best Buy, Big Lots, Burlington Stores, Costco, DICK's Sporting Goods, Dollar Tree, DSW, Foot Locker, Gap, IKEA, J.C. Penney, Jo-Ann Stores, Lowe's, QVC, Rite Aid, Target, Ulta, and Walmart.
If you have any questions, please contact Dave Koenig, vice president of tax, at email@example.com.