The Retail Industry Leaders Association (RILA) issued the following statement in response to the President’s 2014 budget proposal released today.
“While we applaud the President for recognizing the urgent need for revenue neutral corporate tax reform, his proposal falls short of the bold reforms needed.” said Bill Hughes, senior vice president of government affairs. “Comprehensive tax reform, which reduces rates for individuals and pass-through entities as well as corporations, is the best way to stimulate economic growth, ease burdens on consumers and allow businesses to create jobs.”
On Monday, RILA sent a letter to the House Ways and Means Committee outlining its ideas for comprehensive tax reform. A copy of the letter can be found here: http://bit.ly/Y3njFW.
RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.