Today the Retail Industry Leaders Association (RILA), the trade association for America's largest and most innovative retail brands, issued a statement praising the Senate's passage of the "Tax Cuts and Jobs Act":
"The retail industry is thrilled to see tax reform that cuts rates for businesses and consumers yet another step closer to becoming reality. We thank the Senate for passing this important legislation that gives America's retailers the opportunity to invest in their businesses and their workforces while putting money back into American families' wallets. With the holiday season in full swing, retailers and consumers are eagerly awaiting the gift of tax reform. We look forward to seeing the House and Senate resolve the differences between their two bills so that the President can sign much needed reform into law this month," said Jennifer Safavian, executive vice president of government affairs
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.