The Retail Industry Leaders Association (RILA) issued the following statement in response to comments made by American Action Forum President and border adjustable tax supporter Doug Holtz-Eakin.
"Pro-growth tax reform is the top priority for retailers and it can and should be accomplished without saddling American families with the higher prices that the border adjustment tax will create. Comprehensive tax reform should ease the pressures on family budgets, not burden them further," said Brian Dodge, senior executive vice president for public affairs.
"We will continue to educate lawmakers about the harmful effects of this ill-conceived proposal and work with its many skeptics to achieve pro-growth tax reform."
American Action Forum President & BAT Supporter Doug Holtz-Eakin:
"Tax reform is a route to better economic growth. It can produce better investment, cement the U.S. as a low tax jurisdiction in the globe. And all of those things can happen with or without the adjustment at the border." (CNBC, 3/3/17)
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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.