Today the Retail Industry Leaders Association (RILA) issued the following statement in response to the release of President Trump's tax priorities.
"We welcome President Trump's outline for tax reform. Retailers pay among the highest effective tax rates of all U.S. businesses and provide jobs to more Americans than any other industry. Reform that substantially lowers the rates that retailers ultimately pay will generate job growth and benefit American families in countless ways. The President's tax reform plan recognizes the importance of a globally competitive tax code that allows American businesses to compete around the world and grow, and for consumers to have more money to save or spend. We will continue to fight back against the harmful border adjustment tax proposed by House Republicans and look forward to working with President Trump to exact pro-growth tax reform this year," said Brian Dodge, senior executive vice president for public 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.