WASHINGTON – The following statement may be attributed to National Retail Federation Executive Vice President of Government Relations David French regarding the House passage of the FY2025 budget resolution.
“The House passage of the budget resolution is a critical step toward providing continued tax certainty for American families and businesses. Without congressional action, millions of Americans will face a tax hike next year. Today’s vote shows a commitment to preventing that outcome and continuing pro-growth tax policy.
“The reconciliation process will allow Congress to move forward with a simple majority to protect the lower rates, increased standard deduction and small business incentives that have helped fuel economic growth since 2017.
“NRF urges Congress to move swiftly to ensure a stable and competitive tax code that supports continued economic opportunity.”
Last week, the National Retail Federation sent a key vote letter to congressional leaders in strong support of the Senate Budget Committee’s reconciliation package.
About NRF
The National Retail Federation passionately advocates for the people, brands, policies and ideas that help retail succeed. From its headquarters in Washington, D.C., NRF empowers the industry that powers the economy. Retail is the nation’s largest private-sector employer, contributing $5.3 trillion to annual GDP and supporting more than one in four U.S. jobs — 55 million working Americans. For over a century, NRF has been a voice for every retailer and every retail job, educating, inspiring and communicating the powerful impact retail has on local communities and global economies. nrf.com