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The National Retail Federation today urged Congress to focus on updating the existing federal income tax system through comprehensive reform rather than moving toward a consumption tax.
| Consumer Trends, Holidays & Seasonal
With more consumers buying for graduates this year – 36 percent compared with 34 percent in 2016 – total spending is expected to reach $5.6 billion. That’s the highest number in the survey’s 11-year history, topping last year’s previous record of $5.4 billion.
NRF has launched a radio ad campaign calling on the House to reject efforts to repeal debit card swipe fee reform that has saved retailers and their customers more than $40 billion.
| Economy, Retail Sales
Retail sales in April increased 0.3 percent seasonally adjusted over March and 3.0 percent unadjusted year-over-year, according to calculations released today by the National Retail Federation. The numbers exclude automobiles, gasoline stations and restaurants.
| Economy, Supply Chain, Trade, Port Tracker
Imports at the nation's major retail container ports should see steady increases through the summer and into the fall, according to the Global Port Tracker report from NRF and Hackett Associates.
| Economy, Workforce
Retail industry employment increased by 2,500 jobs in April from March, the National Retail Federation said. The numbers exclude automobile dealers, gasoline stations and restaurants. The overall economy gained 211,000 jobs in April, the Labor Department said.
The National Retail Federation today applauded the House for passing the American Health Care Act, legislation that would repeal the Affordable Care Act.
The National Retail Federation today called on the House to repeal the Affordable Care Act, saying lawmakers should take advantage of a “real opportunity” rather than continue to debate details of the bill and risk failing to obtain sufficient votes a second time.
Retailers say repeal of swipe fee reform would 'undermine transparency and competition' and harm consumers
NRF called on the House Financial Services Committee to reject efforts to repeal debit card swipe fee reform as it considers approval of the Financial Choice Act.
| Economy, Small Business
NRF welcomed renewed efforts in Congress to require online sellers to collect sales tax the same as local stores, noting mounting pressure from states for Washington to act.