WASHINGTON – The National Retail Federation today voiced strong support for the Senate Amendment to H.R.1, the One Big Beautiful Bill Act, calling it a pro-growth, pro-consumer package that will boost take-home pay, fuel economic expansion and support retail businesses and the communities they serve.
“The retail industry is the nation’s largest private-sector employer, and H.R.1 is a powerful blueprint for sustainable job creation,” said NRF President and CEO Matthew Shay. “This legislation delivers meaningful tax relief to working families, ensures the permanence of pro-growth tax policies, and preserves the low corporate and small business tax rates that have helped drive record investment and hiring. We urge Congress to move quickly to send this bill to the president’s desk.”
Retailers welcome several key provisions in the bill, including:
Permanent middle-class tax relief that will increase consumer spending and strengthen household budgets;
Protection of the 21% corporate tax rate and continued support for small business tax relief, which ensure U.S. businesses remain globally competitive and reinvest in growth;
Immediate and permanent full expensing that encourages investments in logistics, technology and storefront modernization;
No tax on tips and overtime, providing a critical benefit for millions of front-line workers and enhancing workforce retention;
A fiscally responsible approach to federal spending that safeguards essential safety net programs while reducing waste and fraud.
“Retailers are deeply connected to their communities and customers,” Shay said. “This bill protects the conditions that allow retailers to grow, hire and deliver value to American families. Lower rates, smarter investment incentives and a stable tax code are essential to continuing that progress.”
NRF sent a key vote letter in support of the Senate version of the budget reconciliation bill.
NRF urges swift passage of H.R.1 to preserve economic momentum and demonstrate Congress’s commitment to pro-growth policy.
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
