WASHINGTON—The National Retail Federation (NRF) today endorsed the U.S. Senate's budget reconciliation bill, citing its potential to strengthen the economy, support American families, and drive long-term business investment.
In a statement, NRF Executive Vice President of Government Relations David French emphasized the retail industry’s stake in the bill’s passage.
“NRF encourages passage of the Senate budget bill that will provide critical tax relief to American families, workers and businesses, and will foster economic stability and long-term growth,” said French.
The bill includes several key tax provisions supported by NRF and the broader business community, such as:
- Preserving the corporate tax rate at 21%
- Restoring immediate expensing for domestic research and development
- Reinstating the EBITDA-based limitation on business net interest deductions
- Promoting infrastructure and construction investment
French described the bill as a “balanced approach” that will “empower consumers, incentivize business investment and promote global competitiveness,” enabling retailers to continue creating jobs and investing in communities nationwide.
NRF has sent a key vote letter supporting both the House and Senate versions of the bill and will continue lobbying lawmakers to pass the legislation.
As debate begins in the Senate, NRF reaffirmed its commitment to championing pro-growth tax policies that benefit American businesses and consumers alike.
