WASHINGTON — The National Retail Federation (NRF) this weekend announced its full support for the Senate Amendment to H.R.1, the One Big Beautiful Bill Act, praising the legislation as a significant step forward for economic growth, job creation, and consumer confidence.
Calling the measure “a powerful blueprint for sustainable job creation,” NRF President and CEO Matthew Shay said the bill provides critical relief for working families and small businesses while reinforcing the conditions needed for long-term investment and hiring in the retail sector—the nation’s largest private employer.
“The retail industry is the nation’s largest private-sector employer, and H.R.1 is a powerful blueprint for sustainable job creation,” said 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 highlighted several key provisions in the bill, including:
- Permanent middle-class tax relief, expected to boost consumer spending and strengthen household budgets;
- Retention of the 21% corporate tax rate and continued support for small business tax relief, helping U.S. companies stay globally competitive;
- Permanent full expensing, enabling retailers to invest in logistics, technology, and store upgrades;
- Elimination of taxes on tips and overtime, delivering direct benefits to frontline workers and helping retain retail talent;
- A fiscally responsible approach to federal spending that protects safety net programs while cracking down on 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.”
The NRF has issued a key vote letter in support of the Senate amendment and urged swift congressional action to pass H.R. 1 and preserve economic momentum.
