House Budget Resolution Provides Path to Tax Legislation

Preserving the corporate tax rate crucial to economic growth

Washington, DC
02/24/2025

The Retail Industry Leaders Association (RILA) issued the following statement:

“The Tax Cuts and Jobs Act helped fuel the American economy and allowed retailers to invest in their communities, create jobs, and compete on a more level playing field by lowering the corporate rate to 21%. The result has been a jobs boom — the envy of the industrialized world.

“The House Budget Resolution is an important step toward bringing businesses the certainty needed to unleash investments in America and grow the economy. This certainty will allow retailers to continue to innovate and invest in their communities.

“RILA supports tax policies that support retail workers, communities and shoppers. The nation’s leading retailers stand ready to work with lawmakers and the administration throughout the budget process to promote a competitive tax code.”

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RILA is the US trade association for leading retailers. We convene decision-makers, advocate for the industry, and promote operational excellence and innovation. Our aim is to elevate a dynamic industry by transforming the environment in which retailers operate.

RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $2.7 trillion in annual sales, millions of American jobs, and hundreds of thousands of stores, manufacturing facilities, and distribution centers domestically and abroad.