Infrastructure, 21% Corporate Rate Are Vital Wins for Retail
Modernizing networks, competitive rate top priorities
- By [ Michael Hanson ]
- Washington, DC
- 11/05/2021
“Votes today to make historic investments in infrastructure while simultaneously keeping the corporate tax rate at 21 percent are great news for retailers and the 50 million jobs, they support throughout the economy.
“The infrastructure bill is a much-needed, trillion-dollar boost to modernize our ports, roads, and highways, and as heavy users of our nation’s infrastructure, greatly welcomed by the retail industry. These public investments will create more efficient supply chains and allow retailers to innovate and invest in more effective and sustainable means to deliver goods to families across the country. Washington has been talking about the need to make a massive investment in infrastructure for more than two decades, and we are excited to see this bill head to President Biden’s desk for his signature.
“Retailers appreciate that the Democrats’ spending plan keeps the corporate tax rate at 21 percent. Maintaining the corporate rate at 21 percent means retailers can continue to invest in their people, communities, and innovations to keep the business respondent to the everchanging needs of consumers. This is extraordinarily important as we navigate supply chain disruptions, talent shortages and a global pandemic. As the larger spending plan heads toward passage in the House and on to the Senate for further consideration, leading retailers will continue to advocate for a fair tax code and a 21 percent corporate rate.”
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Retail Industry Leaders Association
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 $1.5 trillion in annual sales, millions of American jobs, and more than 100,000 stores, manufacturing facilities, and distribution centers domestically and abroad.
Tags
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Transportation and Infrastructure
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Public Policy
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Supply Chain
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