Retailers Applaud Senate for Doubling Down on Tax Policy

By [ Courtney Titus Brooks ]
Washington, DC
07/01/2025

The Retail Industry Leaders Association (RILA) issued the following statement after Senate passage of reconciliation legislation:

"The Tax Cuts and Jobs Act (TCJA) fueled investment in innovation and job creation. The Senate made a crucial step toward extending the proven economic policy by maintaining the corporate tax rate at 21% and upholding many key business deductions," said Courtney Titus Brooks, RILA’s vice president of tax.

"Retailers urge the House to act expeditiously to protect those key tax policies. Retailers are full corporate tax rate payers, and the reduction in the corporate rate empowered leading retailers to support their workers, invest in their communities, and helped make the U.S. economy the envy of the world. Building on this proven success is the right approach."

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RILA is the U.S. 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.