Industry Groups Praise Congressional Passage of GOP Tax Overhaul Legislation
Industry groups hailed congressional passage of the GOP’s tax overhaul legislation Wednesday. Enacting the tax overhaul “is a major victory for retailers who currently pay the highest tax rate of any business sector, and for the millions of consumers they…
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serve every single day,” said National Retail Federation CEO Matthew Shay. The “historic” legislation also “will put more money in the pockets of consumers -- the best Christmas gift middle-class Americans could ask,” he said. “The 1980s were a great decade, but we are overdue for bringing our tax policy into the 21st Century,” said Information Technology Industry Council CEO Dean Garfield. “Updating the 30-year-old U.S. tax code was an essential step toward a more competitive and rational system for the U.S.”