Retail CEOs Meet With Secretary Mnuchin

CEOs from some of America’s largest and most innovative retail companies headed to Washington for RILA’s semiannual Board of Directors meeting on Tuesday. The group focused on numerous issues facing retail including the need for pro-growth tax reform and protecting debit swipe fee reform.

Leadership from AutoZone, Chico’s, Coca-Cola, Dollar General, Energizer, IKEA, Intel, JCPenney, PetSmart, PVH, Tractor Supply Company, and VF Corporation, met with U.S. Treasury Secretary Steven Mnuchin to discuss economic policies vital to America’s retailers.

Attendees used the opportunity to share concerns with the Secretary over the House-proposed border adjustable tax (BAT). Retailers have spent the last six months educating policy makers on both sides of the aisle about the harmful effects the BAT would have on the industry, most notably raising the cost of everyday goods for consumers.

Following the meeting, RILA Senior Executive Vice President for Public Affairs Brian Dodge said,”There is no industry that wants tax reform more than retail. We are eager to work with Secretary Mnuchin and the entire Trump Administration to pass pro-growth tax reform this year so that American families can keep more of the money they earn and businesses can invest and grow.”

News clips from the meeting:

Earlier this year, RILA also led a delegation of retail CEOs in a meeting with President Trump to discuss the industry’s concerns with a border adjustable tax.

To learn more about RILA’s Board of Directors or the association’s efforts working with the Administration on pro-growth economic policies, contact Jennifer Safavian atjennifer.safavian@rila.org. For more information about RILA’s stance on tax reform, visit here.

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