NRF Outlines Retail Policy Priorities: Tax, Trade, Crime, Swipe Fees
The National Retail Federation (NRF) has outlined key policy priorities for retailers, focusing on tax provisions, trade strategies, swipe fees, and organized retail crime. They commend the social security administration's thorough review of trade policies before implementing tariffs.
The NRF endorses President Trump's initial actions to scrutinize current trade policies, including those involving China, Mexico, Canada, and the European Union. They aim to collaborate with the new administration and Congress to foster American competitiveness and job creation.
Retailers prioritize addressing elevated levels of theft and violence, with 28 states enacting laws targeting organized retail crime (ORC). The NRF looks to reintroduce and advance the Combating Organized Retail Crime Act. A study by the NRF warns that proposed tariffs could lead to price increases for various consumer goods, potentially costing American consumers between $46 billion and $78 billion annually.
The NRF supports the Credit Card Competition Act (CCCA), which could save businesses $16 billion each year in etrade fees, benefiting both retailers and consumers. They also advocate for preserving the competitive 21% corporate tax rate, opposing proposals to raise it.
The NRF's policy priorities for retailers include extending tax provisions, reviewing trade strategies, combating organized retail crime, and addressing etrade fees. They commend the administration's cautious approach to tariffs and look forward to working with Congress to advance these initiatives using trading view.
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