US' NRF supports tax bill, praises SALT deduction exclusion

The National Retail Federation (NRF) has voiced support for new tax legislation introduced by House Ways and Means Committee Chairman Jason Smith, R-Mo, ahead of an upcoming committee vote. NRF executive vice president of government relations David French called the bill a ‘decisive step forward’ in fostering a stable tax environment that will enable retailers to invest confidently in their businesses, workforce, and communities.

The proposed legislation extends key provisions from the Tax Cuts and Jobs Act, including full expensing, immediate research and development expensing, and enhanced interest deductibility—measures seen as vital for promoting innovation and job creation.

French specifically applauded the decision to exclude any changes to the business ‘SALT’ deduction, calling it a significant victory for maintaining a competitive tax structure for US businesses.

“We are grateful to President Trump for his leadership to deliver on his campaign promises to invigorate the US economy. We also commend Chairman Smith for his efforts to advance these priorities, and we urge the committee to move this legislation forward without delay. These provisions provide the certainty retailers need to modernise operations, grow their workforce and deliver unmatched value to American consumers,” French said in an NRF statement.

Earlier this month, NRF brought together more than a dozen retail tax executives in Washington to advocate directly for these policy measures. The federation reaffirmed its commitment to championing policies that support growth, innovation, and economic resilience.

ALCHEMPro News Desk (HU)