Arlington, Va. -- The Retail Industry Leaders Association said Friday that it applauds the final passage of a bipartisan agreement for extending critical individual and business taxes.
“RILA applauds lawmakers in both the House and Senate for acting to provide tax relief for both businesses and consumers,” said RILA executive VP for public affairs Katherine Lugar, in response to House passage of the 2010 Tax Relief Act. “Those who negotiated and supported the final package of tax cuts deserve credit for preventing an enormous tax increase on millions of taxpayers and job creators.”
RILA emphasized that the tax package is good news for retailers heading into the New Year. “With the President’s signature, this package will put money back in the pockets of consumers and end the uncertainty many job providers were facing regarding their tax liabilities in 2011,” said Lugar.