NRF asks House not to consider value added tax
Washington, D.C. The National Retail Federation Tuesday asked the House Ways and Means Committee not to consider a value added tax as a means of funding health-care reform, saying a VAT would have a negative effect on the economy during the national recession.
“In the current economy, enactment of a direct tax on consumer spending would be devastating,” NRF senior VP government relations Steve Pfister said. “Consumer spending represents more than two-thirds of GDP but has plummeted dramatically over the past two years. The current recession will not end until the consumer regains his footing. Placing an additional tax on consumer spending would further depress spending, and lengthen and deepen the current recession.”
Pfister said a VAT “is a highly regressive tax, hitting lower and middle income taxpayers much harder than wealthier individuals,” and would also “greatly hurt” the 45 states that rely on sales tax as a major source of revenue.
“The enactment of a federal consumption tax would greatly crowd out the ability of the states to raise their own sales taxes at a time when they are desperately in need of revenue,” Pfister said.
NRF has a long record of opposing any form of national consumption tax because of the impact on consumer spending, and Pfister said NRF would oppose a VAT regardless of whether it was used to fund health care or for other purposes.
Video surfaces on Target.com
Trend expert and author Jane Buckingham makes an appearance this week on Target.com, as she shares advice in a brief video positioned as the retailer’s Summer Survival Guide. Buckingham wrote the book the “The Modern Girls Guide to Life” and serves as president of a trend consulting firm. The advice she shares in the video centers on three themes of “color coordination,” “camp next door” and “treat yourself.”
Westinghouse reshuffles jobs, promotes executive
Westinghouse Lighting has named Joe Catrambone as its VP supply chain, a newly created position that will encompass the company’s product management, inventory management, key customer inventory management, purchasing, traffic/logistics, customer direct import and quality control areas in the United States and Asia.
Since mid-2008, Catrambone has focused on unifying supply chain functions while improving internal processes and efficiency, according to Westinghouse. In his new role, he will lead efforts to integrate Westinghouse’s Asian supply chain operations with its corporate supply chain department and quality control.
Catrambone’s most recent title was senior director of sales.