The National Retail Federation has urged Congress to reject a proposed border adjustment tax that would drive up the price of imported merchandise, saying the measure would force consumers to pay the cost of lowering taxes for large corporations.
The Food and Drug Administration has extended until Aug. 2 the comment period for its interim final rule on menu labeling in restaurants and other food retail establishments, including grocery and convenience stores.
The National Retail Federation gathered more than 20 retail executives in Washington for a meeting with key administration officials and congressional leaders to try to keep a proposed $1 trillion border adjustment tax out of tax reform legislation.
President Trump’s proposed cuts to the Supplemental Nutrition Assistance Program, better known as food stamps, will may siphon millions of dollars in sales from food retailers and especially discounters.
The National Retail Federation and the Retail Industry Leaders Association are asking the U.S. Supreme Court to let stand the rejection of a settlement that would fail to bring retailers much-needed relief from credit card fees.