The retail industry has been vocal as the potential bill package moves forward--though no bill has arrived in Congress yet. Retail groups, including NRF, support user fees as a means to fund the infrastructure investments, while Biden’s plan relied on several funding methods that included raising corporate taxes. The retail industry has pushed back against higher tax rates.
The industry has a lot to gain from national infrastructure investments, particularly at a time when cargo imports have reached an all-time high while supply chain constraints are causing massive backups and shortages accelerated by the COVID-19 pandemic.
Infrastructure is typically a bipartisan issue, and there is optimism across industries that a bill will be approved this year.
“Don’t let partisan differences get in the way of action--pass significant, meaningful infrastructure legislation now,” the Coalition urged lawmakers and the president.