Retail Industry
Industry: Email Alert RSS FeedRILA denounces national sales tax
DSN Retailing Today, April 25, 2005
ARLINGTON, VA. -- The Retail industry Leaders Association announced its strong opposition to legislation proposing a national sales tax. "Radical proposals to impose a new, multi-billion dollar sales tax regime ... would threaten the U.S. economy and have far-reaching, negative impacts on American consumers," said RILA president Sandy Kennedy.
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"This legislation would hit low-and moderate-income Americans the hardest, punishing those least able to pay." Legislation has been introduced in Congress that would impose a federal tax of 23% on sales of most merchandise and services.
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