The National Retail Federation issued a statement urging the Obama Administration and Congress not to negotiate corporate tax reforms behind closed doors at the 11th hour in their rush to avoid the fiscal cliff.
“The National Retail Federation and our members have long advocated for comprehensive tax reform that includes broadening the base and lowering rates so that American businesses which pay the highest corporate tax rates in the world can compete on a level playing field in the global marketplace.
“While we are pleased that the President has historically supported and recently indicated his willingness to address the issue, this should not be a proposal made in the 11th hour of the fiscal cliff debate or made for political purposes to advance a narrow agenda during this crucial time in our history.
“If Congress and the Administration are serious about reforming our uncompetitive tax system, it’s critically important that the plan is discussed openly and in detail with every stakeholder and should be just one part of a broader approach to reforming the long term fiscal situation of the U.S. economy.
“Any change to the tax code should free businesses large and small to drive economic recovery through job growth and investment.”
