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The National Retail Federation (NRF) issued the following statement from NRF Executive Vice President of Government Relations David French after the House voted to in favor of key tax provisions as part of the 2025 reconciliation process. The measure now proceeds to the Senate for final approval.

“NRF commends the House for passing this forward-thinking tax package and President Trump’s ‘One Big Beautiful Bill’ to provide much-needed relief for families and businesses across the nation. This legislation represents a clear commitment to fostering economic growth, stability and opportunity for all Americans.

“For retailers, predictability in the tax code is critical to maintaining competitiveness, investing in employees and delivering value to customers. By restoring key provisions that encourage investment and growth, this measure gives businesses the confidence they need to plan for the future and support their communities.

“We urge the Senate to act swiftly to ensure that these benefits reach American families and businesses as soon as possible.”

Last week, NRF issued a  statement of support for House Ways and Means Committee Chairman Jason Smith’s tax proposal, calling it a “major win for retailers and the American economy.”

Earlier this month, NRF brought together more than a dozen retail tax executives in Washington to advocate before Congress and the administration for the extension of the Tax Cuts and Jobs Act.

As the leading authority and voice for retail, NRF will continue to champion policies that drive economic growth.