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Arlington, Va. -- A statement by The Retail Industry Leaders Association regarding President Obama’s 2014 budget proposal was issued Wednesday, saying, “While we applaud the President for recognizing the urgent need for revenue neutral corporate tax reform, his proposal falls short of the bold reforms needed.” said Bill Hughes, SVP government affairs.
“Comprehensive tax reform, which reduces rates for individuals and pass-through entities as well as corporations, is the best way to stimulate economic growth, ease burdens on consumers and allow businesses to create jobs,” Hughes added.