Retailers increase spending on lobbying efforts

Retailers concerned over the pending border-adjusted tax have boosted their lobbying efforts in Washington.



Target Corp., Gap Inc., and Best Buy Co. Inc. spent nearly $3.2 million combined on lobbying during the quarter – as opposed to just $830,000 in the same period a year ago – according to federal lobbying disclosures filed Thursday, Bloomberg reported, while Wal-Mart spent almost $2.2 million in the first quarter, an increase of $140,000 over the same time last year.



Both the National Retail Federation and the Retail Industry Leaders Association have strongly denounced the proposed tax.



“No other issue galvanized the industry like this one,” Brian Dodge, RILA’s senior executive VP of public affairs, said earlier this month, the report said. “Until the sponsors declare it dead, we will continue to fight against it.”



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