“We think the economy will grow again if we can get sensible tax reform,” Matthew Shay said on Wednesday.
National Retail Federation President Matthew Shay said that tax reform, “would be great for the economy,” and that “the economy will grow again if we can get sensible tax reform,” during an interview on CNBC’s Squawk Box on Wednesday.
CNBC’s Melissa Lee asked Shay whether tax reform would help ease some of the pressure retailers face at the moment.
“We think so. Absolutely we’ve been big supporters of tax reform,” Shay responded.
Shay then explained how the debate around tax reform is really an argument between growth and redistribution of income.
“We are strong proponents of pro-growth policies. We think reducing the corporate rate, addressing the rate for pass-through entities, there are millions and millions of small businesses structured as pass-through,” Shay concluded. “We think it would be great for the economy. We think the economy will grow again if we can get sensible tax reform.”
President Trump is expected to unveil a blueprint for tax reform in Indiana today.
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