News Room

FMI Commends U.S. Senate for Passing Tax Cut Legislation

December 15, 2010
ARLINGTON, VA — December 15, 2010 — The Food Marketing Institute (FMI) released the following statement today from President and Chief Executive Officer   Leslie G. Sarasin about the U.S. Senate passing an economic package that would renew tax cuts for individuals and businesses and extend jobless benefits for an additional 13 months:

“The nation’s supermarkets congratulate the U.S. Senate for passing this important legislation to extend critical tax relief to all Americans. Keeping taxes low for small businesses, easing the burden of the estate tax on family-owned companies and allowing for enhanced depreciation of investments for businesses of all sizes are what we need to help our economy grow and create jobs. We encourage the U.S. House of Representatives take up this bill quickly to provide certainty to businesses and help the economy become prosperous once again.”

Food Marketing Institute (FMI) conducts programs in public affairs, food safety, research, education and industry relations on behalf of its nearly 1,250 food retail and wholesale member companies in the United States and around the world. FMI’s U.S. members operate more than 25,000 retail food stores and almost 22,000 pharmacies with a combined annual sales volume of nearly $650 billion.  FMI’s retail membership is composed of large multi-store chains, regional firms and independent operators. Its international membership includes 126 companies from more than 65 countries. FMI’s nearly 330 associate members include the supplier partners of its retail and wholesale members. 

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