“This bill plays a critical role in getting the economy moving again. It will give consumers more money to pay for basic necessities like food, which in turn is good for businesses and results in additional workers hired by businesses.
It is also necessary to ease the burden of the estate tax on family-owned companies and allow for enhanced depreciation of investments to help businesses get back on the road to recovery.
We commend President Obama for signing this important legislation to provide tax relief for American consumers and businesses.”
Food Marketing Institute proudly advocates on behalf of the food retail industry. FMI’s U.S. members operate nearly 40,000 retail food stores and 25,000 pharmacies, representing a combined annual sales volume of almost $770 billion. Through programs in public affairs, food safety, research, education and industry relations, FMI offers resources and provides valuable benefits to more than 1,225 food retail and wholesale member companies in the United States and around the world. FMI membership covers the spectrum of diverse venues where food is sold, including single owner grocery stores, large multi-store supermarket chains and mixed retail stores. For more information, visit www.fmi.org and for information regarding the FMI foundation, visit www.fmifoundation.org.
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