ARLINGTON, VA — December 7, 2010 — The Food Marketing Institute (FMI) released the following statement today from President and Chief Executive Officer   Leslie G. Sarasin on the announcement that President Obama and Congressional leaders have reached agreement on an economic package that would renew tax cuts for families at every income level, extend a number of expiring business provisions, and allow for the full expensing of equipment and investments placed into service during 2011:

“We applaud the bi-partisan agreement reached by the White House and Congressional leaders, which provides a solid framework that will benefit families and small businesses of all income levels, especially during these difficult economic times. The proposed package will also provide certainty to companies facing important operating decisions for the coming year. We urge the U.S. Congress to pass this package quickly to help families and businesses avoid tax increases and help place the economy firmly on the road to recovery.”