ARLINGTON, VA - On behalf of the Food Marketing Institute’s (FMI) 1,000 member companies, FMI Chief Public Policy Officer, Jennifer Hatcher, offered the following statement on the Senate’s passage of the Tax Cuts and Jobs Act. Hatcher said:
“FMI is very pleased with the additional improvements in the Senate Tax Cuts and Jobs Act. A fairer, simpler tax code not only benefits grocers and their employees, but also their customers, and we are excited with the progress that has been made. Raising the pass-through deduction to 23 percent and providing for a $10,000 deduction for property taxes – along with the new corporate rate of 20 percent and doubling the standard deduction – will help our member companies and our customers. FMI will continue to work with House and Senate leadership to make sure the legislation that crosses the finish line offers real relief to jumpstart economic growth.”
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