N.G.A., FMI Applaud Senate Passage of Tax Bill

The National Grocers Association and Food Marketing Institute both congratulated the Senate on passing an economic package that would renew tax cuts for individuals and businesses and extend jobless benefits for an additional 13 months.

"N.G.A. and its independent retailer and wholesaler members applaud the Senate's overwhelming vote of 81 - 19 to pass H.R 4853,” said Peter J. Larkin, president and CEO of N.G.A. “The estate tax provision is essential to the continued success of family-owned retailers and wholesalers. Additionally, the extension of the 2001 and 2003 tax rates is important to the economic recovery by creating jobs and capital for business growth. We call on the House of Representatives to quickly pass the bill as passed by the Senate."

FMI president and CEO Leslie G. Sarasin agreed: “The nation’s supermarkets congratulate the U.S. Senate for passing this important legislation to extend critical tax relief to all Americans,” she said. “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.”