Home / Knowledge / News / Apparel/Garments / NRF praises Obama focus on economy & job creation
NRF praises Obama focus on economy & job creation
13
Feb '13
The National Retail Federation issued the following statement from President and CEO Matthew Shay on President Obama’s State of the Union address:

“We have repeatedly called on Congress and President Obama to make the economy and job creation their top priority, so we are very pleased to see these goals emphasized by the President. There are many issues on the national agenda, but with our economy still struggling to recover, the most pressing need for the millions of Americans who remain out of work is a job.

“As the industry that supports one out of every four U.S. jobs, retail is doing its part to put America back to work, but we cannot do it alone. We need Washington to pass laws that boost job creation and to repeal laws and red tape that stand in the way. That means putting an end to uncertainty on fiscal policy that cripples consumer confidence and long-term business planning, adoption of tax reform that will make U.S. companies more competitive, removal of outdated restraints on trade, and a moratorium on mandates that drive up the cost of adding workers to the payroll.

“Retailers aren’t asking for any special help to create retail jobs. We’re asking for an emphasis on job creation regardless of industry or sector of the economy. Jobs are good for America, and a working America is good for every industry.”

In the past several weeks, NRF has proposed principles for tax reform that would boost the economy and job creation, urged lawmakers to make jobs their top priority, and warned that short-term fixes for the deficit should not be allowed to undermine long-term tax reform that will help create jobs.

As the world’s largest retail trade association and the voice of retail worldwide, NRF represents retailers of all types and sizes, including chain restaurants and industry partners, from the United States and more than 45 countries abroad. Retailers operate more than 3.6 million U.S. establishments that support one in four U.S. jobs – 42 million working Americans. Contributing $2.5 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

National Retail Federation

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search