“The sponsors of these bills have been telling their fellow members of Congress for months that this is about saving and creating jobs, and if it wasn't enacted soon more jobs would be lost,” Bernstein said. “That message has been heard, and the work that has been done is going to help tens of thousands of retail workers keep their jobs at a time when jobs are hard to find.”
NRF has led the retail industry's efforts for the five-year carryback, explaining to Congress that many retailers hadn't seen sufficient profits before the current recession for a two-year carryback to be adequate. NRF testified on the issue before the House Small Business committee in September.
National Retail Federation
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