Arlington, VA – The National Association of Chain Drug Stores (NACDS) is commending Congressional leaders and the White House for the decision announced on Thursday to set aside consideration of a border adjustment tax.
NACDS President and CEO Steven C. Anderson, IOM, CAE, said: “From the beginning of this debate, NACDS aligned with Americans for Affordable Products given our strongest of concerns about the border adjustment tax (BAT). We have urged our nation’s leaders to set aside the BAT from a health and wellness perspective; from a total-store perspective; from a consumer perspective; from an employee perspective; and from an employer perspective. From all of these viewpoints, we commend Congressional leaders and the White House for listening to the concerns raised by NACDS, by Americans for Affordable Products, and by many others, and for deciding to not pursue the BAT.”
Throughout the year, NACDS articulated its position on the BAT in outreach to the Senate Finance Committee and to the House Ways and Means Committee, as well as through Congressional meetings conducted by NACDS Board of Directors members.
For its part, NACDS supports the “Made in the U.S.A.” movement, as demonstrated by the success of programs to call attention to qualifying products at the NACDS Total Store Expo trade show and strategic exchange. The 2017 NACDS Total Store Expo will be held August 19-22 in San Diego.