The Minnesota Retailers Association (MnRA) thanks economic development officials and Governor Mark Dayton for taking a measured and thoughtful approach when responding to Amazon’s second headquarters request for proposal.
“Today’s economic development environment is certainly competitive, and it is tempting to focus solely on attracting new jobs,” said Minnesota Retailers Association President Bruce Nustad. “For our state, there is a need for balance between improving the overall environment for existing businesses that invest in our communities and offering incentives to attract new businesses.”
As an organization representing a diverse retail industry, MnRA sees every day how important retailers and the jobs they provide are to each community around the State. Minnesota’s retail community includes over 50,000 retailers impacting more than 788,000 jobs.
Games By James' Glenn McKee & The Border Adjustment Tax
Most small retailers don't have a moment to spare. And neither did Glenn McKee when he got the call about going to Washington, DC to talk with Minnesota's elected officials about the proposed border adjustment tax a month and a half ago.
But McKee, owner of several Games by James and Air Traffic stores, decided to take a few days away from running his business to tell his real life story about how the proposed high import tax would negatively impact his suppliers and ultimately his customers.
McKee's efforts and those of many other retailers produced important results last week when an influential group of legislators announced that the border adjustment tax had been dropped from the federal budget plan.
Following an initial visit to DC in June, McKee made a second trip a week later, and a third just two weeks ago to deliver the message that the border adjustment tax threatens to damage retailers of all sizes with noticeable impacts on communities across Minnesota.
"If you don't think one or two or three or 10 conversations can make a difference, try telling that to Glenn McKee" said Minnesota Retailers Association president Bruce Nustad. "The pressure to pass the border adjustment tax was tremendous, but voices like Glenn's made a made a huge difference in this conversation. We are so grateful to Glenn and others."
"In the beginning I questioned how my voice as a retailer in Minnesota could impact on this conversation", said McKee in reaction to the announcement. "But it turns out delivering the straight story and helping those that are elected to represent us understand this issue had a deep impact. I feel like I made a difference."
Glenn McKee, owner of Games by James and MnRA Board member, along with Devee McNally and Julie McAdam of Madesmart in front of the U.S. Capitol after paying visits to Minnesota's federal elected officials in opposition of the border adjustment tax.
Employees & Employers Oppose Job-Killing, Consumer-Punishing Border Adjustment Tax
Americans for Affordable Products (AAP) – a collection of more than 400 businesses and trade associations seeking to stop the Border Adjustment Tax (BAT) – released the following statement in response to President Donald J. Trump’s tax policy unveiled yesterday:
“Retailers across Minnesota are encouraged by President Trump and his administration’s remarks yesterday on an approach to tax policy that excludes the ill-conceived Border Adjustment Tax. The Border Adjustment Tax concept is a job-killer to retail—one of Minnesota’s largest job-producing industries,” said Bruce Nustad, president of the Minnesota Retailers Association. “We are grateful the president has chosen not to increase the cost of basic necessities like gasoline, groceries, clothing and medicine. That approach would have hurt Minnesota’s consumers, families, and jobs.”
To obtain a full list of the AAP coalition, click here.
Consumers Will Feel The Pain In Rising Costs From The Border Adjustment Tax:
Consumers Will Be Hurt By The Border Adjustment Tax Costing American Families As Much As $1,700. Upon passage, the Border Adjustment Tax or BAT will be slapped on everyday necessities costing American families as much as $1,700. (National Retail Federation, Accessed 1/31/17)
Border Adjustment Tax Threatens Largest National Employment Sector Representing One Quarter Of Americans:
PricewaterhouseCoopers LLP: Retail Is The Nation’s Largest Employment Sector Supporting 42 Million Jobs & Representing Employment For One In Four Americans. “Retail is the largest private-sector employer in the United States, supporting one out of every four jobs. A healthy and vibrant retail industry delivers a powerful impact across our economy … Retailers directly provide 29 million American jobs … The retail industry supports a total of 42 million jobs in retail and a host of other industries – 23.4% of total U.S. employment.” (National Retail Federation, Accessed 1/28/17)
Americans for Affordable Products is a coalition of job creators, entrepreneurs, business leaders and consumers united against higher prices on everyday necessities. To learn more, please visit: www.KeepAmericaAffordable.com.