August 2, 2001

Removing law's "sunset" provisions would benefit 11.3 million restaurant industry employees, allowing them to hold on to hard-earned money

WASHINGTON, DC--Saying that maintaining the recently enacted tax cuts as a permanent fixture would help the 11.3 million restaurant industry employees keep more of their hard-earned money, the National Restaurant Association endorsed legislation by Reps. Kenny Hulshof (R-MO) and Paul Ryan (R-WI) that would immediately repeal the provision to remove the new tax cuts from law at the end of 2010.

"We applaud Reps. Hulshof and Ryan for recognizing that tax relief should not be fleeting but everlasting. As the nation's largest private sector employer, the restaurant industry welcomes permanent tax relief because it would help grow the economy," said Steven C. Anderson, president and chief executive officer of the National Restaurant Association. "The Association strongly supported the president's tax package and urges the House to pass this important bill to keep tax relief a reality after 2010."

Earlier this year, Association members and leaders met personally with President Bush on numerous occasions and championed many of the items in his tax relief package. Among the items included in the final tax package and that were supported by the Association are: the elimination of the estate tax, reduction of marginal tax rates, doubling the existing child-care tax credit and pension reform.

Source: National Restaurant Association