The National Association of Wholesaler-Distributors (NAW), representing the 8.2 trillion-dollar wholesale distribution industry and 6 million American workers, strongly supports the release of the bipartisan Tax Relief for American Families and Worker Act of 2024.
Alex Hendrie, Associate Vice President-Government Relations at NAW, issued the following statement:
“This proposed legislation builds on the success of the 2017 Tax Cuts and Jobs Act by allowing businesses to immediately deduct research and development costs made in the U.S. and restoring full business expensing for investments in machinery, vehicles, and equipment. These provisions are crucial for American competitiveness and continued leadership in global markets. Additionally, by providing significant tax relief, it will allow wholesaler-distributors to reinvest in their communities, supporting local economies and strengthening the supply chain.
We commend House Ways & Means Chair Jason Smith (R-MO) and Senate Finance Chair Ron Wyden (D-OR) for their leadership and commitment to finding common ground on this critical issue and urge lawmakers to swiftly take up this legislation and pass it into law.”
The National Association of Wholesaler-Distributors (NAW) is one of America’s leading trade associations, representing the $8.2 trillion wholesale distribution industry. Founded in 1946, NAW comprises national, regional, and state employers of all sizes, industry trade associations, partners, and stakeholders spanning all distribution sectors. Our industry employs more than 6 million workers throughout the United States, accounting for 1/3 of the U.S. GDP. 35,000 wholesale distribution companies operate in nearly 150,000 places of business across North America, including all 50 states.