• The Food Marketing Institute (FMI) and the National Grocers Association (NGA) yesterday applauded the US House Energy & Commerce Committee’s approval of the Common Sense Nutrition Disclosure Act (H.R. 2017), which they said would create "needed flexibility into FDA’s final menu labeling rule, which was expanded to regulate grocery stores without making accommodations for the variety of formats, food offerings or other local initiatives in a grocery store setting."
A companion bill has been introduced in the US Senate.
The FDA regulations are currently set to go into effect on May 7, 2018.
• The Washington Post reports that Rep. Paul Ryan (R-Wisconsin), the Speaker of the House of Representatives, has agreed to "jettison" any demand for a border adjustment tax that he wanted to include with any tax overhaul plan considered by the Congress later this year.
Ryan, part of a group of Republican lawmakers that pushed for a tax on items imported into the US, reportedly has conceded that "there are many unknowns associated with it," and agreed to move forward of tax reform without it.
The Post writes that "Ryan had defended the proposed border tax for more than a year, but he acknowledged it had divided his party. He has long said his top priority was passing an overhaul of the tax code, and discarding the import tax is expected to make it easier for GOP leaders and the White House to move closer towards a deal ... Several business groups cheered the joint statement Thursday, saying it shows unity between the White House and GOP leaders going forward."
A companion bill has been introduced in the US Senate.
The FDA regulations are currently set to go into effect on May 7, 2018.
• The Washington Post reports that Rep. Paul Ryan (R-Wisconsin), the Speaker of the House of Representatives, has agreed to "jettison" any demand for a border adjustment tax that he wanted to include with any tax overhaul plan considered by the Congress later this year.
Ryan, part of a group of Republican lawmakers that pushed for a tax on items imported into the US, reportedly has conceded that "there are many unknowns associated with it," and agreed to move forward of tax reform without it.
The Post writes that "Ryan had defended the proposed border tax for more than a year, but he acknowledged it had divided his party. He has long said his top priority was passing an overhaul of the tax code, and discarding the import tax is expected to make it easier for GOP leaders and the White House to move closer towards a deal ... Several business groups cheered the joint statement Thursday, saying it shows unity between the White House and GOP leaders going forward."
- KC's View:
