(WASHINGTON, D.C.) – National Restaurant Association Executive Vice President Sean Kennedy today released the following statement on the year-end tax/funding outline reached by Congress and the President:

“The government spending and tax bills include several priorities for the nation’s one million restaurants. The Health Insurance Tax and ‘Cadillac Tax’ were both repealed, and funding was restored for Brand USA, which promotes international travel to the United States. 

“On the tax front, the Work Opportunity Tax Credit (WOTC) was extended for a year. WOTC helps restaurants hire, train and retain employees from target groups that have faced significant barriers to employment. This is good news.

“The Qualified Improvement Property tax glitch fix, however, was not included even though lawmakers, on both sides of the aisle, agree it should be fixed. Until then, businesses, employees, customers and dependent industries will continue to pay the price. Fixing the QIP glitch remains a critical priority for our industry, and our grassroots activists around the country are ready to ramp up this fight until the QIP glitch is fixed.”

Founded in 1919, the National Restaurant Association is the leading business association for the restaurant industry, which comprises more than 1 million restaurant and foodservice outlets and a workforce of 15.6 million employees. Together with the National Restaurant Association Educational Foundation, the Association works to lead America’s restaurant industry into a new era of prosperity, prominence and participation, enhancing the quality of life for all we serve. For more information, visit us at Restaurant.org.