Almost 1,300 organizations this morning joined together in sending a letter to all members of Congress asking them to “extend the extenders” during the lame-duck session.
Effective Jan. 1, 2010, a number of temporary tax provisions that benefited a wide range of individuals and businesses expired. Despite broad-based support for these provisions, Congress has yet to extend these important tax provisions.
The National Association of Manufacturers and other organizations signing the letter say the current lame-duck session gives legislators one last chance to extend these important tax incentives. If Congress fails to act, taxes will increase for a wide range of taxpayers and job creators including manufacturers, teachers, developers, retailers and farmers.
Dorothy Coleman is the NAM’s vice president for tax and domestic economic policy.