Today, the NAM and the Broad Tax Extenders Coalition sent a letter to Congress signed by over two thousand companies, non-profits, coalitions and associations, representing millions of individuals, employees, and businesses of all sizes. The letter called on Congress to act immediately to extend the expired and expiring tax provisions known as “tax extenders.”
Over fifty tax provisions relied upon by millions of Americans expired at the end of 2014. For manufacturers, this means that the research and development tax credit, a driver of innovation and contributor to domestic, high-wage jobs, is not currently available. Also expired are the enhanced expensing limits that allow businesses of all sizes to make capital investments in machinery and equipment, crucial to growth in manufacturing. The competitiveness of US manufacturers that have operations overseas is also currently in jeopardy since deferral for active financing income and the look-through rule for controlled foreign corporations expired late last year.
Congress should give job creation and competitiveness a boost by acting immediately on a permanent or multi-year extension of the expired tax provisions, ending this uncertainty and providing much-needed predictability that fuels economic growth.
Join us by telling your members of Congress to support #JobsandGrowth by acting now on tax extenders.
Before joining the NAM, Crooks served as senior manager of government affairs for Financial Executives International, where she advocated on behalf of the association’s membership of senior-level business executives on tax, corporate treasury, pension and benefit issues. Previously, she worked as a legislative assistant to Rep. Michael Castle (R-DE), a senior member of the House Committee on Financial Services. Christina handled financial services issues for the Congressman during consideration of the Dodd-Frank Act, and also worked on small business and judiciary issues. Christina earned a B.A. in Political Science from the University of Delaware and a M.A. in Political Science from American University.
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