Home » News + Features » Economy » IA presses congress for tax policy designed to ‘support innovation’
The Irrigation Association, Fairfax, Virginia, signed on to a letter addressed to Congressional leaders advocating for the extension of three tax policies.
The association was joined by more than 1,000 other businesses representing a diverse group of industries across the country.
The letter specifically urges Congress to take immediate action to extend three tax policies: immediate research and development expensing, a pro-growth interest deductibility, and standard and full expensing.
“Although legislation has been introduced in both chambers in support of these policies, Congress must act immediately to extend these competitive tax policies. Failing to do so will put hundreds of thousands of family-supporting jobs, cutting-edge innovation and pro-growth investments in America at risk,” the letter reads.
The three tax policies the letter specifically advocates for are as follows:
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