CRANE Coalition: House Report Signals Strong Support for Preserving Accelerated Depreciation As Part of Pro-Growth Tax Reform

www.CRANECOALITION.org
Chad Kolton
571-414-0730

June 24, 2015

WASHINGTON, DC - Kevin Dempsey, Senior Vice President for Public Policy at the American Iron and Steel Institute and spokesman for the CRANE Coalition, issued the following statement about the House Republicans’ Task Force on Tax Reform report:

“Tax reform should center on policies that are best able to promote domestic investment and economic growth in a fiscally responsible way. This report signals strong support for preserving accelerated depreciation and continuing to speed up the pace of capital cost recovery to help meet that challenge.

“House Republicans have clearly recognized that previous proposals to cut accelerated depreciation to pay for other tax reform proposals amounted to a short-term fix that would have reduced incentives to invest in manufacturing here at home and led to burgeoning budget deficits down the road.

“The CRANE coalition looks forward to working with Members of Congress on both sides of the aisle to promote capital investment, job creation and economic growth here at home by preserving accelerated depreciation and continuing to speed up the pace of capital cost recovery.”

Click here for a PDF version of this release.

The CRANE Coalition is made up of American companies and associations focused on preserving accelerated depreciation to provide the capital needed to continue driving America’s economic growth and job creation here at home.