Bonus Depreciation Coalition Letter
Comments
Content
Coalition
Urges
Congress
to
Make
Bonus
Depreciation
Permanent
October
15,
2015
Dear
Senator/Representative
In
2008,
a
bipartisan
Congress
tried
to
jumpstart
an
ailing
economy
by
implementing
an
important
pro-‐growth
tax
relief
program
known
as
accelerated
expensing,
or
“bonus
depreciation.”
This
makes
it
easier
for
companies
to
write
off
expenses
more
quickly
than
they
had
previously
been
able
to
–
letting
the
company
account
for
all
or
a
share
depreciation
in
the
first
year
of
a
capital
expenditure,
rather
than
amortizing
it
over
several
years.
Fundamental
tax
reform
that
includes
full
business
expensing
remains
a
top
priority.
But
for
the
here
and
now,
this
program
has
been
a
success.
Congress
has
renewed
it
every
two
years—until
this
year.
We
urge
you
to
support
the
current
legislation,
H.R.
2510
introduced
by
Rep.
Pat
Tiberi
(R-‐Ohio)
and
S
1660
introduced
by
Sen.
Pat
Roberts
(R-‐Kansas),
would
make
permanent
the
extension
of
accelerated
expensing.
This
legislation
is
an
important
pillar
of
a
pro-‐
growth
tax
reform
agenda
that
will
create
jobs
and
incent
greater
investment
in
infrastructure
throughout
our
economy
Bonus
depreciation
encourages
investment.
Accelerated
expensing
gives
businesses
the
certainty
they
need
to
spend
money
on
capital
expenditures
in
an
uncertain
economic
environment.
A
recent
study
out
of
Harvard
and
the
University
of
Chicago
found
that
50
percent
expensing
raises
investment
appreciably;
sometimes
up
to
30
percent
over
a
given
time
period.
This
makes
sense:
where
normal
depreciation
schedules
allow
the
company
to
depreciate
the
value
of
an
investment
over
the
course
of
the
decade,
this
legislation
allows
companies
to
take
that
tax
write
off
more
quickly,
reducing
the
stated
value
of
the
capital
expenditure.
By
guaranteeing
that
companies
can
write
off
the
value
of
an
investment
sooner,
bonus
depreciation
legislation
encourages
companies
to
get
those
investments
done
quicker.
Bonus
depreciation
builds
the
economy
and
creates
jobs.
Capital
investment
contributes
to
economic
growth
both
directly
and
indirectly.
When
companies
spend
money
on
capital
purchases,
they
not
only
benefit
the
recipient
of
the
sale;
they
also
create
jobs,
stimulate
local
economies
and
unleash
the
power
of
the
multiplier
effect.
That
money
goes
not
just
to
contractors
involved
in
the
project,
but
is
also
circulated
throughout
the
local
economy
as
those
contractors
hire
local
workers
and
subcontractors,
who
then
spend
that
money
on
local
goods
and
services,
and
the
cycle
continues.
Bonus
depreciation
moves
toward
fundamental
tax
reform.
“Full
business
expensing”
is
a
cornerstone
of
pro-‐growth
tax
reform.
Bonus
depreciation
moves
the
current
tax
system
more
than
halfway
to
full
business
expensing.
Making
bonus
depreciation
permanent
would
be
a
massive
victory
and
big
step
forward
towards
meaningful
tax
reform
that
will
help
American
businesses
compete
in
the
face
of
an
increasingly
difficult
regulatory
environment
here
at
home,
and
the
incredibly
competitive
global
marketplace.
Growing
our
economy
is
the
only
way
to
create
jobs,
pay
down
the
debt
and
ensure
our
nation’s
long
term
financial
security.
Permanently
extending
the
benefits
of
bonus
depreciation
will
encourage
investment,
build
the
economy
and
create
jobs.
We
hope
you
support
permanent
extension.
At
the
very
least,
it’s
crucial
to
support
S.
1666,
the
2-‐year
extension
of
the
50
percent
expensing
bill
introduced
by
Sens.
Debbie
Stabenow
(D-‐Mich.)
and
Pat
Roberts,
which
will
continue
our
nation's
forward-‐looking
policies
that
encourage
investment
in
new
jobs
and
equipment.
Sincerely,
David
Williams
Brent
Gardner
President
Vice
President
of
Government
Affairs
Taxpayers
Protection
Alliance
Americans
for
Prosperity
Seton
Motley
Matthew
Kandrach
President
Vice
President
Less
Government
60
Plus
Association
Karen
Kerrigan
Iain
Murray
President
&
CEO
Vice
President
Small
Business
Entrepreneurship
Council
Competitive
Enterprise
Institute
Jeff
Mazzella
Brandon
Arnold
President
Executive
Vice
President
Center
for
Individual
Freedom
National
Taxpayers
Union
Andrew
Moylan
Andrew
Langer
Executive
Director
and
Senior
Fellow
President
R
Street
Institute
Institute
for
Liberty
Norm
Singleton
Andresen
Blom
Senior
Vice
President
Executive
Director
Campaign
for
Liberty
Grassroot
Hawaii
Action
Gregory
T.
Angelo
President
Log
Cabin
Republicans
Mario
Lopez
President
Hispanic
Leadership
Fund
George
Landrith
President
Frontiers
of
Freedom
Thomas
Schatz
President
Council
for
Citizens
Against
Government
Waste
Matt
Schlapp
Chairman
American
Conservative
Union
Dan
Schneider
Executive
Director
American
Conservative
Union
Sponsor Documents