Reps Blum and Aguilar Support Renewal of Tax Extenders
In a duo of Dear Colleague letters published today, Representatives Rod Blum (R-IA) and Pete Aguilar (D-CA) have implored both their colleagues in the House of Representatives and their leadership to address the expired and expiring tax provisions in the overall tax extender group – including WOTC. In their letters, the congressmen take note that last year’s Tax Increase Prevention Act of 2014 only provided temporary renewals of these important programs for the 2014 tax year, and that employers and individuals require certainty in their tax and business planning strategies.
The expiration of these extenders is causing uncertainty and apprehension among businesses, investors, and individuals looking for assurance for the 2015 tax year and beyond. This unpredictable tax climate limits capital investments and prevents the creation of new jobs at a time when encouraging both is vitally important. Our recovery from the latest recession is fragile and Congress can ill afford to not act to address important concerns our tax environment.
If Congress fails to timely address these expiring provisions, it would amount to a disruptive tax increase on businesses, farms, and individuals.
We request the Congress act quickly to provide the predictability and stability necessary for economic growth and capital investment.
We ask you to bring to the floor of the House of Representatives a permanent or multiyear extension for these significant tax provisions as soon as possible.
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