PIA Joins Coalition in Support of Depreciation Reform
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Today, June 28th, PIA along with Intel, National
Association for the Self-Employed, the Business Software
Alliance and CompTIA among others held a press conference on
Capitol Hill to announce the launch of the Alliance for Small
Business Investment in Technology.
The Alliance for Small Business Investment in Technology
(ASBIT) is a bipartisan coalition of small business and
information technology (IT) trade associations and companies
that supports federal tax law changes to promote small
business investment in IT products and services. ASBIT's
primary goal is to increase small business expensing
limitations for IT products and services. ASBIT believes that
such changes will improve small business productivity and
strengthen the U.S. economy and the IT
sector. |
PIA has been a strong advocate for depreciation reform and has
supported legislation in Congress for the past six years to reduce
the depreciation schedule for computers and peripheral equipment in
manufacturing from five years to two. With the slowing of the
economy and fewer businesses investing in IT it is time to reform
the antiquated computer depreciation schedule to accurately
represent the technological advances made since the code was
modified in 1986 as well as the pace that businesses must update
their equipment in order to remain competitive. PIA looks forward to
working with the members of the coalition and Members of Congress to
implement these changes.
Contact your
representatives about this issue.
For more information on this issue, contact the Government
Affairs Department at 703/519-8158.
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PIA Senior Vice President, Government Affairs, Ben Cooper
(at podium) answers questions during the June 28 press
conference in the Canon House Office Building in Washington,
D.C., announcing the formation of the Alliance for Small
Business Investment in Technology. Joining Cooper, from left,
are: Robert Hughes, president of the National Association for
the Self-Employed; Rep. Donald Manzullo (R-Ill.), chairman of
the Small Business Committee; and Rep. Nydia Velazquez
(D-N.Y.), also a member of the Small Business Committee.
Unable to attend the press conference was Sen. Christopher
"Kit" Bond (R-Mo.), chairman of the Senate Small Business
Committee. |
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