November 24, 2014

MSCI Joins Letter, Ad Calling For Congress To Extend Expired Tax Provisions

Last week, MSCI, the National Association of Manufacturers (NAM) and more than 500 other groups sent a letter to members of Congress asking for quick action in December to extend the more than 50 personal and business tax provisions, including the research and development tax credit and bonus depreciation, that expired at the end of 2013. The letter argued, “failure to extend these provisions is a tax increase” that “will inject instability and uncertainty into the economy and weaken confidence in the employment marketplace.” The letter concluded, “Acting promptly on this matter in Lame Duck will provide important predictability necessary for economic growth.” 

In addition to the letter, the coalition created a digital ad that will appear in congressional publications. (The full letter to members of Congress can be viewed at the link above as well.) 

To learn more about the importance of the tax extenders package, we encourage you to read this column by National Association of Manufacturers Vice President of Tax and Domestic Economic Policy Dorothy Coleman.