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Broad Tax Extenders Coalition Calls For Action by Congress

Concord joins more than 2,000 other companies to sign a letter to members of Congress, urging them to pass legislation extending or making permanent the set of tax incentives known as “tax extenders.”

Tax extenders were last renewed at the end of 2014 — but only through the end of that year.

The letter from the Broad Tax Extenders Coalition reads:

The undersigned organizations, representing millions of individuals, employees, businesses of all sizes, community development organizations and non-profit organizations, urge Congress to act immediately on a seamless, multiyear or permanent extension of the expired and expiring tax provisions, including appropriate enhancements. These tax provisions are critically important to U.S. jobs and the broader economy.

Failure to extend these provisions is a tax increase. It will inject instability and uncertainty into the economy and weaken confidence in the employment marketplace. Acting promptly on this matter will provide important predictability necessary for economic growth.

The expired provisions should be renewed as soon as possible this year. We urge all members of Congress to work together to extend seamlessly on a multiyear basis, and where possible enhance or make permanent, these important tax provisions.

Companies in the Coalition include some of the country’s best-known corporations, including Aetna Inc., Aeropostale, Macy’s, McDonald’s, Starbucks Coffee Company, Red Lobster, Caterpillar Inc., Bank of America, Eli Lilly, GlaxoSmithKline, Cisco Systems, and Intel.

For more coverage of the letter, check these links: