Broadband deployment could get a boost from the economic stimulus...
Broadband deployment could get a boost from the economic stimulus bills moving through Congress, USTelecom President Walter McCormick told Senate leaders Tuesday, shortly after the House passed its bill (HR-5140) 385-35. McCormick urged the Senate to repeal the telephone…
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excise tax, pass a temporary provision to encourage “repatriation of cash earned by foreign subsidiaries of U.S. companies for use in the U.S. economy,” and approve a 50 percent bonus depreciation. The depreciation provision would increase incentives for businesses to invest in fiber, he said. The cash repatriation provision could drive “significant sums of foreign earnings” back to the United States, which USTelecom members could use for broadband deployment. “We agree that any stimulus package should be immediate, temporary and cost- effective,” McCormick said.