Congress passed an economic stimulus bill late Thursday that incl...
Congress passed an economic stimulus bill late Thursday that includes tax provisions favorable to the telecom industry. The bill would allow companies to write off 50 percent of capital investments in 2008. That so- called bonus depreciation provision will…
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be helpful to phone and cable companies. The provision could help increase investment in broadband, telecom officials said. “We commend Congress and the administration for taking this action to help spur investment and broadband deployment,” USTelecom President Walter McCormick said in a written statement Friday.