Capitol Hill
Major phone and cable associations urged House and Senate leaders to extend the bonus depreciation policy which expired at the end of last year. The investment incentive, which allows companies to expense 50 percent of capital equipment in the tax…
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year it’s purchased and placed into service, should be extended at least until year end, said USTelecom, CTIA, NCTA, TIA and nine other industry associations in a letter last week. The industry groups worry that allowing the incentive to die “will result in reduced future investment at the wrong time -- just as our economy slowly recovers and while unemployment rates remain high,” they said.