November 16, 2017
CRANE Applauds House for Passing Tax Reform Bill That Preserves Accelerated Depreciation, Provides Expensing of Capital Costs
Kevin Dempsey, Senior Vice President for Public Policy at the American Iron and Steel Institute and spokesman for the CRANE Coalition, issued the following statement about today’s House vote to pass a tax reform bill:
“CRANE applauds the House for voting to preserve accelerated depreciation and to provide for five years of expensing of capital costs to increase domestic investment. We look forward to continued Senate action to move this important legislation forward.”
The Cost Recovery Advances the Nation’s Economy (CRANE) Coalition is made up of American companies and associations focused on preserving accelerated depreciation to provide the capital needed to continue driving America’s economic growth and job creation here at home.