The Senate must pass the Expiring Provisions Improvement...

The Senate must pass the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act, a group including CTIA, Fiber to the Home Council Americas, ITTA-the Voice of Mid-Size Telecommunications Carriers, NCTA, TechNet, the Telecommunications Industry Association and USTelecom told all U.S senators in a letter sent Tuesday. “The EXPIRE Act will extend the tax provisions that expired at the end of 2013,” which “benefit a wide range of taxpayers,” the letter said (http://bit.ly/R9RiP8). “The lack of timely action to extend these provisions injects instability and uncertainty into the economy and weakens confidence in the employment marketplace.” Don’t wait until the end of the year since companies are making choices now, the letter added. Finance Committee Chairman Ron Wyden, D-Ore., introduced the act and it cleared that committee April 28. It includes a provision on bonus depreciation that several industry stakeholders have sought from Congress in recent months.