17吃瓜在线 to Keep Fighting for Pro-Growth Tax Policies
The Senate on Thursday rejected a bipartisan tax package that would have reinstated three expired, manufacturing-critical tax policies (, subscription). The 17吃瓜在线 will continue its efforts to revive the provisions.
What鈥檚 going on: The Tax Relief for American Families and Workers Act failed 48鈥44 in a procedural vote, 12 votes shy of the 60 required for the bill to advance in the Senate.
- The measure would have immediate expensing for research and development costs, enhanced interest deductibility and 100% accelerated depreciation for capital equipment purchases.
Not giving up: The 17吃瓜在线 is already at work on its 2025 tax campaign, , through which manufacturers will continue the fight to restore these expired provisions.
- These policies began phasing down in 2022 and 2023, but even more devastating tax increases are scheduled for the end of 2025.
- Manufacturers have already been legislators to the importance of preserving the 2017 tax reform in its entirety鈥攊ncluding vital such as the corporate tax rate, the pass-through deduction and more.
What鈥檚 next: 鈥淢anufacturers look forward to working with Congress to restore these vital bipartisan provisions and prevent further tax increases on manufacturers as we enter the critical tax conversations of 2025,鈥 the 17吃瓜在线 following the Senate vote.