The business lobby is ramping up its efforts to get Congress to pass a string of expired tax breaks before the end of the year.
More than 2,000 companies in all signed a letter to lawmakers, released Thursday, urging quick action on the tax extenders. The Business Roundtable, the National Association of Manufacturers and the U.S. Chamber of Commerce were among the groups who joined the letter.
"Acting promptly on this matter will provide important predictability necessary for economic growth."
More than 50 incentives expired at the end of 2014, less than a month after Congress got around to restoring them for the year. The expired incentives include a tax credit for business research and a provision allowing faster write-offs for investments.
House Ways and Means Chairman Paul RyanPaul RyanIf Democrats want to take back the White House start now GOP grapples with how to handle town halls Leaked ObamaCare bill would defund Planned Parenthood MORE (R-Wis.) has said he's examining the tax breaks as part of an effort to marry a revamp of international tax rules for corporations with a long-term highway bill.