Congressman Schweikert Joins ALIGN Act, Gives Businesses Certainty For Investigating In Innovation

Statement

Yesterday, Congressman David Schweikert (AZ-06) helped introduce the ALIGN Act with Rep. Jodey Arrington (TX-19), Rep. Drew Ferguson (GA-3), Rep. Jason Smith (MO-3), Rep. Guy Reschenthaler (PA-14), Rep. Tom Rice (SC-7), and Rep. Brad Wenstrup (OH-2).

"As we drafted the Tax Cuts and Jobs Act, I was a strong supporter of full expensing, a pro-growth policy that gives business owners certainty around planning investments for the future. I am pleased to support this legislation to make full expensing permanent, which will not only provide businesses certainty and help them create jobs, but it will promote growth during a period of economic recovery."

Background:

This legislation would make full expensing for businesses permanent in the United States tax code. Under current law, businesses will be required to begin phasing out full expensing benefits at the end of 2022.

Groups supportive of this legislation:

American Fuel & Petrochemical Manufacturers
American Petroleum Institute
Americans for Tax Reform
Associated Equipment Distributors
Club for Growth
Freedom Works
Heritage Action
National Association of Manufacturers
National Taxpayers Union
National Federation of Independent Business

Source