CenturyLink is one of many U.S companies across a wide array of industries that are urging Congress to extend the bonus depreciation provision of The American Taxpayer Relief Act of 2012, which expired December 31, 2013.
Bonus depreciation provides tax incentives to companies that continue to invest, or expand their investments, in a slow economy. Such investments include infrastructure improvements that create new jobs and lead to increased productivity.
Extending the bonus depreciation provision will provide companies with the certainty they need to make investments that will improve our global competitiveness and help drive our economy forward.
Two industry groups recently sent letters to the leaders of both houses of Congress that push for the renewal of the bonus depreciation provision and highlight how broadband investments can help fuel our economic recovery. You can read the letters from USTelecom and from Broadband for America here and here.
As a nation, we need to continue to grow our economy. CenturyLink urges Congress to extend the bonus depreciation provision and support capital investments in our nation’s broadband infrastructure. We believe such investments will help lift our economy, deliver the benefits of broadband to more communities and bring more Americans online.