CompTIA Urges Congress to Avoid Fiscal Cliff, Address Tax Policy

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Nov 29, 2012, 02:00 ET

WASHINGTON, Nov. 29, 2012 /PRNewswire-USNewswire/ -- CompTIA President and Chief Executive Officer Todd Thibodeaux delivered letters to both the U.S. House Committee on Ways and Means and Senate Committee on Finance urging them to address tax policy concerns during federal budget negotiations.

"We urge Congress to avoid the fiscal cliff and protect small and mid-size IT businesses in particular from the consequences of tax policies that will stifle our ability to grow and prosper. We stand ready to work with the Committee and Members of Congress to restore the health of our economy, while encouraging growth and prosperity for the IT industry," said Thibodeaux.

The letter presented the eight key areas of CompTIA's tax policy agenda, which include both federal tax issues and issues that concern interstate transactions:

Tax Reform and Small Businesses
Research and Experimentation Tax Credit for Small Businesses
Bonus Depreciation
Small Business Expensing
Compliance Simplification
Internet Taxation
Business Activity Taxation
Digital Download Taxation

On November 13, CompTIA released a white paper on the impact the fiscal cliff would have on the IT sector, finding that small and medium-sized (SMB) IT businesses will experience "major trauma" if tax policies, among other issues, are left to expire or otherwise neglected.

About CompTIA
CompTIA is the voice of the world's information technology (IT) industry. Its members are the companies at the forefront of innovation; and the professionals responsible for maximizing the benefits organizations receive from their investments in technology. CompTIA is dedicated to advancing industry growth through its educational programs, market research, networking events, professional certifications, and public policy advocacy. Visit http://www.comptia.org/home.aspx or follow CompTIA at http://www.facebook.com/CompTIA and twitter.com/comptia.

SOURCE CompTIA