WASHINGTON – The Information Technology Industry Council (ITI), the global voice for the tech sector representing 60 of the world’s leading technology companies, issued the following statement from President and CEO Dean Garfield today after the U.S. Senate passed the Tax Increase Prevention Act of 2014 (H.R. 5771), legislation to continue pro-growth tax provisions often called ‘tax extenders’ that were due to end in 2014 without congressional action:
“We are happy to say that, in this instance, Congress chose growth over gridlock and we commend Senate Leaders Harry Reid (D-NV) and Mitch McConnell (R-KY) for working together in a bipartisan manner to act quickly and pass the tax extenders bill.
But it’s important to note that this is a temporary patch on a larger problem. We encourage lawmakers to work together in the year ahead to fix a dysfunctional tax code that is holding back our businesses and the American economy. Comprehensive tax reform is an upgrade long-overdue that will provide our companies with the certainty we need in order to properly plan and compete in today's global marketplace.”
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