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Dear GA 11,

I’d like you to know that I’m joining some of my Republican colleagues on legislation to give businesses the ability to invest in their businesses and focus on future growth.

We realize the difficult environment many businesses find themselves in today is a direct result of the anti-business, inflationary policies being pushed by the current Administration. Among these anti-business policies, President Biden and Democrats in Congress have incentivized millions of Americans to stay home instead of going back to work, and are advancing an anti-American-energy agenda that has negatively impacted almost every sector of the U.S. economy. These policies are why our economy is suffering from the worst inflation in forty years, and why we’re seeing energy costs skyrocket.

The Accelerate Long-term Investment Growth Now (ALIGN) Act will make permanent a provision of the 2017 Tax Cuts and Jobs Act, which allows businesses to immediately deduct the full cost of their investment in new business equipment, rather than having to deduct it over a number of years. Currently, the deduction is scheduled to begin phasing out after 2022, and to fully expire at the end of 2026. The ALIGN Act (H.R. 2558) will make this deduction permanent.

My Republican colleagues and I are determined to return our economy to the historic levels we saw pre-pandemic, and the ALIGN Act is a positive step in that direction.

Please feel free to contact my office if you have any questions or concerns, and be sure to sign up for my weekly email newsletter through my website at www.loudermilk.house.gov.

Sincerely,


Barry Loudermilk
Member of Congress