TechNet welcomes new tax reform bill passed by Congress

TechNet welcomes new tax reform bill passed by Congress

Technology
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Linda Moore President and CEO at TechNet | Official website

TechNet has expressed approval following the passage of the One Big Beautiful Bill Act by Congress. The organization, which represents tech industry leaders, highlighted key aspects of the legislation that align with its goals.

Linda Moore, President and CEO of TechNet, stated: “U.S. tax policy should support innovation, spur economic growth, and strengthen America’s global competitiveness. We are grateful that Congress prioritized key provisions in the reconciliation package to support startups and entrepreneurs, enhance research and development incentives, encourage advanced manufacturing in the United States, and reduce unnecessary and inefficient tax reporting burdens. These improvements will further strengthen our economic leadership and help ensure that America remains at the forefront of global innovation."

TechNet's involvement included sending letters on March 10 and May 8 this year advocating for a pro-growth tax agenda. The organization collaborated with members of Congress during the budget reconciliation process to develop provisions aimed at improving the tax system.

Moore emphasized TechNet's commitment to working with both parties in Congress as well as the administration to continue supporting American innovation.

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