President Bush recently invited the IEC National Executive Committee to attend a meeting of the Tax Relief Coalition (TRC) at the U.S. Chamber of Commerce. The President’s plan calls for tax relief that would create one million new jobs by the end of next year. He’s calling on all small business owners to contact their Congressional representatives and push for the passage of the plan.
The package would benefit contractors because it contains a provision that increases the allowable amount a business can deduct on all or part of the cost of machinery and office equipment from $25,000 to $75,000 for a taxable year.
