Issue: Tax and Workforce Development Policy

It is critical that Congress restore and extend three essential pro-growth business tax policies; the deduction for domestic research and development expenses, 100% bonus depreciation and a cap on deducting business interest expenses that is tied to earnings before interest, taxes, depreciation and amortization (EBITDA).

We also support proposals to maintain the Tax Cuts and Jobs Act tax corporate and income tax rates for pass-through entities, and expanded eligible uses for 529 plans to cover costs to obtain and maintain certifications and other credentials (the Freedom to Invest in Tomorrow’s Workforce Act, H.R. 1151).

These provisions are essential to U.S. security firms, including startups, that are leading the way in technical innovation, as well as helping businesses of all sizes expand their workforce and make investments in facilities and equipment that improve safety and security for their employees and patrons.