The National Marine Manufacturers Association has joined a group of trade associations and companies to form a new coalition urging policy-makers to continue three decades of bipartisan tax policy.
The Cost Recovery Advances the Nation's Economy coalition — CRANE — has representation from the manufacturing, transportation, energy and communications sectors and is urging legislators to preserve accelerated depreciation within comprehensive tax reform.
CRANE was initially organized by the NMMA, the Alliance for American Manufacturing, the American Fuel & Petrochemical Manufacturers, the American Iron and Steel Institute, the American Petroleum Institute, Atlas Air Worldwide, Comcast and Praxair Inc., according to the NMMA’s Michael Lewan.
With so many new members of Congress, CRANE will launch a campaign to educate lawmakers and staff about the success of accelerated depreciation in promoting domestic investment during the previous 30 years, the NMMA said.
In addition to coordinated direct advocacy, the NMMA said, the campaign will include a series of economic studies on cost recovery produced by respected tax policy experts that will be released during the next few months.