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grantmcconnaughey/repeal-section-174.md

Created March 17, 2023 20:04
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Letter to Senator to request the repeal of Section 174
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repeal-section-174.md

Dear Senator [Last name],

As a concerned constituent, I urge you to support the repeal of Section 174 of the Internal Revenue Code, “Amortization of research and experimental expenditures.” This provision significantly increases taxes for small software businesses like mine, threatening our growth, innovation, and competitiveness.

The repeal of Section 174 is crucial for the following reasons:

  • Innovation: Increased taxes hinder small businesses’ ability to invest in research and development, stifling innovation.
  • Job loss: Small software businesses drive job creation. The tax increase may force downsizing, leading to job losses.
  • Fairness: The tax increase disproportionately affects small businesses, putting them at a disadvantage compared to larger corporations who can afford to pay the increased taxes.

Fortunately, a bi-partisan bill to repeal Section 174 has been introduced. It can be found here: https://www.congress.gov/bill/118th-congress/senate-bill/866

Please co-sponsor the repeal of Section 174 to protect small software businesses in the U.S.

Sincerely,

[Your name]

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