WASHINGTON – CompTIA, the world’s leading technology association, released the following statement from CompTIA’s executive vice president for public advocacy Elizabeth Hyman in support of the Senate’s Tax Cuts and Jobs Act.
“CompTIA applauds the work being done in the Senate to reform our outdated tax code. It’s been more than 30 years since Congress last overhauled our tax system. In our industry, that’s a lifetime. The need for smart reforms that enable American IT companies to compete on a level playing in today’s global marketplace has never been greater.
“The Senate’s plan to lower the corporate and pass-through rates, transition to a territorial system, tax repatriated profits at reasonable rates, and preserve the research and development tax credit would spur investment and innovation in the United States, and help ensure our IT industry remains globally competitive. We look forward to working with legislators over the coming weeks to get this proposal signed into law before the end of the year.”
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CompTIA: Building the Foundation for Technology's Future
The Computing Technology Industry Association (CompTIA) is the world's leading technology association, with approximately 2,000 member companies, 3,000 academic and training partners, over 100,000 registered users and more than two million IT certifications issued. CompTIA's unparalleled range of programs foster workforce skills development and generate critical knowledge and insight – building the foundation for technology’s future.
About CompTIA Advocacy
Through its advocacy arm, CompTIA champions member-driven business and IT priorities that impact all information technology companies – from small managed solutions providers and software developers to large equipment manufacturers and communications service providers. CompTIA gives eyes, ears and a voice to technology companies, informing them of policy developments – and providing the means to do something about it.
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Access Now$2 trillion – Estimated direct economic impact of the U.S. tech industry, representing 8.8% of the national economy.
582,000 – Number of tech business establishments in the U.S.
9.1 million – U.S. net tech employment at the end of 2022.
286,400 – Estimated number of new technology jobs added in the U.S. in 2022.
4.1 million – Number of postings by U.S. employers for tech job openings during 2022.
