Topic:

Taxes

Subject Line:

Repeal Section 174 to Save Tech Jobs!

Body:

Make sure to edit the placeholders.

Dear [Senator’s Name],

I am writing to you as a [current/aspiring software engineer or as someone who deeply values the contributions of software engineers to our society and economy]. The amendments to Section 174 have created an unforeseen barrier to innovation and growth within the tech industry.

These changes have led to a significant reduction in research and development (R&D) investments, directly affecting the job security of countless software engineers and the overall health of tech companies. Aspiring engineers are facing an uncertain future, and established professionals are at risk of losing their jobs.

For unprofitable or low-margin startups, the situation is even more dire. The inability to fully deduct R&D expenses is forcing these companies to pay taxes on funds they don’t have, which could have been reinvested into further innovation and development.

I urge you to consider the long-term implications of Section 174 on the tech industry and take action to support H.R. 7024, the Tax Relief for American Families and Workers Act of 2024. This critical bill seeks to restore Section 174 expensing for domestic R&D investments and is essential for the continued growth and innovation in the tech sector.

Your support for this bill will aid software engineers and bolster the foundation that drives technological progress in our country.

Thank you for your attention to this critical matter.

Sincerely,
[Your Name]