Blum Takes Leadership Role on Section 179
Efforts Will Support Iowa Farmers & Small Business
This week Congressman Rod Blum took a leadership role in the effort to make Section 179 expensing permanent. Blum signed on as a co-sponsor of H.R. 636, designed to permanently extend the $500,000 limit, indexed for inflation, for expensing purposes for investments in new equipment and property. In addition to this effort, Rep. Blum also led a bipartisan letter to Speaker of the House John Boehner from the Iowa delegation requesting that H.R. 636 be brought to the House floor for consideration as quickly as possible.
Rep. Blum released the following statement about his efforts on Section 179:
“Permanently extending Section 179 will provide much greater certainty for both Iowa farmers and small businesses by allowing them to strategically invest in new property and equipment. Those investments will boost our economy and benefit working families, family farms, and businesses who employ large numbers of Eastern Iowans. Short term extensions don’t allow businesses to adequately plan for the future, and it’s time Congress end this cycle and permanently enact this expensing provision so Iowans can create more jobs with higher wages.”