The American Hotel & Lodging Association (AH&LA) commends the United States House of Representatives and the Administration for their agreement in principle on the provisions of a planned economic stimulus package, which includes AH&LA’s proposal for bonus depreciation. The legislation, totaling some $150 billion in taxpayer rebates and corporate incentives, is designed to bring immediate, short-term relief to an economy damaged by a declining housing market, instability in the stock market, difficulties in the subprime mortgage sector, and increasing unemployment.
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