Washington, D.C. – TechNet, the national, bipartisan network of innovation economy CEOs and senior executives, today issued the following statement, attributed to TechNet President and CEO Linda Moore, following the passage of the Tax Relief for American Families and Workers Act in the U.S. House of Representatives:

“Federal tax policy must encourage investments in private sector research and development (R&D) to ignite innovation, create jobs, and increase our global competitiveness. The Tax Relief for American Families and Workers Act will help American workers and their families, spur economic growth, and enable the U.S. to win the next era of innovation.

“While we would like to see action on additional tax provisions this year, including raising the 1099-K reporting threshold, we applaud the House for taking bipartisan action to help America compete globally, and we encourage the Senate to pass this bill.”