WASHINGTON – CompTIA, the world’s leading technology association, released the following statement from CompTIA’s executive vice president for public advocacy Elizabeth Hyman following the Congressional passage of the Tax Cuts and Jobs Act:
“CompTIA applauds the passage of the Tax Cuts and Jobs Act. The current tax code is outdated and forces our IT industry to compete on uneven playing field in the global marketplace. By lowering the corporate tax rate, incentivizing companies to reinvest the profits they earned abroad back in to the United States, preserving the research and development tax credit, and helping small businesses by allowing them greater expensing flexibility and pass-through deductions, the new law will allow our IT companies to remain competitive and create jobs. IT jobs are the backbone of the U.S. economy, and this bill greatly enhances our industry’s ability to innovate, and stimulate economic growth around the country.”
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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.
