Ogilvy Government Relations represents what it calls an "informal coalition" of companies/business groups eager to preserve the accelerated depreciation provision in any tax overhaul.
The CRANE (Cost Recovery Advances the Nation's Economy) group is housed in Ogilvy's Washington office.
Members note that proposals drafted in the House Ways and Means Committee and Senate Finance Committee during the past four years proposed sharp cuts in accelerated depreciation.
They expect tax reformer efforts this year and beyond to re-visit the accelerated depreciation push.
American Petroleum Institute, Comcast, Marathon Petroleum, Alliance for American Manufacturers, American Iron and Steel Institute, Atlas Air and Praxair are CRANE members.
Ogilvy's James Gould, tax counsel to former Texas Democrat Sen. Lloyd Bentsen, and Tucker Schumack, tax/finance counsel to ex-Maine Republican Sen. Olympia Snowe, work the CRANE business.
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