Monday, January 26, 2009

Tax cuts, expanded NTIA funding for broadband proposed

Provisions of economic stimulus legislation rapidly moving through Congress could be expanded to include tax cuts and tripling the amount of grants for broadband infrastructure.

Bloomberg reports today U.S. Senator Jay Rockefeller (D-West Virginia) will propose tax credits to encourage telephone, cable and wireless companies to expand broadband access. The Bloomberg item also states the Senate Appropriations Committee wants $9 billion for broadband grants administered by the National Telecommunications and Information Administration (NTIA), compared to $3 billion in the House Appropriations Committee's version of the stimulus legislation.

The broadband provisions of the economic stimulus measure will likely undergo more revisions before the bill reaches President Barack Obama, who has called for its enactment by mid February to shore up a flagging U.S. economy.

No comments:

Web Analytics