TechNet, a bipartisan group of tech executives from companies such as Apple, Amazon and Google, communicated its tax priorities to lawmakers in a recent letter. To encourage “innovation, spur economic growth and strengthen the global competitiveness of American businesses,” TechNet advocates maintaining the current 21% corporate tax rate and favorable tax treatment for qualified small business stock. It also supports permanently reinstating R&D and software development deductions and increasing the 1099-K reporting threshold. To incentivize domestic semiconductor production, the group proposes extending the 25% advanced manufacturing investment credit. Click here to read the letter.