Dec. 19, 2024 — The Vision Council (TVC) has formally urged Congressional leaders to prioritize tax policies that expand opportunity for the U.S. optical industry. In a letter addressed to the House Ways and Means Committee and the Senate Committee on Finance, the organization called for the extension of specific tax provisions that are set to expire, citing their importance to domestic businesses and public health.

“The Vision Council and our members aim to strengthen America’s global competitiveness, increase the domestic workforce, and help millions of Americans see and live better every day,” says TVC CEO Ashley Mills. “We urge lawmakers at both the federal and state levels to consider the implications of these expiring tax provisions that enable our members to produce and supply quality optical products and services to people everywhere and ensure that all Americans are making vision care part of their ongoing health care.”

TVC highlighted several key tax provisions in its letter, including the extension of the Section 199A deduction for pass-through entities, the preservation of the current corporate tax rate and estate tax exemption, and the reinstatement of immediate deductions for research and development expenses. According to the organization, these measures are critical for ensuring the industry's ability to innovate, compete globally, and sustain economic growth.

To read the full letter, click here.