Senate’s Major Bill Provides Complete Expensing for U.S. Factories and Energy Initiatives Until 2026
Senate Bill Aims to Boost American Manufacturing A recently proposed version of a Senate bill includes temporary tax cuts intended to spur investment in U.S. manufacturing and energy infrastructure. Specifically, section 70307 of the bill allows businesses to deduct 100% of the costs associated with new “qualified production property” right away, for assets utilized over […]
Economists Discover Greater Benefits from Expensing as Senate Considers Tax Proposal
Cost Reductions Drive Business Investments, New Study Suggests Recent findings from a study by the National Economic Research Bureau indicate that lowering the costs associated with business investments could significantly boost capital expenditures, more than analysts in government have typically believed. Essentially, it shows that even a small decrease, just one percentage point in capital […]