would let U.S. companies take bigger, faster deductions on capital investments, a step some experts said would deplete Washington’s policy arsenal by using up a tax break normally reserved for fighting recessions.

in #in7 years ago

By putting a five-year “immediate expensing” provision in his plan, Trump handed a win to some businesses, especially capital-intensive ones such as oil drillers, that could gain from it through savings on new plant and equipment purchases.

“These changes are something I would 100 percent support ... It would be a huge positive,” said Paul Mosvold, president of privately held Scandrill Inc, which drills oil wells for Anadarko Petroleum Corp and others.

Coin Marketplace

STEEM 0.26
TRX 0.20
JST 0.038
BTC 96662.00
ETH 3660.13
USDT 1.00
SBD 3.84