The question is really a moral one: how long should companies be allowed to enjoy miniscule tax rates and reap historically record profit margins under the guise of ‘temporary’ at the ongoing expense of the tattered public purse. At the same time of course, incentives like this that were designed to bring forward future demand for present spending necessarily result in weaker future spending. That future is now here.
CNBC’s Kayla Tausche discusses the government’s “bonus depreciation” program that allowed industrial companies to write off up to half the value of new equipment. Here is a direct video link.
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