House Debate on Business Depreciation Bill
House members debated a Business Depreciation Bill, which would allow businesses to write off 50 percent of their capital investments in… read more
House members debated a Business Depreciation Bill, which would allow businesses to write off 50 percent of their capital investments in the first year instead of depreciating the costs over time. The Congressional Budget Office (CBO) estimated that it would cost about $287 billion over ten years and the White House indicated it would veto the measure. Republicans argued that it would help spur economic growth, and Democrats said it would add to the deficit. close
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