Tax Policy Center

bonus depreciation

Federal Budget and Economy: TaxVox
As TaxVox readers know by now , House Republicans now require the Joint Committee on Taxation and the Congressional Budget Office to include macroeconomic effects when they produce budget scores of major bills. The GOP hoped this would show that tax cuts would generate so much new economic activity
March 10, 2015Howard Gleckman
: TaxVox
A highway bill could soon head down Pennsylvania Avenue. The House Rules Committee plans to send to the floor the Ways & Means panel’s short-term highway funding bill today. After a floor vote sometime this week, it’s seen as the likely version to land on the President’s desk. In the Senate,
July 14, 2014Renu Zaretsky
: TaxVox
On the Hill this week: The House may vote to make bonus depreciation permanent . The Senate Finance Committee may present a transportation funding plan reflecting a compromise with the House Ways and Means Committee. The House Oversight and Government Reform Committee has scheduled a hearing on
July 7, 2014Renu Zaretsky
: TaxVox
A tax break on the vine is worth none in the bush? TPC’s Howard Gleckman describes yet another stupid tax trick in his latest post. A provision for some fruit and nut growers was slipped into a bill restoring extra tax breaks for business investment. The goodie, also examined in depth by Marc
June 16, 2014Renu Zaretsky
Individual Taxes: TaxVox
When the Ways & Means Committee sent the House a measure to make permanent extra-generous tax subsidies for firms that purchase capital equipment, I noted in passing that the bill included a provision extending “bonus depreciation” rules to fruit and nut trees. If I had read the bill more
June 13, 2014Howard Gleckman
: TaxVox
Appreciation for depreciation is really, really expensive. Perhaps unsurprisingly, the House Ways and Means Committee easily approved permanent restoration of bonus depreciation for capital investment yesterday. The Committee’s party-line vote would make permanent a measure to let companies write
May 30, 2014Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox
Sadly, the House Ways & Means Committee has turned on its head a proposal by its chairman, Dave Camp (R-MI) to repeal bonus depreciation for business capital investment. Instead of scrapping the measure, which Congress originally passed in 2008 as a temporary anti-recession tonic, the panel has
May 29, 2014Howard Gleckman
: TaxVox
The House Ways and Means Committee marks up a bill restoring more expired tax breaks tomorrow. On the table: a measure making bonus depreciation for business investment permanent and reforming the tax treatment of some charitable giving. Bloomberg reports that the tax panel will consider whether to
May 28, 2014Renu Zaretsky
Individual Taxes: TaxVox
Egged on by business lobbyists, congressional tax writers seem increasingly interested in allowing firms to rapidly write off the cost of their capital investments. Especially in the House, lawmakers would allow small businesses to expense the full cost of their investments in the year they are
April 17, 2014Howard Gleckman
Individual Taxes: TaxVox
President Obama’s proposal to raise taxes on corporate jets is the Democratic version of “waste, fraud and abuse”—a political attack on a target of opportunity...
July 5, 2011Howard Gleckman