bonus depreciation

Bipartisan Tax Framework: Low-Income, Wealthy Households Benefit Most

Legislation to temporarily enhance certain business tax deductions and the child tax credit (CTC) would boost after-tax incomes for households by an average of $160...

January 19, 2024John Buhl

Business Taxes: TaxVox

Should Congress Extend Bonus Depreciation?

Although Congress managed to reach a year-end topline spending agreement, it left many tax questions unanswered heading into 2023. One is considering whether to allow...

December 21, 2022Thomas Brosy

: TaxVox

Why TPC Revised Its Estimates Of Business Tax Proposals Pending In the Post-Election Congress

The Tax Policy Center has revised its estimates of the revenue cost and distributional effects of the business tax cuts included in its analysis of...

December 7, 2022Tracy Gordon

Federal Budget and Economy: TaxVox

The Tax Debate Is Just Beginning

The ink on the Inflation Reduction Act is barely dry, but already there are reasons to think Congress may take up more tax issues once...

October 6, 2022John Buhl

Campaigns, Proposals, and Reforms: TaxVox

Is the TCJA Here to Stay?

Just based on its sheer size and scope, the Biden administration’s Build Back Better (BBB) agenda was always likely to shrink as it made its...

December 28, 2021John Buhl

Federal Budget and Economy: TaxVox

Watch What You Wish For: Dynamic Scoring Creates More Issues for the GOP

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

Compromises, Delays, Derivatives and Daze

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

Congress Is Back with Much To Do and Consider

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

Fruit, Pizza, Roads, Short-term Fixes and Shifts

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

The Strange Fruit of the House’s Bonus Depreciation Bill

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