bonus depreciation

: TaxVox

Depreciation, Digital Economies, Carbon, and Oil

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

Dave Camp’s Great Bonus Depreciation Flip-Flop

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

Corporations, Local Revenues, Tough Love, and Carbon

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

If Congress Lets Firms Expense Investments, It Should Take Away Their Interest Deduction

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

Hiking Taxes on Corporate Jets: Obama’s Version of Waste, Fraud, and Abuse

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