Friends of Manufacturing

Trump tax plan expends recession-fighting U.S. business tax break

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President Donald Trump’s tax plan would let U.S. companies take bigger, faster deductions on capital investments, a step some experts said would deplete Washington’s policy arsenal by using up a tax break normally reserved for fighting recessions. 

By putting a five-year “immediate expensing” provision in his plan, Trump handed a win to some businesses, especially capital-intensive ones such as oil drillers, that could gain from it through savings on new plant and equipment purchases.

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