My new piece in Democracy on why Congress should repeal expensing and move back toward economic depreciation for large businesses, as was the law for most of the income tax’s history. Could raise ~$2 trillion over 10 years. Here’s 4 reasons why: 1/17 democracyjournal.org/magazine/81/...
democracyjournal.org
Expensing—Not Worth the Expense
Last year’s giant tax bill established something unprecedented in the history of the income tax, which sounds dryly technical and thus unobjectionable. It’s called permanent “expensing,” and it allows...
