A Few Key Facts about Bonus Depreciation

A few key facts about today's House Republican vote to make bonus depreciation permanent at a cost of $287 billion:

• FLIP-FLOP – In February, Ways and Means Republicans says about the tax policy: "It was enacted for a specific, short-term purpose: to provide an economic stimulus during the recession. Its temporary nature is critical to its effectiveness."
• $1.4 MILLION A JOB?? – Even if you believe the Republican claim that making it permanent at a cost of $287 billion would create 210,000 jobs – which it would not, considering the provision becomes ineffective when made permanent – what Republicans are proposing is to spend $1.4 million for each job.

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