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2016 Postmortem

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UCmeNdc

(9,654 posts)
Fri Jul 11, 2014, 11:48 PM Jul 2014

GOP House Votes For Tax Breaks To Add $287 Billion More To Deficit [View all]

WASHINGTON -- The GOP-led House of Representatives embraced a former stimulus measure Friday, voting to make it and another related tax cut permanent, adding $287 billion to the deficit over the next 10 years.

The largest part of the cut, worth more than $263 billion, is making permanent so-called bonus depreciation, which allows businesses to write off the cost of capital investments and improvements much more quickly.


http://www.huffingtonpost.com/2014/07/11/tax-breaks_n_5577957.html


More Tax Cuts for the Rich and corporations.

GOP Motto!

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