Here’s another non-myth. One of our clients (a dem) is very happy with Trump. He says he can now write off capital expenditures in the same year instead of depreciating over several years, so he’s writing off $100,000+ in manufacturing equipment he purchased. His employees are happy, too. They are getting a raise and since the client will have more operating funds in his pocket, he can buy more equipment and get more customers and hire more employees which means more work for us, too. A new Republican has been born in California. Thanks, Trump!
2020 is going to be sooo much fun!
That accelerated depreciation is a huge thing. Yuge! Direct stimulus for job creation.