[babble-on]

Businesses won't buy anything they wouldn't otherwise purchase just because of accelerated depreciation. They'll buy the same stuff and just depreciate it faster. Gimmicks like this are a lousy way to steer things like employment, and someone else will have to pay the taxes that these companies aren't paying. The no-account congress just realized that the economy was taking off no thanks to them and rather than being in blame-shifting mode they suddenly swung to taking credit mode and passed an unnecessary package.

They should call this bill the Interest Rate Hike Acceleration Act of 2002.

[Wphile]

VRWC - thanks for the information.

Babble-on - let me tell you, that my business is one business that will surely take advantage of the additional depreciation allowance.

RWfromkansas - I agree Bush will and should get the credit. Frankly, however, for those who really followed the debate it looks like he had to give up more than the Dems, but no matter. I like the business tax cuts just would have liked the personal rate cuts too.

[VRWC_minion]

Businesses won't buy anything they wouldn't otherwise purchase just because of accelerated depreciation

That is not my experience with small business. Purchases are made sooner because of accelareted depreciation.

In fact the reverse effect was felt heavily when the real estate w/o's were drastically reduced from 18 years to 27.