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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.

With real estate in the 80's the tax write-offs got so generous that an entire industry was created to build unneeded buildings just so people could buy partnership rights to the depreciation. That's a poor analogy to this mess, since those schedules were helping to create the distortions that led to the S&L crisis a few years later.

Current depreciation schedule allows 20% write-off in year one, this bill moves it to 30%, and the tax savings on that would be in the 25 to 35% range. It's like getting a 2% discount on your asset purchase. Is that really going to be a driver of the internal rate of return on a financed piece of capital equipment? Give me a break. But it means the government is back in deficit and my personal tax rates won't drop for a decade so GE can pay less taxes. Let's eschew corporate welfare in favor of a truly smaller government spending profile and lower taxes for all.