[plain talk]

He would also permanently reduce the corporate tax rate to 20 percent from 35 percent over two years and allow businesses to depreciate the value of new equipment purchases faster.

Excellent. Another good move by Mitt Romney.

[TxCopper]

Depreciation Expense is all fine an dandy until it comes time for recapture. Do you want to pay 39% on the “gain” of selling a $100,000 machine—original cost 3 years later for $33,000 which, coincidentally, is what you still owe the bank?

[glaseatr]

He would also permanently reduce the corporate tax rate to 20 percent from 35 percent over two years and allow businesses to depreciate the value of new equipment purchases faster.

Looks like Mitt took this from the FRed play book, as FRed has been saying this for months now.