A bipartisan group of House tax writers re-stated their
desire to enact a package of business-friendly tax cuts by introducing
legislation that includes a handful of priorities that failed to advance at the
start of the year.
The legislation (H.R. 4196) would extend 100 percent bonus
depreciation on qualified capital through 2012 for all employers to encourage
investment and hiring. Without the provision, businesses could only deduct 50
percent for the year.
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