Today, forty groups, including the American Consumer Institute, called for the extension of the full and immediate expensing provisions of the Tax Cuts and Jobs Act of 2017, including the full expensing of investments and research & development. The extension would provide immediate tax benefits for certain short-lived assets, which would increase economic productivity and wages. Congressional action to restore these tax provisions would be a huge boon to American manufacturers, jobs, and the overall economy.
The full letter is available online.