Document Type
Article
Publication Date
2-2024
Abstract
On January 16 Senate Finance Committee Chair Ron Wyden, D-Ore., and House Ways and Means Committee Chair Jason Smith, R-Mo., introduced a bipartisan tax package that would revive the child tax credit and modify three provisions in the Tax Cuts and Jobs Act. Under the proposal, the 30 percent limit on interest deductions would be relaxed by including depreciation and amortization in calculating deductible interest, expensing of corporate investment would be extended, and expensing of research and experimentation would be restored in lieu of amortization.
Recommended Citation
Avi-Yonah, Reuven S. "The Case Against Expensing R&E." Tax Notes Federal 113 (2024): 743.
Comments
Reprinted with the permission of Tax Analysts