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House OKs faster write-offs for equipment

Industry News | September 2, 2014 | By:

In July, the U.S. House of Representatives voted to allow companies to write off more than half the cost of investments in the first year, providing a tax boost to businesses. The plan, passed 258-160, over the next decade, would reduce federal tax revenue by $287 billion, helping companies that regularly make capital investments. All but two Republicans and 34 Democrats voted for the measure.

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