Quote:
Originally Posted by JP-pornshooter
during the Bush admin there were lots of tax incentives (cuts).
For example if you bought a brand new airplane then you were allowed to write off nearly 50% of the value the first year, same deals on new technology (computers and such).
These type tax breaks stimulate economy and makes business thrive..
I am no fan of Bush but this is fact.
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Wow, and since taxes under Bush were lower than at any time since before the Great Depression, we should have a booming economy and virtually zero unemployment right now.
Also, FWIW, the depreciation acceleration is a tax deferment, not a cut.