Focus (Forum & Focus)
Jul. 3, 2008
Conspicuous Consumption
The government should think more about the collateral effects of investment tax incentives before making them permanent, writes Theodore P. Seto - Forum Column
By Theodore P. Seto
This article appears on Page 6
Temporary bonus depreciation rules, enacted pursuant to the Economic Stimulus Act of 2008, are likely to reduce job growth and depress wages through the end of this year, and perhaps beyond. And yet we all know, in our heart of hearts, that investment in equipment is a good thing. In fact, both can be true - that is, tax incentives to purchase equipment ...
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