Congress dropping the ball

[Ravi]

One thing that is quite certain about 2012 is that small businesses won't have the huge tax deductions for buying equipment that they've had this year. The Section 179 deduction, which allowed small businesses to deduct up-front rather than depreciate $500,000 worth of equipment purchases, is expected to shrink to $125,000. It's expected to fall further in 2013, to $25,000

Put year-ahead planning on your December calendar *| ajc.com

Why isn't Congress addressing this?

 

[RetiredGySgt]

One thing that is quite certain about 2012 is that small businesses won't have the huge tax deductions for buying equipment that they've had this year. The Section 179 deduction, which allowed small businesses to deduct up-front rather than depreciate $500,000 worth of equipment purchases, is expected to shrink to $125,000. It's expected to fall further in 2013, to $25,000

Put year-ahead planning on your December calendar *| ajc.com

Why isn't Congress addressing this?

Ask the dems they run the Senate.

 

[expat_panama]

...the dems they run the Senate.

--and from the whitehouse they control the veto and propose the budget.