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David Schweikert: “Current status, 100% of first year's bonus deduction through…”

Featuring: David Schweikert, Republican | U.S. House, Arizona, District 1

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'A Scam': David Schweikert Lays Waste To President Biden's Newly Announced Budget

Published | Video Starts at 19:14

Current status, you get $500 per dependent. It's gone. That's gone. Expiring 2025 tax provisions and some more stuff that's expiring. Current status, 100% of first year's bonus deduction through 2022. This is what we did a couple weeks, well, two months ago. Now it's still sitting in the Senate where we were just trying to fix some of the bonus depreciation because it turns out. (19:14–19:22)

CLAIM

Asserts that the 100% bonus deduction for the first year was available through 2022.

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