There's an argument that that productivity cycle, by being able to invest in capital equipment, could even be steeper, meaning your wages go up. We actually passed a short term couple years extension of this, got it through the House. It was even bipartisan, and it's been sitting in the Senate for months. It shows you how perverse this thing is around here when even the things that grow the economy and grow your wages and functionally have almost no cost to tax receipts. (12:42–12:52)
CLAIM
Asserts that a bipartisan extension of bonus depreciation passed the House but is stalled in the Senate.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
