John Thune: “Jim Lake, who owns car dealerships around South Dakota, said…”

“Pro growth provisions like bonus depreciation, research and development expensing and the 199A small business deduction are now permanent, meaning businesses like Todd's can plan for the future and invest in their operations and in their employees. Jim Lake, who owns car dealerships around South Dakota, said that 100% bonus depreciation enabled them to build a large addition to one of his dealerships and hire 10 new employees. The owner of Harms Oil also talked about the significant investment from bonus depreciation that benefits South Dakota businesses and the communities they serve.” (01:33–01:47)

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