Millions of small businesses, farms and ranches were able to use this provision and reduce their tax bill this year, freeing up money to invest in their operations and employees, create jobs and increase innovation. And that's not all. The working families tax cuts made 100% bonus depreciation permanent too. which allows businesses and farmers and ranchers to deduct the full cost of a new piece of equipment the year they start using it. (04:08–04:15)
CLAIM
Asserts that 100% bonus depreciation was made permanent by the working families tax cuts.
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