The 199A small business deduction is also now a permanent feature of America's tax code and allows small businesses, farms and ranches to reduce their tax burden and invest more in their operations and in their employees. And then There's full expensing for new equipment, which is now permanent thanks to this bill. and supports businesses upgrading and replacing machinery and other equipment that's essential to their work. This landmark bill also allows for full expensing of new factories and factory improvements. (05:13–05:18)
CLAIM
Asserts that full expensing for new equipment is now permanent.
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