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Scott Bessent: “We also have a five-year window for 100% expensing for…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Published | Video Starts at 14:51

And you know, Joe, the other thing too is that I think in the Tax Cuts and Jobs act, which was made permanent, is the 100% expensing of. That's not talked about, which is very powerful. We also have a five-year window for 100% expensing for factory structures and agriculture structures. So to take a tax hit on that is really, you know, you're really winding the spring and you are creating high after tax returns on capital which increase productivity, which is what makes countries rich. (14:51–14:59)

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Asserts that there is a five-year window for 100% expensing for factory and agriculture structures.

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