Capital spending soars as business leverages GOP tax reform.....

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1989TransAm
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Capital spending soars as business leverages GOP tax reform.....

Post by 1989TransAm » Sat May 19, 2018 5:02 pm

GO TRUMP GO

“Manufacturing in America is now rising to new heights, thanks to tax reform, and as a result, manufacturers of all sizes are already investing more, growing more, hiring more and paying more," association board member David Farr, the chief executive officer of Emerson Electric Co., said in a statement. "They are already improving lives and livelihoods.”
In manufacturing, 86 percent of companies are investing in new equipment and facilities, according to a National Association of Manufacturers survey published last week.
Beginning this year, the law allowed companies to deduct from their reported income the full cost of large equipment and other non-real estate assets. Prior to the measure, businesses could only expense a portion of those purchases each year.
Much of the money being spent comes from another break under the law, which lets companies bring overseas cash back to the U.S. without penalty after paying a one-time levy of 15.5 percent.

https://www.washingtonexaminer.com/busi ... tax-reform

j-c-c
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Re: Capital spending soars as business leverages GOP tax reform.....

Post by j-c-c » Sat May 19, 2018 7:31 pm

1989TransAm wrote:
Sat May 19, 2018 5:02 pm
GO TRUMP GO

“Manufacturing in America is now rising to new heights, thanks to tax reform, and as a result, manufacturers of all sizes are already investing more, growing more, hiring more and paying more," association board member David Farr, the chief executive officer of Emerson Electric Co., said in a statement. "They are already improving lives and livelihoods.”
In manufacturing, 86 percent of companies are investing in new equipment and facilities, according to a National Association of Manufacturers survey published last week.
Beginning this year, the law allowed companies to deduct from their reported income the full cost of large equipment and other non-real estate assets. Prior to the measure, businesses could only expense a portion of those purchases each year.
Much of the money being spent comes from another break under the law, which lets companies bring overseas cash back to the U.S. without penalty after paying a one-time levy of 15.5 percent.

https://www.washingtonexaminer.com/busi ... tax-reform
Above In Bold, from China, courtesy of the greatest China job creator. #-o

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