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1) Congress Passes Section 179 Increases
Author:
Sean Marten
Category:
Finance
We've all heard about the impact of the Economic Stimulus Plan on individual taxpayers, but not as much information has been reported by the media regarding its effect on small business. To stimulate a sluggish economy, Congress has included in HR5140 a provision for nearly $50 billion dollars in business tax cuts. This temporary change to the tax code will allow American businesses to buy new equipment this year with financial incentives designed to expand inventories and create new jobs wh...
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