PROPOSTA DI DEDUZIONE FISCALE DEL 100% DEGLI INVESTIMENTI 2010-2011
Dal New York Times :
Obama to Propose Tax Write-Off for
Capital Investments By JACKIE CALMES
WASHINGTON — As part of his emerging program to jolt the economic recovery from its stall,
President Obama will call this week for allowing businesses to deduct from their taxes through
2011 the full value of new equipment purchase, from computers to utility generators, to
increase demand for goods and create jobs.
The upfront deduction would allow businesses of all sizes to keep more money now and would
give large corporations, many of which are sitting on cash because of uncertainty about the
economy, an incentive to spend and invest.
It would cost an estimated $200 billion in revenues, though the ultimate net loss would be $30
billion over 10 years, administration officials say, since businesses would eventually deduct the
depreciated value of the equipment in any case.
The proposal for 100 percent expensing through 2011 will be part of a package that Mr. Obama
will outline on Wednesday in Cleveland in a speech on the economy.
The stimulus initiative will also include proposals for an additional $50 billion for
infrastructure investments and a new infrastructure bank for projects over the long term, which
Mr. Obama described at a Labor Day event in Wisconsin on Monday.
And it will have a provision to expand and make permanent a tax credit for corporations’
research and development expenses; for three decades, the credit has been enacted
temporarily, given its revenue cost, and then always extended, but with frequent lapses that
frustrate businesses.
Those ideas and others that Mr. Obama may propose on Wednesday have been under
consideration at the White House for some time. But August’s mix of disappointing economic
data and deteriorating poll numbers for Democrats heading into the midterm elections
prompted the president, with evident impatience, to publicly press his economic team to
quickly produce options that could help the economy without excessively increasing the debt.
Though liberal and labor groups have been agitating for public works spending, Mr. Obama and
his advisers are emphasizing business tax cuts in hopes of drawing Republican support — or,
failing that, to show that Republicans are so determined to thwart Mr. Obama that they will
Obama to Propose Tax Write-Off for Capital Investments - NYTimes.com
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oppose even ideas that they and most business groups, like the U.S. Chamber of Commerce,
advocate.
A draft paper on the proposal permitting businesses to write off the full costs of capital
spending in 2010 and 2011 said it “would be the largest temporary investment incentive in
American history.”
Stimulus measures enacted at the end of the Bush administration and continued in 2009
allowed businesses to depreciate 50 percent of qualified investments. A separate administration
proposal to benefit small businesses with tax cuts and loans, which has been pending in
Congress much of the year and remains blocked by Republicans in the Senate, would extend
this smaller tax break through 2010.
Mr. Obama would expand this to 100 percent through 2011 and make it effective retroactive to
this Wednesday, regardless of when Congress might approve the proposal.
According to the draft description from the administration, the proposal “would put nearly
$200 billion in the hands of businesses over the next two years — helping companies that make
new investments in the United States at a time they need it most.”
But, it added: “Most of this relief would be recouped by the Treasury as businesses regain their
strength. Specifically, businesses would get the upfront deduction for their investment — now
when they most need it — but would give up their future annual depreciation allowances in
future years when the economy is stronge
r.”