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Business investment soared in 2003 and 2004--but early reports suggest that it has more recently dipped.(The Week ...)(Brief Article)

National Review

| May 23, 2005 | COPYRIGHT 2005 National Review, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Business investment soared in 2003 and 2004--but early reports suggest that it has more recently dipped. It may not be a coincidence that an important tax on business investment was cut for those two years, and the tax cut then expired. Tax law allows businesses to write off the cost of their investments, but it reduces the value of the write-off by stretching it out over many years. During the recession, Congress accelerated the write-off so more ...

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Source: HighBeam Research, Business investment soared in 2003 and 2004--but early reports...

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