Obama's state of the Union will probably include a spending freeze. Which means he wants to keep all the spending the democrats implemented during the last four years.
This is not acceptable! I say cut spending limts back to 2007 levels.
Then to get jobs moving reduce the depreciation time on rental houses from 25 years to seven years.
Also, allow businesses to write off the full cost of each piece of new equipment, with a purchase price of $100,000 or less, in the tax year it is purchased.
If the business buys two pieces for $80,000 each it can write off $160,000. ($100,000 x any number)
Just these two tax changes will jump start business and reale state.
But will never hear any thing like this tonight from Obama.
© 2013 Created by Judson Phillips.
