Even if statutory tax rates and tax credits remained unchanged, various features of the individual income tax would cause ... 2013; the expiration of that tax cut will boost receipts as a share of GDP by 0.7 percentage points between 2012 and 2014. ... Under current law, companies can expense (fully deduct from taxable income) all qualified investments in equipment ... small investments in equipment to fully deduct those costs in the year in which the equipment is placed in service.
|Title||:||CBO an Update to the Budget and Economic Outlook: Fiscal Years 2012 to 2022|
|Publisher||:||Government Printing Office -|