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To: Petz who wrote (86167)8/1/2002 9:58:34 AM
From: Road WalkerRead Replies (1) | Respond to of 275872
 
Petz,

re: Why don't they try a capital equipment tax credit to spur business spending? That's what sucks right now. I already know the answer -- it would take congress six months to even took at it.

They looked at it when they passed the tax cut; ultimately they decided on accelerated depreciation.

In the current environment, a cap ex tax credit would be labeled "corporate welfare", and would have as much chance of passing as Bernie Ebbers has of being awarded businessman of the year.

John