Other Investment and Tax Incentives
Date:
December 17, 2010
Who:
IRS
Policy Area:
Fiscal Policy
Action Type:
Tax Break
Maximum Amount:
$156.81 billion
Deficit Impact:
$77.18 billion The 2010 tax cut package included a provision that would temporarily allow businesses to immediately write off the costs of equipment for the next two years. In addition, the package included a number of tax extenders that provide various targeted benefits.
Source:
Notes:
Maximum amount represents peak cost of these provision in the ten-year window. Deficit impact represents net costs of these provision from 2011-2020. Because the cost of the business expensing will be partially recouped after it expires, there is a significant difference between these two numbers.