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Corporations Reap Billions in Tax Breaks Under ‘Bonus Depreciation’ – ITEP
https://itep.org/corporations-reap-billions-in-tax-breaks-under-bonus-depreciation/
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Since TCJA expanded tax breaks for “accelerated depreciation” starting in 2018, it has reduced taxes by nearly $67 billion for the 25 profitable corporations that benefited the most. Congress is now looking at extending this policy.
