Sens. Scott, Lankford Invest In U.S. Job Creators In Uncertain Economy
April 01, 2023
April 01, 2023
WASHINGTON, April 1 -- Sen. Tim Scott, R-South Carolina, issued the following news release:
Senator Tim Scott (R-S.C.) joined Senator James Lankford (R-Okla.) in introducing the Accelerate Long-term Investment Growth Now (ALIGN) Act, which would make permanent a provision in the 2017 Tax Cuts and Jobs Act (TCJA) that allowed businesses to fully expense new investments, such as machinery and equipment, in the year of purchase. The provision began to phase out in the federal tax code . . .
Senator Tim Scott (R-S.C.) joined Senator James Lankford (R-Okla.) in introducing the Accelerate Long-term Investment Growth Now (ALIGN) Act, which would make permanent a provision in the 2017 Tax Cuts and Jobs Act (TCJA) that allowed businesses to fully expense new investments, such as machinery and equipment, in the year of purchase. The provision began to phase out in the federal tax code . . .