[lbo-talk] Re: BW: timid fat cats

[Tim Francis-Wright]

Brad DeLong wrote:
> 
> And when do the current expensing provisions expire? December 31? 
> November 2? Isn't it about to get a whole lot more expensive to 
> invest?

The original expensing provisions would have expired on 10 September; 
the most recent revision (which increased expensing to 50% of the basis 
of many depreciation classes) pushed that date back to 31 December.  So 
far this year, the GOP has been loathe to try another extension, lest 
its economic stimulus seem to be less stimulative than originally claimed.

--tim f-w