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Past Peak Hawkishness (guest: Barry Knapp)

The Market Huddle

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The Tax Cuts and Jobs Act - Capital Investment

The tax cuts and jobs act created immediate expensing. Christian cinema managed to get a carvon for that in this so called inflation reduction bill. But equipment investment during the whole two thousand and tens ran at about five %, which is is post war wer to tram. So doing immediate expensing for me was like doing ano capek for clonkers. Rit madeit. It was already fine. For 30 years now, is in structures, physical plant and equipment, as we outsourced everything. That's really what we've under invested in. Those assets are depreciated over nearly a 30 year life. Was changed slightly in tax huts and jobs, but it

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