Guardian: US corporations push to roll back Trump-era tax policies they once endorsed
“It’s the classic, ‘We want to have our cake and eat it too,’” said Sarah Christopherson of Americans for Tax Fairness (ATF), an advocacy coalition. “Corporations are saying: ‘We want to keep every last one of those corporate tax cuts that we got [in 2017]. And also, we want you to double down and give us $600bn more.’” …
The non-partisan Congressional Budget Office forecasts that extending the latter policy – known as “bonus depreciation” – would cost about $325bn over the next decade, which “is more than the combined cost of universal pre-K and free community college tuition for 10 years”, said Christopherson. “You could do both of those things for less money than one of the corporate tax cuts.”
