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TexasTowelie

(112,081 posts)
Fri Jul 7, 2017, 03:29 PM Jul 2017

Ryan doubles down on tax, health care reform

RACINE — U.S. House Speaker Paul Ryan doubled down on his commitment to tax, welfare and health care reforms during a visit to a Racine business Thursday afternoon.

“Our job and our goal is to get tax reform done in 2017, so that when we roll into a new year in 2018 we roll into having a new tax code,” Ryan said. “If we allow manufacturers or businesses to write off 100 percent of the costs of their equipment, then they’ll buy more equipment, they’ll put more people to work, do more expansions.”

Ryan visited Burlington Graphic Systems, 2600 Chicory Road, a company specializing in printing for businesses and manufacturers.

The event — which included a ribbon-cutting for the company’s newest addition — was closed to the public.

Read more: http://www.kenoshanews.com/news/local/ryan-doubles-down-on-tax-health-care-reform/article_6e2faa3e-e6f3-5e1b-b3d2-a0ce948e9e66.html

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The_Casual_Observer

(27,742 posts)
1. They can already write off their equipment, it's called depreciation. Any tax breaks those
Fri Jul 7, 2017, 03:42 PM
Jul 2017

business owners get will go towards a new boat, vacations to Vienna, collectibles and so on. It's always that way.

LuvLoogie

(6,975 posts)
2. And sometimes they double-dip. By donating depreciated equipment
Fri Jul 7, 2017, 03:59 PM
Jul 2017

For a market value charitable contribution.

BigmanPigman

(51,583 posts)
6. Man, I don't even live there but I hope the Dem construction worker wins the next election.
Sat Jul 8, 2017, 12:02 AM
Jul 2017

However, all Ryan needs to do is punch out a reporter with glasses in front of witnesses and he'll get re-elected.

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