Lobbying group for AT&T, Verizon prefers cut in corporate rate to full expensing of capital spending.
By Lynnley Browning, Bloomberg|September 14, 2017 at 05:59 AM|Originally published on Treasuryandrisk.Com
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Congressional tax writers want to offer U.S. companies an “unprecedented” way to slash their tax bills by investing in new equipment. But firms that stand to benefit most are saying no thanks, just give every company a bigger rate cut.