Walberg Votes for Increased Investment and Job Creation

Washington, D.C. – Today, Rep. Walberg voted in favor of H.R. 4718, legislation to make permanent a tax provision that would allow companies to deduct half the cost of new business investments. By permanently extending the 50 percent bonus depreciation, businesses will have better access to capital, invest in new facilities and create new jobs. H.R. 4718 amends the Internal Revenue Code to permanently allow businesses to expense half of the cost of new equipment purchases and lift some restrictions to allow certain tax credits to be used for reinvestment. The bill passed with bipartisan support by a vote of 258-160.

"Small business owners, farmers and manufacturers across my district have made it clear that extending bonus depreciation will help their business grow and create jobs. Permanently extending the 50 percent bonus depreciation is a step that will help grow a healthy economy, expand opportunity and help put more Americans back to work," said Rep. Walberg following the vote.