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If you've been around long enough then you recall Reagan did the same thing in the 80's. He introduced double accelerated depreciation and it sparked an economic boom in Real Estate and other passive assets.
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Yeah, ACRS, and then he took that away with the '86 Tax Act. Recapture was introduced in that gem. The worst move by Reagan that I recall. Good/great otherwise.
Of course, it was another classic example of the Dems playing Lucy with the football. They were promising an expense cut in return, but.....never happened...so sorry, sucker!!!
