Economic Stimulus Package — Time to Act: Now

Andrew Paparozzi, chief economist for the NAPL, cautions that equipment decisions should not be based on a tax package alone, as tax incentives are short-term and equipment decision implications are long lasting.

“If you were planning on purchasing a piece of equipment anyway, had already done all your due diligence and knew this was the right move for your company, then purchasing in a positive tax environment can save you money,” adds Joe Vincinzino, NAPL senior economist. “However, the tax package at that point is icing on the cake. You would have already determined that this move was right for your company’s growth.”