American Recovery and Reinvestment Act -- Sufficient Stimulus?
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Erik Cagle
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“The problem I see is that, in 2009, a lot of companies aren’t going to be paying taxes anyway because they’re not making money,” he says. “So, if they buy a piece of equipment, it’s not going to reduce their taxes because there’s no taxes being paid by the corporation; there’s no planned profit. Hence, there’s no benefit to using the tax provision.”
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Erik Cagle
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