Cunning is discussing:

I would say, 100 percent immediate expensing across the board for plant, equipment, intellectual property, structures, renovations... In other words, if we had 100 percent immediate expensing, we would literally — literally pay the moving costs of American companies

What he means is that the companies would pay for it, but their expenses would be immediately deductible rather than being amortized over 30 years or whatever. Thus the companies would probably not pay taxes for a year or two because they would, literally, have no profit once the moving expenses were taken into account.

This isn't giving the corporations money. It's allowing them to deduct their expenses when they are incurred rather than stretched out over the next 30 years.


Edit History

2020-15-Sa 10:15:40 pm

“I would say, 100 percent immediate expensing across the board for plant, equipment, intellectual property, structures, renovations... In other words, if we had 100 percent immediate expensing, we would literally — literally pay the moving costs of American companies,”

What he means is that the companies would pay for it, but their expenses would be immediately deductible rather than being amortized over 30 years or whatever. Thus the companies would probably not pay taxes for a year or two because they would, literally, have no profit once the moving expenses were taken into account.

This isn't giving the corporations money. It's allowing them to deduct their expenses when they are incurred rather than stretched out over the next 30 years.

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