Remember the tax compromise that President Obama signed the law on December 17, 2010? Most of what you saw in the news focused on reinstating and extending tax breaks for individuals, but that isn’t the entire story. Largely unreported was the fact that economic stimulus provisions for businesses were part of the deal. In fact, the deal improved the 2010 incentives for capital equipment buyers. This was intended to spur $500 billion in new capital expenditures this year.
What does it mean to you?