section 179 tax deductions

[redrobin]

They might be limited to 25K in this years tax laws.



http://www.politico.com/story/2014/11/tax-breaks-corporations-draft-113169.html

 

[WB]

They want all of our money in Washington that way they can invest it. Main street in rural America is going to take a huge hit it is just that simple. My wife and I have come to the conclusion that we are working too hard. I suspect that when the 2014 tax bill arrives I might not be the only one with high blood pressure. But then again I am sure they will do well with our money.

 

[Faster horses]

I wondered when this would be brought up. Our accountant back a few months ago said the feds were fighting over this and he thought it would be changed. Now he's not so sure. This is hurting implement dealers, car dealers, all businesses ranchers buy from. $25,000 get used up pretty fast.
The way I understand it you can't buy something toward the end of the year because they say that is a tax dodge.