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Matt Rosendale on Corporations

 

 


New tax law changes depreciation rules to allow expansion

Senate candidate Matt Rosendale toured a small business in Missoula to tout the benefits of the federal tax reform bill passed by Congress in December and accuse his opponent of standing in the way of President Donald Trump's agenda.

At Anchor Electric, Rosendale reported that the company owner told him that the tax reform package allowed him to expand his businesses and hire about 10 additional employees. "They've acquired another firm and now he plans to take advantage of additional parts of the tax reform package that allow small businesses to make capital investments and expense that out over one year instead of having to depreciate it out over several years," Rosendale said.

Rosendale said he's seen reports that there are hundreds of thousands of new manufacturing jobs in the U.S. because of the tax reform package. "That's one of the things that Jon Tester has voted against in opposition to the desires of the people of Montana," Rosendale said.

Source: The Missoulian on 2018 Montana Senate race , Aug 9, 2018

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