Cardin supports tax cut linked to roofing
Sen. Ben Cardin is going to a roofing manufacturer in Frederick this morning to promote a bill to accelerate depreciation for energy-efficient commercial roofing, WBAL reports.
Cardin says it would create 40,000 jobs by reducing the depreciation schedule from 39 years to 20 years. That's effectively a tax cut because it increases a business' deductions. This is the kind of targeted tax cut the country needs more of. (To fix the deficit we also need to commit to future tax increases elsewhere! And also cut spending!) Produces jobs. Conserves energy. Heck, Senator, why not just let businesses expense their new, green roofs? (That would make the biggest deduction of all.)







Comments
how about tax deductions for homeowner roofs?
Many corporations get enouph breaks by going overseas, they don't need a tax cut on their US headquarter ofice building for their overseas operations. If you give them any tax break, it should be tied to corporations with manufacturing the majority of their product here in the US. Otherwise, these breaks reward for sending jobs overseas.
Posted by: AB | September 19, 2011 10:44 AM