“It’s the classic, ‘We want to have our cake and eat it too,’” said Sarah Christopherson of Americans for Tax Fairness (ATF), an advocacy coalition. “Corporations are saying: ‘We want to keep every last one of those corporate tax cuts that we got [in 2017]. And also, we want you to double down and give us $600bn more.’” …
The non-partisan Congressional Budget Office forecasts that extending the latter policy – known as “bonus depreciation” – would cost about $325bn over the next decade, which “is more than the combined cost of universal pre-K and free community college tuition for 10 years”, said Christopherson. “You could do both of those things for less money than one of the corporate tax cuts.”
