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I have had many anxieties for our commonwealth, principally occasioned by the depreciation of our money.
To the totality of purposes of the perfect Law there belong the abandonment, depreciation, and restraint of desires in so far as possible.
After the maxi yuan depreciation of 1994 and until 2005, exchange-rate fixity was the order of the day, with little movement in the CNY/USD rate.
Food manufacturing is an ideal candidate for targeted accelerated depreciation because the food industry, our biggest industry, creates significant flow-on benefits.
But, at the same time, I think that there is room for economic stimulus in terms of accelerated depreciation to encourage businesses to invest and to grow and ultimately to hire more people again.
Accelerated depreciation helps companies bring forward capital-intensive investments by reducing payback time. It's not a hand out. Companies still have to pay the tax, but they simply get to defer it.
I think that many central banks and financial authorities understand that any long term attempt to compete through an artificial depreciation of their currency will not be very effective in the long term.
You cannot artificially curb gold imports beyond a point. But I am hopeful it will happen because the rupee depreciation should by itself lead to a large growth in exports and some compression of imports.
A major way that losses are generated in real estate ventures is through depreciation, which is supposed to reflect the way that assets lose value over time. But a well-maintained building typically gains value.
One way we gave small businesses more money to invest was by extending tax provisions on expensing. This allows businesses to immediately write off things like equipment, without being burdened by depreciation requirements.
I would give relief from the first $10,000 of the payroll tax. I would allow small businesses to accelerate depreciation so they would have an incentive to buy now rather than defer. I would also give to the states $40 billion of relief.
After all, sustainability means running the global environment - Earth Inc. - like a corporation: with depreciation, amortization and maintenance accounts. In other words, keeping the asset whole, rather than undermining your natural capital.
The idea that information can be stored in a changing world without an overwhelming depreciation of its value is false. It is scarcely less false than the more plausible claim that after a war we may take our existing weapons, fill their barrels with information.
It's easy: if you want to grow the economy, encourage job creation, and increase federal revenue, you support making bonus depreciation permanent. Permanency gives job creators the certainty they need to plan and invest in their businesses, including hiring employees.
I've heard time and again from small business owners in Ohio that extending bonus depreciation is the single biggest factor in allowing their businesses to grow. Allowing companies to use these tools for capital reinvestment is a common-sense way to encourage job creation.