There’s a simple way to keep America’s manufacturing boom going

Starting in 2018, the federal government began allowing businesses to expense 100% of capital investments. That policy must continue to keep the U.S. competitive globally.

Just as important, however, is an obscure provision of the tax code that is already being phased out. Starting in 2018, the federal government began allowing businesses to expense 100% of capital investments, meaning they could deduct the full value of those investments from their taxes right away, instead of having to spread those tax benefits out over the life of the investment.