White House economic adviser Larry Kudlow on Thursday said one policy that could lure US companies to move back to the United States from China would be 100% immediate expensing across the board, reported Reuters.
“As far as policies to get the companies home, a lot of things we can do,” Kudlow told Fox Business News. “I would say 100% immediate expensing across the board.”
“Plant, equipment, intellectual property structures, renovations. In other words, if we had 100% immediate expensing we would literary pay the moving costs of American companies from China back to the US”