McMorris Rodgers: Bringing Certainty to Eastern Washington Taxpayers

WASHINGTON, DC – Rep. Cathy McMorris Rodgers (WA-05) applauded the House passage today of H.R. 4457, the bipartisan America’s Small Business Tax Relief Act of 2014, which permanently allows American taxpayers to deduct business-related equipment purchases.

“This legislation brings much-needed certainty to the thousands of people who work on farms and in small businesses across Eastern Washington. It provides them the opportunity to create more jobs and invest in new, innovative advancements that will make people’s lives better. This common-sense legislation will open doors for our agricultural and rural communities. I applaud this effort to help taxpayers grow their businesses and bring new jobs to Eastern Washington.”

The America’s Small Business Tax Relief Act of 2014 makes it possible for taxpayers to expense up to $500,000 of investments in new equipment – such as farming machinery – per year.