ACRS
ACRS which acronym should have been in yesterday's blog entry, stands for Accelerated Cost recovery System, and is the US Treasury-IRS acronym for the program which offered business property taxpayers rapid amortization via speedy cost recovery of purchased or commercialized property through depreciation. This represented the applied policy ad tax law of 3-10-5 in accelerating the return of capital to investors in commercial property.
As this was written, Chairman Bernanke was recommending an additonal stimulus to Congress which as the previous, would take the lesser cost to apply and manage of another 'rebate' form as a cash stimulus to qualifying taxpayers. Macroeconomic soundness of ACRS as a measured short term spur against the cash rebate (with obvious longer term impacts of the former), as well as the US Treasury revenues cost of ACRS, is a public policy matter which Congress can and should debate.
The cash stimulus timing and instant need is well within the quickly applied fine tuning throttle controls of the Chairman and should not be delayed any more than a commended revenues accumulating taxation suggestion would be.
As this was written, Chairman Bernanke was recommending an additonal stimulus to Congress which as the previous, would take the lesser cost to apply and manage of another 'rebate' form as a cash stimulus to qualifying taxpayers. Macroeconomic soundness of ACRS as a measured short term spur against the cash rebate (with obvious longer term impacts of the former), as well as the US Treasury revenues cost of ACRS, is a public policy matter which Congress can and should debate.
The cash stimulus timing and instant need is well within the quickly applied fine tuning throttle controls of the Chairman and should not be delayed any more than a commended revenues accumulating taxation suggestion would be.
posted by scotty of course at 1:38 PM
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