A tax proposal released on Thursday by the chairman of the Senate Finance Committee, Max Baucus, addresses a topic that tends to make my students’ eyes glaze over: cost recovery.Cost recovery is a technical topic but one that may shape our economic future, because it affects the calculations of every business manager making a decision about what projects to pursue and what assets to buy.
via Tax Proposal for an Economy No Longer Rooted in Manufacturing – NYTimes.com.
