Whatever benefit there was, it's gone now. The new tax law creates
significant incentive for business to spend capital quickly and get assets into service as soon as possible. For the next five years, capital expenditures can be expensed in full as soon as they're in service rather than depreciated over their useful lives. This basically allows businesses to shift their tax bill from current years to future years, which has real value due to the time-value of money.
@MichWolv @ParentsOf4
https://www.theatlantic.com/politic...-republican-tax-bill-promises-details/548603/
"This was an early fight between House Republican leaders who wanted to allow businesses to write off the full cost of new buildings and equipment as a way to stimulate growth, and others in the conservative movement who prioritized lowering the corporate rate as much as possible. In the end, businesses get full and immediate expensing, but the provision will begin to phase out after five years."