Businesses Need Greater Demand for Tax Break to Work Best
(AJC) — A few years ago, before the recession kicked in, a 100-percent federal tax deduction on new plant and equipment investments would’ve been just the ticket for Robert Gredys.
The founder and president of Marietta-based Safeplay Systems could have used the break to buy equipment to help him make more of the company’s recycled plastic playground equipment.
Even if President Barack Obama’s latest proposal to boost business and stimulate the economy gets congressional approval, however, Safeplay isn’t likely to be able to take advantage of the offer, which would run through 2011.
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