A Math 'Gimmick'? GOP Proposes Creating New Tax Policies, Then Letting Them Expire
Republicans set up some of their most-touted tax overhaul ideas to expire in five years, but it's possible they have no intention of letting those proposals die.
Were the GOP tax bill to pass as is, it would give families a $300 credit per year for nonchild dependents, as well as taxpayers and their spouses — for five years.
And it would allow businesses to immediately deduct the costs of business investments from their taxable income, a practice called "full expensing" — likewise, for five years.
And then it would end the estate tax, starting in six years.
In pushing their new tax plan, Republicans have touted these policies as boons for the economy. Full expensing for businesses could boost economic growth, and the tax credit would help middle-class families, they argue. In addition, conservatives have long said
