H.R. 508: Bring American Companies Home Act

H.R. 508 is a federal bill in the 119th Congress. Currently, businesses moving operations from one country to another may not be able to immediately deduct all the costs associated with such a move. This bill changes that by allowing U.S. businesses to fully deduct, in the same tax year they are incurred,… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.