U.S. Sen. Ted Cruz (R-Texas) will reintroduce the Cost Recovery and Expensing Acceleration to Transform the Economy and Jumpstart Opportunities for Businesses and Startups (CREATE JOBS) Act this week. This legislation would vitally reform business expensing in the tax code. Sen. Cruz previously introduced this bill in 2020 and 2021. Upon introduction, Sen. Cruz said: “America’s business owners and workers are hurting from inflation outpacing growth, and supply chains still recovering from the coronavirus pandemic. I am proud […]
Cost Recovery and Expensing Acceleration
Sen. Cruz Introduces Bill to Enact Expensing Reform, Generate Investment in America’s Workforce
U.S. Sen. Ted Cruz (R-Texas) today introduced the Cost Recovery and Expensing Acceleration to Transform the Economy and Jumpstart Opportunities for Businesses and Startups (CREATE JOBS) Act, legislation that would accomplish one of the most important structural reforms to the tax code possible: expensing reform. Sen. Cruz previously introduced this bill in July of 2020. Upon introduction, Sen. Cruz said: “The economic crisis created by the coronavirus pandemic and arbitrary shutdowns have left millions of hardworking men and women without […]