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 […]
