The House on July 11 voted 258-160 to approve a bill widely supported by aviation groups to make permanent 50% bonus depreciation of certain capital equipment, including business jets. But the future of the bill is less clear, with the White House threatening a veto and the Senate favoring a two-year extension. The vote went largely along party lines, with only two Republicans voting against passage. More Democrats – 34 – backed it. Leading up to the vote on the bill, H.R.4718, ...
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