Full Title: Full Expensing is Pro-Growth, Pro-Environment Policy
Author(s): Nick Loris and Josh T. Smith
Publisher(s): Conservative Coalition for Climate Solutions, Abundance Institute
Publication Date: May 31, 2025
Full Text: Download Resource
Description (excerpt):
Congress should replace clean energy tax credits with immediate full expensing for all new capital investments and research and development expenditures. Immediate or full expensing is a neutral tax code improvement that allows businesses to deduct investment costs upfront rather than over several years. This simple change would encourage broad based investment, including in clean energy infrastructure and research and development, without the market distortions created by subsidies. Replacing green subsidies with full expensing will support the economy and the environment more effectively, at a lower cost to taxpayers.