Examples of Good News Arising from Big Beautiful Bill’s Full Business Expensing Provision

Laser Marking Technologies LLC (Caro, Michigan) — Facility expansion:

Expensing “will allow us to invest into the future and immediately allow us to double our manufacturing space.” “If I can expense our manufacturing additions and new buildings that we need to build so we can supply the machinery for the U.S. — we can do that and immediately write that off. And that means something. Because that puts it right back into our local economy.” — Sam Palmeter, President of Engineering and New Product Development.

i2M (Mountaintop, Pennsylvania):

“Manufacturers are innovators. By restoring immediate R&D expensing for manufacturers across America, Congress has empowered manufacturers like i2M to innovate and create. That’s how we keep our competitive edge—not just as a company, but as a country.” — i2M founder Chris Hackett

Todd Olsen, rancher (Lewistown, Montana):

“Ranching is a gamble and an ever-changing tax code does not make our job easier. The One Big Beautiful Bill gives us multi-year certainty on expensing rules and ag-specific provisions. We can finally plan ahead with more confidence — and that helps with our business decisions across the board.” — Todd Olsen

Patti Marine Enterprises, Inc. (Pensacola, Florida):

“The full deductibility of the new construction and the 100% immediate expensing of equipment and the extension of the Trump tax cuts allows us to reinvest directly into our workforce, our facilities, and to grow our future.” — Frank Patti Jr.

Click Bond, Inc. (Carson City, Nevada) — Equipment purchases and employee pay and benefits:

“The OBBBA makes permanent the pro-growth tax policies from the Tax Cuts and Jobs Act, reinstating expired provisions on a permanent basis and preventing further damaging expirations. It also expands key incentives— such as the change that will allow us to immediately expense new or improved production facilities. This historic law ensures a pro-growth tax code for manufacturers, ensuring that we can continue to offer the pay and benefits for our workers that allow them to build lifelong, family-supporting manufacturing careers.” — July 25, 2025 written testimony of Austin Robinson, Director of Manufacturing, Click Bond Inc. — U.S. House Committee on Ways and Means Field Hearing on the One, Big, Beautiful Bill — Delivering for American Workers — Las Vegas, Nevada

Bear Valley Ranch (Parkfield, California) expensing provisions will help with equipment and capital purchases:

“Agriculture requires significant investments in machinery, equipment, and other depreciable assets and because of this, farmers and ranchers place great value on tax code provisions such as the Section 179 small business deduction. The ability to immediately expense purchases of equipment provide an incentive for farmers and ranchers to invest in their businesses. The increase of the Section 179 limitation to $2.5 million included in the One Big Beautiful Bill is a much-needed update to this tool which will help cattle producers make larger investments.

Section 179 helps cattle producers with difficult cash flow struggles, lowers their marginal effective tax rate, and eliminates burdensome recordkeeping requirements associated with depreciation. 57 percent of NCBA Tax Survey respondents reported using Section 179 in the past 3 years, and 45 percent of respondents say they would have incurred an additional tax burden exceeding $20,000 if they did not have access to it.

Accelerated deductions allow cattle producers to deduct expenses faster, reducing the tax burden and freeing up capital farm businesses can use to grow. Bonus depreciation, also known as first-year expensing, allows a business to deduct the cost of an asset the year it is placed in service. Farmers and ranchers generally use bonus depreciation when expenditures exceed the Section 179 small business deduction limits. 100 percent bonus depreciation was established in 2017, but it had been phasing out for several years. Reinstating this tool permanently will help cattle producers make essential investments without the burden of delayed tax benefits.

These improved tax incentives allow farmers to immediately write off capital investments, such as a new combine or tractor, and keep thousands of dollars in their bottom line. In addition to equipment purchases, other eligible items may include the purchase of “off-the-shelf” computer software, and breeding livestock.” — July 26, 2025 testimony of Kevin Kester, owner of Bear Valley Ranch, on behalf of National Cattlemen’s Beef Association, submitted to House Ways and Means Committee

Robinson Helicopter Company, Inc. (Torrance, California) —

“The OBBBA restored immediate equipment expensing to the 100% level—and made this pro-growth, pro-manufacturing policy permanent. Thanks to the OBBBA, manufacturers and their associated suppliers now have both the policy tools and the certainty needed to compete in this capital-intensive industry.

For Robinson Helicopter, this means being able to carry out our plans to grow our business and create jobs faster. We are acquiring a new Torrance based warehouse very close to our Zamperini Field based headquarters that will allow us to expand our logistics capabilities and more effectively serve the maintenance needs of our customers. We expect that this expansion will lead to additional equipment purchases and increased workforce for this new space. The same is true for the expanded production lines we have planned, which will require a significant amount of research to develop both the best product and a cost-effective, scalable manufacturing processes. Once that process has been developed, it needs to be executed with significant investment in tools, equipment, and workers.

Full and immediate expensing of equipment positively impacts not only our ability to compete and grow our products and services, but also the workforce we will need to hire to operate our expanded manufacturing and logistics capability. That’s going to be true across the manufacturing sector, where full expensing leads to lower costs of investment, more equipment purchases, accelerated workforce hiring, and an overall more competitive labor market and associated wages.

Across the economy, the TCJA accelerated U.S. job growth by 1.5 percentage points—a
significant nominal increase representing hundreds of thousands of new nonfarm jobs. The TCJA also led to a 1.0 percentage point increase in the labor force participation rate, signifying hundreds of thousands of civilians entering the labor force. As you might expect in this type of tight labor market, in the two years after the TCJA’s enactment, average earnings for production workers rose 6.0%, compared with just 4.9% for the two years prior to the TCJA.

This economic growth was a direct result of pro-investment policies like full expensing. And
now, in the OBBBA, Congress has made full expensing permanent. We’ve already seen how
these policies lead to economic growth, more jobs, and higher wages—and Robinson Helicopter is already rolling up our sleeves to take advantage of incentives like full expensing. For Robinson Helicopter, it’s one of the most important components of this bill, and we look forward to helping deliver economic growth and job creation.”

AT&T (Dallas, Texas) – Accelerating fiber infrastructure rollout and wireless services;

“AT&T plans to more quickly build fiber infrastructure thanks to pro-investment policies in the One Big Beautiful Bill Act passed by Congress today.

The One Big Beautiful Bill Act will spur investment, maintain U.S. leadership in innovation, and create economic opportunity nationwide. Thanks to the policies in this legislation, AT&T expects to invest more rapidly in next-generation networks after the bill is signed into law, increasing our investment by an additional 1 million fiber customer locations annually starting in 2026. 

This bill also creates a pipeline of midband spectrum that will help meet soaring consumer demand and keep the U.S. technologically competitive with other countries. Paired with the tax provisions in the bill, this legislation paves the way for the stated goals laid out by FCC Chairman Brendan Carr: unleashing high-speed infrastructure builds and restoring America’s global lead in wireless technology through smart policy.” — July 3, 2025 AT&T company statement

“AT&T expects to realize $6.5 to $8.0 billion of cash tax savings during 2025-2027 relative to the guidance it provided at its 2024 Analyst & Investor Day due to tax provisions in the One Big Beautiful Bill Act. This reflects estimated savings of $1.5 to $2.0 billion in 2025 and $2.5 to $3.0 billion in each of 2026 and 2027.

The Company intends to invest $3.5 billion of these savings into its network to accelerate its fiber internet build-out to a pace of 4 million locations per year, a run-rate it expects to achieve by the end of 2026. As a result of this increased pace of organic fiber deployment, AT&T expects that by the end of 2030 it will reach approximately 50 million customer locations with its in-region fiber network and more than 60 million fiber locations when including the Lumen Mass Markets fiber assets it has agreed to acquire and plans to expand, its Gigapower joint venture, and agreements with other commercial open access providers.

AT&T also intends to contribute $1.5 billion of these savings to its employee pension plan by the end of 2026, which would result in approximately 95% funding of the plan. The remaining tax savings will add to AT&T’s financial flexibility to support additional strategic investments, incremental capital returns and debt repayment, among other potential uses.” — July 23, 2025 company statement

Johnson & Johnson (New Brunswick, New Jersey) – Provides certainty for $55 billion in U.S. manufacturing investments:

“These very policies that just pass are the ones that have enabled our commitment to invest $55 billion in the US in the next four years. And our goal is to be able to manufacture in the US, all the medicines that are consumed in the US at the completion of that plan and we are on our way of being able to do that.”

“We are pleased that the One Big Beautiful Bill Act provides certainty for our previously announced $55 billion commitment to invest here in the United States. This includes provisions such as permanent expensing for domestic R&D spend, permanent bonus depreciation, and 100% expensing of qualified production property, including our newly planned facility in North Carolina.” – Joseph Wolk, Executive VP and CFO, July 16, 2025 earnings call.

Turk Stovall, rancher (Billings, Montana) — equipment upgrades and other ranch investment:

“Because the One Big Beautiful Bill let’s us fully expense valuable and necessary investments under Section 179 and 100% bonus depreciation, our ranch will be able to upgrade equipment, increasing our efficiency without being hit by a huge tax burden. That kind of flexibility matters in a ranch like ours.” — Turk Stovall