There's a thorny issue in the legislation approved by the House of Representatives last month that would revive bonus depreciation. Marc Heller of BNA discovered that while fruits and nuts that come from trees and vines will qualify under this version of the bill, bushes are losing out due to an omission in the language.
In addition to blueberries, Howard Gleckman writes that this means raspberries and some cranberries wouldn't be eligible for the deduction.
Luckily, it sounds like this was simply an oversight and a congressional aide told Heller that the bill can be amended so it can bear fruit for bushes, too.
Man, isn't tax policy sweet?
“It isn’t [my idea] to have the rich pay more taxes. It’s to have the ultra-rich pay more,” he said on Bloomberg Television Friday. “It isn’t to have the rich pay more taxes. It’s to have the ultra-rich who are paying very low tax rates pay more taxes. There’s all kinds of ultra-rich who pay normal taxes, but there is a small segment–but you can find them very easily–who pay very low taxes, including me. People who make money with money only pay very low taxes at very high levels of income. … What I’m talking about would probably apply to 50,000 people out of 310 million in the country. [