Buy New Equipment, Maybe...

The Associated Press reported President Obama announced that a tentative deal has been reached with Republicans to extend the Bush Tax Cuts. This deal, which was passed by the Senate and now awaits House approval, revises the estate tax to 35 percent with a combined $5 million exemption for individuals and $10 million exemption for couples.

Also, according to Portfolio.com, businesses would be able to immediately write off 100 percent of their capital expenditures next year instead of having to depreciate them over a number of years. This could have a significant impact, spurring investment in farms and equipment by equestrians (no pun intended).

Dec 15 Forbes.com Article