00:00We provided 100% expensing and bonus depreciation,
00:05which is tremendous, one of the biggest things that you have.
00:08I mean, it's â people have no idea how big that is.
00:11The businesses do.
00:12So that businesses can deduct 100% of the cost
00:15of new facilities, equipment, and capital investment
00:18in the first year.
00:19It used to take 38 years of deduction.
00:21Now you get it done in one.
00:23You can take one, so you can expand.
00:25I think that's what made us so successful in the first term.
00:28But now we have it for a 10-year period.
00:31So you have it for a while.
00:32I really was going to make it for a one-year period.
00:34That would mean you spend all your money immediately.
00:36Now, unfortunately, I gave you too much time.
00:39I was sort of against that.
00:41I said, let's do it for a shorter period of time.
00:42But we did it.
00:43It's the right thing.
00:45And this way, when I get out of office in, let's say,
00:49eight or nine years from now, I'll be able to use it.
00:53I'll be able to use it myself.
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