What you’ll learn on this PMM Insight podcast episode, a commentary by Editor Ron Shinn:   - The new tax and spending law reinstates 100 percent deduction of the cost of capital equipment purchases in the year the purchase is made and accelerates deductions for manufacturing buildings. - Research and experimental or development costs can now be deducted in the year the costs were incurred. - A tax expert said the new law creates compelling economics for domestic facility expansion and modernization.