Full immediate expensing would lure U.S. firms back from China: Trump adviser Kudlow

FILE PHOTO: White House National Economic Council Director Larry Kudlow speaks during a "small business relief update" video conference call event with banking executives to discuss the U.S. government's rescue program for businesses hurt by the coronavirus pandemic, in the Roosevelt Room at the White House in Washington, U.S., April 7, 2020. REUTERS/Kevin Lamarque

WASHINGTON (Reuters) - White House economic adviser Larry Kudlow on Thursday said one policy that could lure U.S. companies to move back to the United States from China would be 100 percent immediate expensing across the board.

“As far as policies to get the companies home, a lot of things we can do,” Kudlow told Fox Business News. “I would say 100 percent immediate expensing across the board. Plant, equipment, intellectual property structures, renovations. In other words, if we had 100 percent immediate expensing we would literary pay the moving costs of American companies from China back to the U.S.”

Reporting by Jonathan Landay; Editing by Sandra Maler