A complex tax law change
When it comes to the leasing business, most people automatically think of companies like Hertz, Avis or Ryder System. In fact, much of the $30 billion-a-year leasing industry involves the back-and-forth renting between companies of everything from printing presses to jet planes. Certain provisions in the Reagan tax package now promise to shake up, and open up, the entire business.
Treasury officials say the changes are needed to boost business investment; critics complain that the provisions amount to little more than a multibillion-dollar federal giveaway.
Supporters of the measure contend that the changes will actually stimulate investment in new...
