On 4 March 2015, U.S. Senators Marco Rubio and Mike Lee put forward a tax reform proposal named the Economic Growth and Family Fairness Tax Reform Plan. The plan would simplify the U.S. tax regime overall and includes the following main corporate tax measures. Allow for a 100% deduction for capital investments in the year incurred with no allowance for economic depreciation in subsequent years. A transition period would apply where investments still being deprecated under the old tax code would be recognized after 15 years at the net present value of future depreciation at that time. Set a single...