Job Creation--When It Absolutely, Positively Has To Be Delivered The Next Day...

This seems like sage advice from someone who has created 10's of thousands of jobs with highly specialized equipment...Fred Smith, founder and CEO of FEDEX, is asking the President/Congress to help businesses make the Allocative Efficiency decision to replace Capital Equipment on an accelerated time schedule . Companies expense there purchases of equipment over time with a more rapid depreciation allowance. If businesses can expense these goods quicker for tax purposes, then they are likely to replace capital if (1) it wears out, (2) becomes obsolete.  Capital goods purchases are usually big ticket items produced by highly skilled, ergo, highly paid workers.  Updating Capital needs will help businesses become more productive and they add to the Capital Stock of the nation's productive capability.  To compete in a global economy this is a necessity.

America needs more jobs. To get them, we need business to increase capital investment. This is especially true for well-paying industrial jobs in capital-intensive industries. The best way to do that is to let all businesses, large and small, significantly accelerate depreciation of their capital purchases....
Over the past 60 years, there's been an exceedingly strong correlation between domestic job growth and business investment. History is clear: If we want to create jobs, we need businesses—large and small—to increase capital investment.