The Bigger Picture Behind Big Refunds In a rare display of optimism, Julio Gonzalez, founder of Engineered Tax Services, recently argued that large IRS refunds signal a robust economy on Fox News.
His op ed credited the One Big Beautiful Bill Act (OBBBA) with contributing to strong economic growth by allowing companies to write off more investments upfront.
Gonzalez specifically pointed to the permanent restoration of the 100% first year depreciation deduction and a higher Section 179 deduction limit as key catalysts for recent corporate expansion.