Expiring components of the CARES Act and 2017 tax overhaul could have implications for companies with heavy capital spending, depreciation and amortization over the next two years, regardless of the party in power. Businesses will face a step-down in interest-expense deduction in 2021 via CARES expirations. Limits on interest deductibility that were offset by a temporary increase in permitted expensing of capex in 2017's overhaul will start to change in 2022. Allowable interest-expense deductions will decrease to 30% of Ebit from 30% of Ebitda beginning Jan. 1, 2022. Meanwhile, the amount of capex that can be expensed in the year that property is put into service will drop to 80% in 2023 from 100%.