A bill to amend the Internal Revenue Code of 1954 to deny the benefits of the accelerated cost recovery system to any business which does not expand its employment.

Amends the Internal Revenue Code to provide that the accelerated cost recovery deduction shall not exceed the depreciation available under the asset depreciation range system or 200 percent of the wages paid to new employees. Provides an exception from such requirement for small businesses whose depreciation deduction does not exceed $5,000.