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 require that for every two dollars a business deducts under the accelerated cost recovery system, one dollar in wages must be paid to new employees of the business. Provides an exception for small businesses whose depreciation deduction does not exceed $5,000. Specifies that a business which does not meet this requirement shall be limited to the depreciation available under the former asset depreciation range system. Prohibits employers from replacing present employees with new employees for the purpose of complying with the requirements of this Act.