Under section 179 of the IRS tax regulations, you may elect to recover all or part of the cost of certain qualifying property, up to a limit, by deducting it in the year you place the property in service. This is called a section 179 deduction. You can elect the section 179 deduction instead of recovering the cost by taking the depreciation deduction. Required: Discuss the reinstatement of Section 179 in the tax year 2014. Argue that the re-instatement of Section 179 in the tax year 2014 will help to stimulate the U.S. economy.