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OBBB signed: Reinstates immediate expensing for U.S.-based R&D
71–80 of 395 posts
Re: OBBB signed: Reinstates immediate expensing for U.S.-based R&D
#72Re: OBBB signed: Reinstates immediate expensing for U.S.-based R&D
#73If correct, this is a good thing on a generally bad, overstuffed bill. Immediate expensing never should have been changed in the first place, and it was always weird seeing people twist themselves in knots defending it.
It’s an overstuffed bill because nobody will compromise on anything so the only way to pass a bill that has anything even remotely controversial to either party is one reconciliation bill a year.
It seems like a more formalized quid pro quo system is needed so that political favors can be split across bills and relied upon. This sort of thing seems to be human nature, it doesn’t help anyone to pretend in the procedural rules that it doesn’t happen.
Re: OBBB signed: Reinstates immediate expensing for U.S.-based R&D
#74Re: OBBB signed: Reinstates immediate expensing for U.S.-based R&D
#75Re: OBBB signed: Reinstates immediate expensing for U.S.-based R&D
#76I think we will see this lead to a boost in software developer employment.
Are you being serious or sarcastic? I cant tell.
Seriously, that seems unlikely.
Changes like this may have an impact on employment but it’s impossible to observe the results in a vacuum.
Given that most large companies are towing the “AI means less jobs required” line, it seems likely that this will, at best, modestly slow the rate at which companies divest themselves of software developers.
I cant see any reasonable reason, in a broader context, this would have a meaningful impact.
(Yeah yeah, AI means more jobs one day maybe, but right now that is categorically not true, and the future is always pure speculation, but in the near term, the impact of this seems like it probably wont be material to me; maybe a small reduction in the number of layoffs)
Re: OBBB signed: Reinstates immediate expensing for U.S.-based R&D
#77As a small software business owner, I have to agree with Michele Hansen (who spent 2 years advocating on behalf of small software businesses for this very change): "we’re finally going to get Section 174 relief, and I couldn’t be angrier" https://www.linkedin.com/posts/mjwhansen_it-looks-like-were-...
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Re: OBBB signed: Reinstates immediate expensing for U.S.-based R&D
#78If correct, this is a good thing on a generally bad, overstuffed bill. Immediate expensing never should have been changed in the first place, and it was always weird seeing people twist themselves in knots defending it.
It’s an overstuffed bill because nobody will compromise on anything so the only way to pass a bill that has anything even remotely controversial to either party is one reconciliation bill a year.
Which is why we need to get rid of reconciliation and go back to actually needing to get compromise, but hell will freeze over twice before that happens.
Re: OBBB signed: Reinstates immediate expensing for U.S.-based R&D
#79I think we will see this lead to a boost in software developer employment.
At best it will undo some of the decline over the past 2-3 years.
This "solution" is to a problem the GOP created themselves during Trump's first term, when they made the R&D deduction stuff expire in 2022.