Post #2604876
2026-05-14 18:06 UTC
@andrew@esq.social @atpfm@mastodon.social @siracusa@mastodon.social just started listening to episode #691, regarding this tax change Quartz cites Trump tax cuts from 2017 as the instigator of this change and resultant job losses
https://qz.com/tech-layoffs-tax-code-trump-section-174-microsoft-meta-1851783502
“One such provision was the delayed change to Section 174, which transitioned from immediate expensing of R&D to mandatory amortization over five or even 15 years. This change, which took effect in 2022, was designed to make the TCJA appear "deficit neutral" over a 10-year period.”
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Replies (1)
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@andrew@esq.social 2026-05-14 18:32
@j4ck@iosdev.space @atpfm@mastodon.social @siracusa@mastodon.social Absolutely true. The TCJA and its dogshit sequel the OBBBA have each been, as you might expect, unmitigated disasters.