4 ms·
It was written to fuck over smaller companies. That was the point of it.
by bradlys 4y ago
It was written to fuck over smaller companies. That was the point of it.
- dmix 4y agoWritten by whom? What was the original bill?
- fragsworth 4y agoIf it wasn't done by accident, then it was likely lobbied for by bigger tech companies that are already profitable. They stand to benefit the most from this kind of legislation by destroying all the small competition, and by being able to buy them up for cheap.
- ineptech 4y agoAnswered upthread: https://news.ycombinator.com/item?id=35615264 https://news.ycombinator.com/item?id=35615264
- light_hue_1 4y agoRepublicans. As always they are the enemy. https://www.nytimes.com/2017/12/19/us/politics/tax-bill-vote-congress.html https://www.nytimes.com/2017/12/19/us/politics/tax-bill-vote... "the most sweeping rewrite of the tax code in decades"
- pjdesno 4y agoThe amortization change was a deliberate part of the 2017 tax cut. One of the express purposes of the tax changes was to raise taxes on liberals, and I guess they figured that companies that take the R&D credit are run by liberals.