Most likely a cascading effect of many factors: the longer downturn of the US economy, tax rate keeping high at least for another year or two and most important

Most likely a cascading effect of many factors: the longer downturn of the US economy, tax rate keeping high at least for another year or two and most importantly, I believe is the effect of Section 174 [1] https://newsletter.pragmaticengineer.com/p/the-pulse-75 https://newsletter.pragmaticengineer.com/p/the-pulse-75