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House restores immediate R&D deduction in new tax bill
- __loam 3y agoRare moment of bipartisanship. This also brings back the child tax credit.
- throw03172019 3y agoWill tech companies stop the layoffs now?
- westurner 3y agohttps://news.ycombinator.com/context?id=38988189 https://news.ycombinator.com/context?id=38988189 : >> "Since amortization took effect [ in 2022 thanks to a time-triggered portion of the Trump-era Tax Cuts and Jobs Act ("TCJA" 2017) ], the growth rate of R&D spending has slowed dramatically from 6.6 percent on average over the previous five years to less than one-half of 1 percent over the last 12 months," Estes said. "The [R&D] sector is down by more than 14,000 jobs" Hopefully R&D spending at an average of 6.6% will again translate to real growth.
- supriyo-biswas 3y agohttps://archive.is/UqfBO https://archive.is/UqfBO
- qkeast 3y agoWhat’s the likelihood this will actually get through the Senate?
- egberts1 3y agoIt should be none. As in zero chance that US Senate will pass this restoration of R in R&D tax exemption over 5-year amortization. And it won't be across the partisan line (nor party-line-ish). But it will be a fight between Hawk and Dove over debt issues.
- consumer451 3y agoThe debt hawks would love to see the undoing of Ryan tax cuts for the upper percentiles, to balance the debt, right?
- bentt 3y agoEveryone on HN should be rooting for this bill as the current law has singlehandedly sunk many small software businesses.