4 ms·
It's a shitshow and would definitely contribute to more U.S. layoffs and moving development abroad. Not sure who benefits from this.
by xpl 2y ago
It's a shitshow and would definitely contribute to more U.S. layoffs and moving development abroad.
Not sure who benefits from this.
- matthewdgreen 2y agoI understood it to be a political accounting gimmick to make the total cost of the tax cuts seem lower, since the standard way to measure this cost is to use an (arbitrary) 10-year time window. Under this approach, tax deductions that would previously be claimed in year 7 would now be spread out through years 7-11 and thus wouldn’t be counted. This is also why most people seemed fine with undoing the change, because it didn’t matter. But maybe I have this wrong.