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> It was passed by Congress during the first Trump administration in order to offset the costs of other corporate tax rate cuts, due to budgeting rules. Wow, s
by dgs_sgd 1y ago
> It was passed by Congress during the first Trump administration in order to offset the costs of other corporate tax rate cuts, due to budgeting rules.
Wow, so there isn’t really a good faith steel man for this? They were just like, hey, we need to offset other cuts so let’s arbitrarily pick a high paying profession that, not so coincidentally doesn’t have a lot of influence in government, and let them take the hit?
- andrewlgood 1y agoI think it was more along the line that R&D had been formally encouraged with special expensing rules and in 2017 they removed the special treatment.