5 ms·

Someone must have made a mistake. This government just broke its perfect record of only fucking things up.

deleted 1y ago
[deleted]
schneems 1y ago
Happy to report that the laws of the universe are still in effect. NPR and PBS were defunded today so I’ll call it a wash. (This is a joke, I’m happy for this change, but also raising that it’s in the middle of a lot of other crappy stuff and I’m holding space for all of it).
- em-bee 1y ago
  one step forward, two steps back.
catlover76 1y ago
My understanding is that this provision was originally enacted by Republicans during Trump's first term, so it follows Trump's practice of fixing things he was the one to break in the first place and attempting to claim credit.
- BryantD 1y ago
  It is slightly worse than that. The provision was changed by Republicans… but set to kick in after Trump’s first term, so the negative effects landed on Biden. Now that Trump’s back in office, it’s safe to improve the economy again without the wrong party getting credit for it.
  - culi 1y ago
    Given the changes to 41(d)(1)(A) and 280C(c)(1) that were paired with this reversion, we might not see things pick back up after all https://www.morganlewis.com/pubs/2025/07/new-section-174a-restores-domestic-r-and-e-deductibility-but-other-changes-bring-mixed-results https://www.morganlewis.com/pubs/2025/07/new-section-174a-re...
  - ivewonyoung 1y ago
    So why didn't the Biden admin reverse it? They were able to pass the IRA etc. they could've included this provision. Maybe the Democrats do deserve the blame.
    - breakyerself 1y ago
      Seems like it's possible for them to share the blame.
- ivewonyoung 1y ago
  Then why didn't the Democrats fix it when they were in power?
  - catlover76 1y ago
    [dead]
  - catlover76 1y ago
    Googled a bit and it looks like they indeed did try to do so, but, again, didn't have the votes. The premise of your question is not in good faith though; why is it always the Dems who should be blamed for failing to fix things Republicans fuck up deliberately in the first place?
    - snapetom 1y ago
      Neither is your response in good faith. Reconciliation is common practice and has happened for decades. Why are you now pointing it as a Democrat vs Republican issue?
randerson 1y ago
Considering this is reversing their own mistake, after damage has been done, it is still a net fuckup in aggregate.
- tpetry 1y ago
  But the damage has been done while the opponentparty was leading the country. Thats the important part. That was always the plan. And is again with the big beautiful bill when the big tax hikes will take effect with the next president…
- 1auralynn 1y ago
  Agreed, it cost me at least $10,000 because I had to pay fancier accountants to do all the R&D calcs. Not to mention the interest lost, my time spent figuring it all out, etc.
leptons 1y ago
>My understanding is that this provision was originally enacted by Republicans during Trump's first term, so it follows Trump's practice of fixing things he was the one to break in the first place and attempting to claim credit. The [dead] comment is absolutely right.
culi 1y ago
The amendments to 41(d)(1)(A) and 280C(c)(1) might cancel this out and mean things are still fucked up https://www.morganlewis.com/pubs/2025/07/new-section-174a-restores-domestic-r-and-e-deductibility-but-other-changes-bring-mixed-results https://www.morganlewis.com/pubs/2025/07/new-section-174a-re...
wmf 1y ago
This thing was never meant to kick in. Congress has a loophole where they will pretend a bill is "revenue neutral" if it cuts taxes in the short term but increases them long term. So bills are full of time bombs that go off years in the future. Normally Congress cancels the tax increases before they take effect but they forgot to fix this one in time.
AtlasBarfed 1y ago
Oh the roads don't work by you? The water? Electricity? Internet?
- breakyerself 1y ago
  What?

deleted 1y ago

[deleted]

Happy to report that the laws of the universe are still in effect. NPR and PBS were defunded today so I’ll call it a wash. (This is a joke, I’m happy for this change, but also raising that it’s in the middle of a lot of other crappy stuff and I’m holding space for all of it).

em-bee 1y ago
one step forward, two steps back.

catlover76 1y ago

My understanding is that this provision was originally enacted by Republicans during Trump's first term, so it follows Trump's practice of fixing things he was the one to break in the first place and attempting to claim credit.

BryantD 1y ago
It is slightly worse than that. The provision was changed by Republicans… but set to kick in after Trump’s first term, so the negative effects landed on Biden. Now that Trump’s back in office, it’s safe to improve the economy again without the wrong party getting credit for it.
- culi 1y ago
  Given the changes to 41(d)(1)(A) and 280C(c)(1) that were paired with this reversion, we might not see things pick back up after all https://www.morganlewis.com/pubs/2025/07/new-section-174a-restores-domestic-r-and-e-deductibility-but-other-changes-bring-mixed-results https://www.morganlewis.com/pubs/2025/07/new-section-174a-re...
- ivewonyoung 1y ago
  So why didn't the Biden admin reverse it? They were able to pass the IRA etc. they could've included this provision. Maybe the Democrats do deserve the blame.
  - breakyerself 1y ago
    Seems like it's possible for them to share the blame.
ivewonyoung 1y ago
Then why didn't the Democrats fix it when they were in power?
- catlover76 1y ago
  [dead]
- catlover76 1y ago
  Googled a bit and it looks like they indeed did try to do so, but, again, didn't have the votes. The premise of your question is not in good faith though; why is it always the Dems who should be blamed for failing to fix things Republicans fuck up deliberately in the first place?
  - snapetom 1y ago
    Neither is your response in good faith. Reconciliation is common practice and has happened for decades. Why are you now pointing it as a Democrat vs Republican issue?

randerson 1y ago

Considering this is reversing their own mistake, after damage has been done, it is still a net fuckup in aggregate.

tpetry 1y ago
But the damage has been done while the opponentparty was leading the country. Thats the important part. That was always the plan. And is again with the big beautiful bill when the big tax hikes will take effect with the next president…
1auralynn 1y ago
Agreed, it cost me at least $10,000 because I had to pay fancier accountants to do all the R&D calcs. Not to mention the interest lost, my time spent figuring it all out, etc.

leptons 1y ago

>My understanding is that this provision was originally enacted by Republicans during Trump's first term, so it follows Trump's practice of fixing things he was the one to break in the first place and attempting to claim credit. The [dead] comment is absolutely right.

culi 1y ago

The amendments to 41(d)(1)(A) and 280C(c)(1) might cancel this out and mean things are still fucked up https://www.morganlewis.com/pubs/2025/07/new-section-174a-restores-domestic-r-and-e-deductibility-but-other-changes-bring-mixed-results https://www.morganlewis.com/pubs/2025/07/new-section-174a-re...

wmf 1y ago

This thing was never meant to kick in. Congress has a loophole where they will pretend a bill is "revenue neutral" if it cuts taxes in the short term but increases them long term. So bills are full of time bombs that go off years in the future. Normally Congress cancels the tax increases before they take effect but they forgot to fix this one in time.

AtlasBarfed 1y ago

Oh the roads don't work by you? The water? Electricity? Internet?

breakyerself 1y ago
What?