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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.
by 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 agoGiven 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 agoSo 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 agoSeems like it's possible for them to share the blame.