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OBBB signed: Reinstates immediate expensing for U.S.-based R&D

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334 points tareqak | 2 comments | 05 Jul 25 00:24 UTC | HN request time: 0.452s | source
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tomrod ◴[05 Jul 25 01:12 UTC] No.44469345[source]▶
If correct, this is a good thing on a generally bad, overstuffed bill. Immediate expensing never should have been changed in the first place, and it was always weird seeing people twist themselves in knots defending it.
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xp84 ◴[05 Jul 25 01:41 UTC] No.44469474[source]▶
It’s an overstuffed bill because nobody will compromise on anything so the only way to pass a bill that has anything even remotely controversial to either party is one reconciliation bill a year.
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dragonwriter ◴[05 Jul 25 01:48 UTC] No.44469494[source]▶
> It’s an overstuffed bill because nobody will compromise on anything so the only way to pass a bill that has anything even remotely controversial to either party is one reconciliation bill a year.

No, and lots of controversial bills have passed other than as reconciliation bills, and especially so during trifectas where they "controversial" within the minority party but broadly supported by the majority; reconciliation is necessary to pass something that strains unity in the majority party and is uniformly opposed by (not "controversial to") the minority party, perhaps.

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sugarpimpdorsey ◴[05 Jul 25 02:37 UTC] No.44469712[source]▶
The last time something like that happened was probably the Patriot Act.
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1. rpiguy ◴[05 Jul 25 02:55 UTC] No.44469796[source]▶
Affordable Care Act (Obamacare) was the most sweeping legislation ever passed via reconciliation.
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2. apsec112 ◴[05 Jul 25 03:16 UTC] No.44469867[source]▶
Obamacare was passed via regular order (60 Senate votes), not reconciliation. There was a follow-up package to tweak it that passed via reconciliation in 2010, but the original bill was regular order. It's the only (very brief) window where one party has held 60 Senate seats since 1977.