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

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387 points tareqak | 1 comments | 05 Jul 25 00:24 UTC | HN request time: 0.286s | source
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agwa ◴[05 Jul 25 02:33 UTC] No.44469695[source]▶
As a small software business owner, I have to agree with Michele Hansen (who spent 2 years advocating on behalf of small software businesses for this very change): "we’re finally going to get Section 174 relief, and I couldn’t be angrier" https://www.linkedin.com/posts/mjwhansen_it-looks-like-were-...
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benreesman ◴[05 Jul 25 05:34 UTC] No.44470303[source]▶
Yeah. This is a tough one. Its a really bad bill that happens to also be the best thing that could happen in the economic life of most any programmer.

This is going to make a lot of people's lives a lot worse and I'm against it even though it's an absurd windfall for me and people like me.

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andrepd ◴[05 Jul 25 10:23 UTC] No.44471637[source]▶
Yeah. Not gonna lie it's a bit obscene watching people in this thread revelling that their absurdly highly paid jobs will become even more highly paid, given what's at stake.
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1. benreesman ◴[05 Jul 25 13:27 UTC] No.44472666[source]▶
When the hammer fell in late 2022 / early 2023 I was out of work for the first time in 20 years of uninterrupted employment without one day of unemployment. Having just carried my family (financially) through a bereavement that left people effectively unable to work (there are a zillion expenses you don't think about) I was also running on fumes myself, and I very rapidly surmised that I was going bankrupt : I had a cost structure that takes a minimum of a year to change and I had just gotten done telling the Valley where to stick their millions a few years earlier.

So for me this is like, the end of a period where contrarian hackers can be passed on at arbitrary ability in a way that has no lower limit: there is no bottom now and there is no safety net.

But I had about a decade of just never having to care about money at all before that, so maybe there's some karma in it too.

For me this is like, OK I'm definitely not going to get frozen out of work with no place to live anymore, and I'd be lying if I said I didn't sleep easier last night than I have in a while.

But even from that vantage point, I oppose the passage of this bill and will argue to see it overturmed: the people who it hurts are more vulnerable still.