Comment by agwa
3 years ago
I'm not sure if this is true, but I've heard that the Republicans needed ways to offset the tax cuts made by The Tax Cuts and Jobs Act of 2017. One of the ways was changing the treatment of R&E expenses.
3 years ago
I'm not sure if this is true, but I've heard that the Republicans needed ways to offset the tax cuts made by The Tax Cuts and Jobs Act of 2017. One of the ways was changing the treatment of R&E expenses.
This is true - it was an accounting sleight of hand to make the tax cuts look paid for during Congressional Budget Office scoring