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Comment by breakyerself | Hacker News Reader

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

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

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…

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.

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.

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).

one step forward, two steps back.

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-re...

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My understanding is that this provision was originally enacted by Republicans during Trump's first term, so it follows Trump's practice of fixing things he was the one to break in the first place and attempting to claim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

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

What?

My understanding is that this provision was originally enacted by Republicans during Trump's first term, so it follows Trump's practice of fixing things he was the one to break in the first place and attempting to claim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

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.

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-re...

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.

Seems like it's possible for them to share the blame.

Then why didn't the Democrats fix it when they were in power?

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?

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?

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