Massive Tech Layoffs May Be the Fault of a 2017 Trump Tax Cut

The good times in the Silicon valley are at least as much as the worries of current generations. This The software industry is shrinking And since 2023, the technological industry carries out an amazing place of work. Workers would be safe a few years ago In their asses. The reasons for this are different (AI is often discussed as potential guilty And the total economy has ups and downs over the past few years), a potential driver can also be tax reduction Trump passed in 2017.

It turns out that the 2017 tax discounts and business act (TCJA) have allowed a slightly recognizable provision, download the cost of research and development operations in the technology industry. Before TCJA, technological companies can produce 100 percent of technological companies to ensure the freedom of making important sources of technological enterprises. Bloomberg reports This found a place where the congress is a place to find a way to pay the costs of giving large taxes to billionaires, a place where the Tom industry has found oil to finance R & D.

The 2017 bill decreased to finance the discount for funding for funding to be analyzed over a period of several years. The provision returning finance was not financed by 2022. After the result, after the end of the effect, the technology industry began to work as anyone’s work.

Indeed, 2023 and 2024 It was the bad years of historically META, Amazon and Google’s thousands of workers are for the technological industry of large companies. Quartz puts a deeper look at the relationship between these policy turns and the troubles of the technological industry and Now it shows that There is a positive connection:

… He was buried in a deep time in the 2017 tax law, contributed to a loss of hundreds of thousands of high-paid and white collars. This is the picture of corporate documents, social financial information, time schedules analysis and interviews with industrial insiders. An accountant who works in a technological company, described it as a “broad impressive badge problem.” Some talked about anonymity to discuss sensitive political issues.

Quartz also notes that the change of political change will become a loss of income for different positions:

Tax discounts for engineers, products and project managers, information scientists and even some user experience and marketing employees – all have reduced taxable revenues for the first year – now it should have been spread in five or 15 years.

The reality of the government’s Silicon Valley subsidy is especially mocked Rabid anti-government thoughts Currently in the industry. People like marc andreessen You will believe Despite a way to take place in the technical R & D, only R & D can be financed through private money. DOGE OF ELON MUSK, Meanwhile, recently attacked Many parts of the government responsible for helping companies such as own (TESLA) are blooming. It is a sign that America’s billionaires are so stingy that a gift in the mouth is a sign that they want to strike a horse and call victory.

Everyone in the Tech industry is a fool. At present, the government has many efforts to reset the R & D subsidy. This American Innovation and R & D Competitiveness LawBipartisan will restore the full flow of federal dollars for the needs of the technology, which is presented by a coalition of MPs. Last month, representatives of major technological companies reported reported Trump management, if the full tax subsidy does not return, the United States may be withdrawn from previous collateral.