💸 + 💰 The big tech story for the week was “Section 174”

Techmeme: President Trump signs the One Big Beautiful Bill, which allows immediate deduction of US software labor; foreign R&D still must be amortized over 15 years (KBKG)

From KBKG. View the full context on Techmeme.

While I don’t think that a regression to prior R&D related tax code will suddenly reverse software developer roster shrinkage — there will be an impact to offshore and nearshore software development companies. US company software related over-hiring is probably not going to happen (again?) as we are several years past ZIRP.