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

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).

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My understanding is that this provision was originally enacted by Republicans during Trump's first term, so it follows Trump's practice of fixing things he was the one to break in the first place and attempting to claim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

My understanding is that this provision was originally enacted by Republicans during Trump's first term, so it follows Trump's practice of fixing things he was the one to break in the first place and attempting to claim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