alt Hacker NewsIt 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.
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ivewonyoung • yesterday at 2:19 AM
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.
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...