Since you mention it — this has nothing to do with fang and was entirely about “paying for” trumps 2017 business tax cut as it was scored by the cbo. As a tax attorney I’m sure you realize the section 174 changes impact business activities beyond what’s allowed under the r&d tax credit.
I’ll be candid, your brevity and snark sort of make you look like an ahole here.
While the section 174 changes also effect other industries that embraced tech-style accounting (mostly biotech), they generally had minimal impact on other industries because most other industries already capitalized IP derived from R&D...which is why there hasn't been any impetus to eliminate this change.
And quite frankly, many of my non-tech clients were pretty happy that the playing field was finally leveled for tech companies. The abuse of the R&D loophole let tech companies invade other industries for the worse.
I’ll be candid, your brevity and snark sort of make you look like an ahole here.
Brevity is a virtue. And your response was snarkier and ruder than my reply to your comment.
You can thank FAANG for its abuses of the R&D deduction for these changes.