Something that doesn't get discussed often when there is an issue is a possible solution. We all just complain or make fun of those who lose out. But the issue here is that sudden changes are a problem. No company should face sudden unexpected tax changes. It creates an unstable business environment and owners cannot adequately plan for the future. Congress needs to extend this write-off for a few years and make it clear that it will not be available in the future. They cannot leave it as a "maybe" situation.
I have personal opinions on this matter that are irrelevant. What matters for the future is how this affects the U.S. competitive advantage with technology, and how this affects the job market. If the impact is significant, Congress needs to act. If not, i.e. if only a few smaller companies are affected, then nothing will change and everyone needs to adjust.
To be clear, its not a sudden change. It's been written into the law since 2017 that it was sunsetting.
People incorrectly assumed that Congress would extend or repeal the sunset. But its not like the tax law was changed on Dec 30th and put into effect on the 31st.
I have personal opinions on this matter that are irrelevant. What matters for the future is how this affects the U.S. competitive advantage with technology, and how this affects the job market. If the impact is significant, Congress needs to act. If not, i.e. if only a few smaller companies are affected, then nothing will change and everyone needs to adjust.