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Why AI Layoffs Aren't Just About AI: A Deep Dive into Tax Code Section 174
For a while now, AI and tech headlines have been dominated by layoffs and market shifts. But what if a crucial, yet often overlooked, factor was at play? I'm experimenting with a new narrative style in this video to break down Section 174 of the US tax code. Discover how changes to this R&D deduction policy, from its inception in 1954 to the impactful 2017 Tax Cuts and Jobs Act, quietly impacted everything from startup funding to the massive tech layoffs we've seen. We'll also cover the breaking news of its recent reversal on July 4th, 2025, and what that means for the future of innovation in the US.
#AILayoffs #TaxCode #Section174 #RDTaxCredit #TechLayoffs
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By Alec HarrisonFor a while now, AI and tech headlines have been dominated by layoffs and market shifts. But what if a crucial, yet often overlooked, factor was at play? I'm experimenting with a new narrative style in this video to break down Section 174 of the US tax code. Discover how changes to this R&D deduction policy, from its inception in 1954 to the impactful 2017 Tax Cuts and Jobs Act, quietly impacted everything from startup funding to the massive tech layoffs we've seen. We'll also cover the breaking news of its recent reversal on July 4th, 2025, and what that means for the future of innovation in the US.
#AILayoffs #TaxCode #Section174 #RDTaxCredit #TechLayoffs