By forcing software wages to be amortized over 5 years (15 for foreign devs), Section 174 has sapped cash flow, prompting layoffs and project cancellations totaling $3–4 M for some firms. Reinstating immediate expensing could unlock roughly $240 B in stuck deductions and supercharge R&D credits, materially bolstering hiring and keeping IP onshore. Has anyone modeled the macroeconomic gains of full expensing versus the budgetary trade-offs in the current $4.5 T tax proposal?