> The other side did have 4 years to fix it, though.
They did try, incorporating some relief into a bill in 2021, however:
> In the House version of the Build Back Better Act passed in November 2021, the effective date for the amendment made by the TCJA to Section 174 was delayed until tax years beginning after December 31, 2025. While this specific provision of the bill enjoyed broad bipartisan support, comments made by Senator Joe Manchin (D-W.V.) in late December indicating his opposition to the bill effectively stalled progress on the Build Back Better Act, making the path forward on legislation unclear.
That bill did narrowly survive, but only in a stripped-down form with that Section-174 provision removed to satisfy the Senate fence-sitters. Manchin later left the Democratic party.
They did try, incorporating some relief into a bill in 2021, however:
> In the House version of the Build Back Better Act passed in November 2021, the effective date for the amendment made by the TCJA to Section 174 was delayed until tax years beginning after December 31, 2025. While this specific provision of the bill enjoyed broad bipartisan support, comments made by Senator Joe Manchin (D-W.V.) in late December indicating his opposition to the bill effectively stalled progress on the Build Back Better Act, making the path forward on legislation unclear.
-- https://www.bdo.com/insights/tax/significant-change-to-the-t...
That bill did narrowly survive, but only in a stripped-down form with that Section-174 provision removed to satisfy the Senate fence-sitters. Manchin later left the Democratic party.