u/FakeExpert1973 wrote (the comment Michael replied to):
This was a YT video I came across from an industry insider and his views on where the SWE sector is heading towards. Curious to know if you're witnessing the same thing https://www.youtube.com/watch?v=dEPjGUbfOB4&t=0s
u/michaelnovati replied · ★ FEATURED
It's hard to say. Tax credits mean you were paying the taxes to begin with so they eat into profits more than they do to practical impact (for super high profit companies). As long as Wall Street adjusts their modelling and the companies remain insanely profitable, things should be fine.
But companies that are smaller and rely on the credits might hold back and I don't know what that will mean for them.... maybe the Reich get richer and jobs concentrate at FAANGs?