OBBB signed: Reinstates immediate expensing for U.S.-based R&D - https://news.ycombinator.com/item?id=44469124 - July 2025 (370 comments) [15 year amortization required for international R&D]
No, Chinese will stay home instead of immigrating to the US.
China draws mainly on the talents of the best of its billion+ population. But America has had its pick of the best of the world's 8 billion people. If people stop immigrating to the US, then we will surely fall behind technologically, economically and militarily, and soon we will be making t-shirts for Chinese for $5 an hour.
If an H1B worker "leaves after a month" they get deported. Meanwhile, nothing in the world can prevent the Bus Factor so I don't see how that's even relevant.
Wasn’t that already effectively put in place with the changes to the exemptions on how R&D is treated for tax purposes? (I’m not in the US so this may have evolved now, I’m not sure.)