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Congress recently passed the Tax Cuts and Jobs Act (TCJA). What is the goal (at...

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Accounting

Congress recently passed the Tax Cuts and Jobs Act (TCJA). What is the goal (at least stated goal) of the TCJA? Who is supposed to benefit? Focusing on the business taxes, what are the primary features of the TCJA? Will the TCJA make U.S. businesses more competitive? Why or why not? What are most corporations doing with their tax savings (cite some evidence)? Does anyone lose from the TCJA? If so, who and why?

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