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Read First Look at the Tax Cuts and Jobs Act of 2017 and write a...

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Accounting

Read First Look at the Tax Cuts and Jobs Act of 2017 and write a short paper about how the changes in presidential and congressional leadership cause changes to the tax code. Do you agree or disagree with the changes to the deductibility of interest and changes in expenditures of capital assets? How do you think this will affect certain industries that borrow quite a bit, such as banks and financial institutions? Reference the current tax code sections that will be affected by these potential changes.

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