President Trump and his administration passed a new tax law called the Tax Cuts and Jobs Act of 2017. List and explain the provisions of this law. Then give your thoughts on the following:

1. Discuss the potential impact of this law on the economy. In theory (in a world without Covid-19), do you think this type of regulation would have stimulated or depressed the economy? Make arguments on both side and provide references to support your theories.
2. Discuss the impact of this tax law on capital budgeting decisions. (Be specific and provide references.)
3. President Biden recently signed the Inflation Reduction Act of 2022. Discuss the tax implications of this act. Be specific and provide a live link to your source(s). What impact do you anticipate this act having on the economy?