Question
Read House Tax Plan May Shift Use of Corporate Debt and write a short paper about how the changes in presidential and congressional leadership cause
Read House Tax Plan May Shift Use of Corporate Debt 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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