Adam Looney, a senior fellow in Economic Studies and former deputy assistant secretary for tax analysis at the U.S. Treasury Department, discusses the good, the bad, and the ugly parts of the recently passed Tax Cuts and Jobs Act, which President Donald Trump signed into law on December 22, and explains the implications it will have on pass-through businesses, individual and corporate tax rates, and more.
Also in this episode, Jenny Schuetz, David M. Rubenstein Fellow in the Metropolitan Policy Program, explains in our latest Metro Lens segment how a provision in the new tax plan which lowers the mortgage interest deduction amount could affect home values and potential home owners.
Thanks to audio producer Gaston Reboredo with assistance from Mark Hoelscher, and to producer Brennan Hoban. Additional support comes from Chris McKenna, Jessica Pavone, Eric Abalahin, Rebecca Viser, and David Nassar.
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