The changes made by the Tax Cut and Jobs Act, 2017 to the tax provisions changed the tax rate for 2018.

Instructions:

Review the Act and address the questions below. Your responses need to be supported by relevant well-researched facts.

1. WhatwerethemajorchangesmadetotaxprovisionsbytheAct?

2. WhatimpactdoesitcurrentlyhaveonourGDPandgovernment’sbudget?

3. Howhavethechangesintaxesaffectedyoupersonally?Ifyoufeelthatithasnot

   affected you personally, please state that in your response and explain why.

4. Whobenefitsfromthechangesintaxprovisions?Doesitfavoronegroupover

   another?

5. Whatchangesdoyouagreeanddisagreewith?Inyourownopinion,ifyouhad

   the power to revise the Act, what changes would you make?

Requirements: