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August 15, 2021

ECO202-Microeconomics

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.

WhatwerethemajorchangesmadetotaxprovisionsbytheAct?
WhatimpactdoesitcurrentlyhaveonourGDPandgovernment’sbudget?
Howhavethechangesintaxesaffectedyoupersonally?Ifyoufeelthatithasnot

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

another?
Whatchangesdoyouagreeanddisagreewith?Inyourownopinion,ifyouhad

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

Requirements:

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