Companies would enjoy a bounty from permanently lower tax rates. The House version of the tax bill had initially scrapped access to this form of debt by sports teams, a provision that drew objections from the NFL. ———TAX LAWYERSRather than close loopholes, the tax bill appears to create more of them. But under the tax bill, they will lose the financial incentive to do so. Congress could decide years from now to extend the lower tax rates.

Source: ABC News December 16, 2017 20:48 UTC