The Tax Cuts and Jobs Act (TCJA) enacted in December 2017 will limit the deductibility of business interest expense to 30% of adjusted taxable income (ATI) beginning in 2022. This article uses earnings before interest and taxes (EBIT) as a proxy for ATI to examines how this bill will have an...

We examine senators’ electronically filed stock transactions between 2012 and 2019 to assess the extent of politician’s insider trading. Our results suggest that senators use inside political information when investing and earn significant market-adjusted returns. To extend traditional...