Topic - Jack Park

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  • As the Heritage Foundation's Jack Park explains, "When a carmaker or dealer, [or] a furniture company ... makes a loan to the buyer by selling over time, those loans are part of a related business, not a deductible business expense. In fact, those loans generally do not become deductible unless and until there is a default. Why shouldn't the trial lawyers wait until there is a default to deduct their loans like everyone else?"

    EDITORIAL: Pushback on trial-lawyer tax breaks →

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