re: Latest on BAT & Tax Cut (Reform)

Remember I'm a simple guy. I read that editorial that equity financing would become less expensive than debt financing. Why I don't think so is that what was reported as proposed was eliminating interest deduction on capital expenditures, but allowing more aggressive depreciation over a shorter period. Actually I had thought the immediate deduction from capex in the year it was done. These reports were highly speculative, and also suggested carve outs for commercial real estate and banks for obvious reasons.

Also, if tax rates decrease overall, wouldn't the benefit of debt financing be reduced anyway?