Alexander Lee, Alejandro Ruiz and Timothy Shuman wrote this bylined on how the new tax bill’s corporate tax rate cut will impact M&A. “Until an actual rate cut is passed, M&A activity may be chilled in the short term because parties will be hesitant to trigger a tax bill today that could be lower tomorrow if they wait,” the authors wrote. “This is particularly true if the Senate’s one-year delay in the corporate rate cut is passed, giving companies a strong reason to wait until 2019 before closing deals.”