Adam Looney, a senior fellow in Economic Studies and former deputy assistant secretary for tax analysis at the U.S. Treasury Department, discusses the good, the bad, and the ugly parts of the recently passed Tax Cuts and Jobs Act, and explains the implications it will have on pass-through businesses, individual and corporate tax rates, and more. Also in this episode, Jenny Schuetz, David M. Rubenstein Fellow in the Metropolitan Policy Program, explains in our latest Metro Lens segment how a provision in the new tax plan which lowers the mortgage interest deduction amount could affect home values and potential home owners.  Subscribe to Brookings podcasts here or on Apple Podcasts, send feedback email to BCP@Brookings.edu, and follow us and tweet us at @policypodcasts on Twitter. The Brookings Cafeteria is a part of the Brookings Podcast Network.