Assume you are a CPA and are hired by an elected official to recommend changes t

Assume you are a CPA and are hired by an elected official to recommend changes to the current taxcode related to corporate taxes.Using the Internet or Strayer databases conduct research on the current congressional proposals relatedto federal corporate taxation.Write a four to six (4-6) page paper in which you:1. Based on your research assess which proposal you believe to be the most viable and financiallyattractive proposal for U.S. corporate taxpayers indicating how this proposal could beimplemented. Provide support for your rationale.2. Explore the impact to corporations and the US economy if U.S. companies could repatriateforeign profits earned without incurring a federal tax liability. Provide support for your rationale.3. Based on your research which corporate taxes would you propose to eliminate and why?4. Determine the impact positive or negative that your proposed eliminations would have oncorporations and the economy. Provide evidence to support your position.5. Propose an alternative tax method for corporations and demonstrate how your proposed changeswould be beneficial to corporate taxpayers compared to the current system for both corporationsand the economy. Provide support for your rationale.The specific course learning outcomes associated with this assignment are:? Create an approach to tax research that results in credible and current resources.? Use technology and information resources to research issues in organizational tax research andplanning.? Write clearly and concisely about organizational tax research and planning using proper writingmechanics.