Second, companies would have less scope for deducting investment expenses, and hence might pare back capital spending.

其次，公司扣除投资费用的空间会变小，因此可能会削减资本支出。

But, before we pay our tax we can deduct our expenses — deduct — take away and expenses — the costs.

但是，在我们交税之前，我们可以扣除我们的花费——扣除——减去，以及花费——花销。