At an estimated projected revenue cost over 10 years of
$1.46 trillion, the reduction of the corporate income tax rate in the Tax Cuts
and Jobs Act, H.R. 1, is the bill's largest single item by forecast negative
effect to the federal budget, according to the Joint Committee on Taxation's
estimate (JCX-47-17). But the bill contains many other provisions that would
affect a large number of businesses, if enacted.
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