If enacted, those prospective changes undoubtedly will affect many more companies than the one-time 14% tax on companies’ accumulated foreign earnings and the 19% minimum tax on overseas earnings do, which are two of the proposals that have been the subject of most comments. The third proposal, which would reduce the top corporate income tax rate from 35% to 28% for most companies and to 25% for manufacturers, would affect companies of all sizes.    

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