Respectfully, a low corporate tax rate is great for small businesses and bad for big businesses. Small businesses and entrepreneurs still represent the vast majority of businesses in the US. Right now, big businesses spend money on teams of employees designed to lower their tax rate as low as possible (political lobbyists, accountants, tax lawyers, off shore bank accounts, etc) and the rate is so high that they make money off of those expensive teams that small businesses can not afford.

Just for ease of numbers, let's take an example of a big business at the current 35% rate:

• Big Boy Business with $1,000,000 in revenue
• $350,000 tax rate
• "Tax Dodging Team" costs $100k
• TDT lowers effective tax rate by 50% to $175k
• Overall Tax + TDT = $250k

Now, look at it at a 20% rate:

• Big Boy Business with $1,000,000 in revenue
• $200,000 tax rate
• "Tax Dodging Team" costs $100k
• TDT lowers effective tax rate by 50% to $100k
• Overall Tax + TDT = $200k

So why would they even bother if it's a wash at that rate? The lower the corporate tax rate, the less incentive you have to invest profits overseas or avoid paying the actual tax rate. I predict that this bill actually increases the income from corporate taxes since the incentive to dodge the taxes is minimized.