Page 43 JCT memo on reducing corporate rate Thus, reducing the statutory corporate rate from 35% to 25% requires base broadening of up to $1.2 trillion/10 years Roughly, a 1%-point reduction in the US corporate tax rate costs $100 billion- $110 billion/10 years $650 billion derived from repealing expenditures for manufacturers: accelerated depreciation and domestic production activities deduction October 2011 JCT Memo to Rep.
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