“Very likely.” Also:
The U.S. will move from a worldwide system of taxation to a territorial system, where American companies earning abroad may be repatriated without penalty. (There will be a one-time hit on corporate earnings now overseas of roughly 3 percent for fixed investment and 8 percent for cash. This will allow more than $2 trillion to return to the U.S. in a tsunami of domestic investment.
This tax bill does not need and will probably not receive any votes from Democrats because the tax bill will be passed within “reconciliation,” allowing it to avoid filibuster. It needs only 50 Republican votes in the Senate, with the vice president casting the tie-breaking vote — and it should drop within the next three months.