<Li> The pass through changes represent a net $265 billion deficit increase, so the remaining individual elements are a net $862 billion increase . </Li> <P> Business / Corporate and International (total: $330 billion deficit increase) </P> <Ul> <Li> Add to the deficit: Reduce corporate tax rate to 21% $1,349 billion; deductions for certain international dividends received $224 billion; repeal corporate AMT $40 billion . </Li> <Li> Reduce the deficit: Enact one - time tax on overseas earnings $338 billion; and reduce limit on interest expense deductions $253 billion . </Li> </Ul> <Li> Add to the deficit: Reduce corporate tax rate to 21% $1,349 billion; deductions for certain international dividends received $224 billion; repeal corporate AMT $40 billion . </Li>

When do the corporate tax cuts go into effect