Trump is likely to settle for a moderate reduction in corporate tax rates in 2017 rather than a full redo of the tax code.

This prediction is judged at 31 December 2017 against what tax legislation was enacted in 2017. TRUE: a corporate tax rate reduction was enacted in 2017 that was moderate (a few points, for example to around 25-30%), without a comprehensive overhaul of the tax code. MOSTLY TRUE: a corporate cut limited mainly to business taxes was enacted in 2017, but it was larger than 'moderate', or it came with only modest other changes. MOSTLY FALSE: a corporate rate cut was enacted in 2017, but it was large (more than about 10 points) and part of a broad individual-and-business overhaul, which is closer to the 'full redo' the prediction said would be abandoned. FALSE: no corporate tax rate reduction was enacted in 2017.

Set before the research began.

1. E1 [XML] https://www.congress.gov/115/plaws/publ97/PLAW-115publ97_uslm ... Congress.gov / U.S. Government Publishing Office (Public Law 115-97) · 22 December 2017

   “PUBLIC LAW 115–97—DEC. 22, 2017”

2. E2 AP sources: House, Senate leaders reach deal on tax package WJLA (Associated Press) · 13 December 2017

   “Negotiators also agreed to set the corporate income tax rate at 21 percent. Both the House bill and the Senate bill would have lowered the corporate rate from 35 percent to 20 percent.”

3. E3 AP sources: House, Senate leaders reach deal on tax package WJLA (Associated Press) · 13 December 2017

   “House and Senate GOP leaders forged an agreement Wednesday on a sweeping overhaul of the nation's tax laws, paving the way for final votes next week to slash taxes for businesses, give many Americans modest cuts”

4. E4 Senate Republicans pass massive tax overhaul WHYY (republishing NPR) · 1 December 2017

   “The legislation, which would cut the top corporate tax rate to 20 percent and lower taxes for most individuals, narrowly passed in a vote of 51-49.”

E1 shows a federal tax law, Public Law 115-97, was enacted on December 22, 2017. AP's report on the final House-Senate deal says it set the corporate rate at 21 percent, down from 35 percent (E2), a cut of about 14 points, and calls the package a sweeping overhaul that cut business taxes and also gave individuals modest cuts (E3). NPR also describes the Senate bill as lowering taxes for most individuals (E4). That is a large corporate cut inside a broad individual-and-business overhaul, which matches the "mostly false" criterion rather than the moderate, limited cut the prediction described.