As the border adjusted tax (BAT) is no longer on the table as part of tax reform, and given that it was planned to be a major revenue generator, the question now surrounds the expected effect on tax cuts.  

In light of reduced revenue in the absence of the BAT, will the outcome be a higher than hoped for corporate tax rate, of say 27%, to ensure the cuts are permanent, or will lower rates be targeted to create a deficit and thus result in temporary tax cuts?