Question: Complete the paragraph below to answer the following question, Why do you think the QBI deduction is limited to earnings from a business conducted in

Complete the paragraph below to answer the following question,

"Why do you think the QBI deduction is limited to earnings from a business conducted in the United States and doesn't also include business income from a foreign business activity?

A possible reason may be that most businesses ________ (worldwide/in the US) operate as sole proprietorships, partnerships, or S corporations, rather than as C corporations and Congress needed a means of reducing the taxes on businesses that operate in different business forms. Also, a primary goal for tax reform in 2017 was to ______ (lower/raise) the Federal income tax rate for C corporations, improving the ____________ (investment overseas/international competitiveness) of U.S. corporations and attracting investment ________ (overseas/in the US) from non-U.S. multinational corporations.

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