The 140 US Companies With Stock Market Caps of $10-15 Bil Posted Total Worldwide Consolidated Income Tax Rate Paid For the Most Recent 3 Years of 32.0%, Substantially Higher Than the 24.6% For That of the 45 US Largest Companies With Stock Market Caps Above $100 Bil .................................................................................... Trump Reacts to This Huge Difference in Effective Tax Rates Between the Largest US Companies and the Smaller US Companies By Doubling Down and Even Expanding Further This Effective Income Tax Rate Paid Differential in His Trump Tax Bill Which Clearly Favors the Largest, Most Profitable US Corps Over the Smaller, Less Profitable US Companies .................................................................................... In So Many Ways, the Trump Tax Proposal is Targeted at the Very Largest, Most Profitable US Corporations, Leaving All the Other US Companies in the Dust, Unable to Compete With the Very Largest, Most Profitable US Corps ....................................................................................... The 43% Drop in the Statutory US Corporate Rate From 35% to 20%, the Huge First Year Bonus Tax Depreciation For Five Years, the Substantial Reduction in the Existing Deferred Federal Income Tax Liabilities/Assets On the Books Now at 35%, the Magnitude of Cumulative Foreign Earnings That Can Be Cheaply Repatriated and the Switch to the Territorial Tax System Are Just Five of the Many Trump Tax Bill Provisions Which Disproportionately Help the Most Profitable US Corps Over All Other US Companies of All Sizes: The Very Largest, Most Profitable US Corps Are Substantially More Likely To Get Much More of These Tax Benefits Included in the Trump Tax Proposal Than All Other US Companies ....................................................................................... It is a Clear Trump Tax Bill Proposal Strategy of Substantially Expanding Income Inequality of US Companies in the Corporate World, Just Like This Trump Tax Proposal Also Substantially Expands US Citizen Income Inequality ....................................................................................... A Much Fairer and Effective Way To Do Corporate and Pass Thru Businesses Tax Reform Would Be To Have A Progressive Income Tax Rate Structure Which Would Help Struggling Smaller, Less Profitable US Corps and Pass Thru Businesses Be Able To Better Compete With the Larger, More Profitable Giant US Corps and Large Pass Thru Business Entities

Based on a review of their audited annual financial statements and income tax footnotes filed with the SEC, below is the Worldwide Consolidated Income Tax Paid and the related Worldwide Consolidated Pretax Income Fom Continuing Operations for the most recent three years for the 140 US Companies all with Stock Market Caps very recently of between $10 Bil and $15 Bil, shown in Stock Market Cap order:

										Total
										3 Years	Total		3 Years
	2016			2015			2014			2014-16	3 Years		2014-16
	WW	2016		WW	2015		WW	2014		WW	2014-16		WW
	Income	WW		Income	WW		Income	WW		Income	WW		Effective
US Companies	Tax	Pretax		Tax	Pretax		Tax	Pretax		Tax	Pretax		Income
Stock Mkt Caps of $10-15 Bil	Paid	Income		Paid	Income		Paid	Income		Paid	Income		Rate Paid
	mils $s	mils $s		mils $s	mils $s		mils $s	mils $s		mils $s	mils $s		mils $s
FirstEnergy	8	(9,232)		31	893		(204)	171		(165)	(8,168)		NM
Conagra Brands	215	801		246	175		215	664		676	1,640		41.2%
L Brands	428	1,696		670	1,934		544	1,636		1,642	5,266		31.2%
Invesco Ltd	323	1,207		406	1,362		420	1,395		1,149	3,964		29.0%
CNA Financial	142	1,137		220	549		318	1,207		680	2,893		23.5%
CenturyLink	388	1,020		84	1,316		47	1,110		519	3,446		15.1%
Celanese	38	1,030		180	488		164	941		382	2,459		15.5%
Vornado Realty Trust	8	983		(85)	722		(9)	433		(86)	2,138		-4.0%
CBRE Group	288	881		331	880		280	777		899	2,538		35.4%
Biomarin Pharmaceuticals	27	(831)		94	(155)		35	(125)		156	(1,111)		NM
Fastenal	265	790		302	826		292	787		859	2,403		35.7%
Lennar	320	1,330		396	1,210		258	970		974	3,510		27.7%
Host Hotels & Resorts	13	811		4	574		15	755		32	2,140		1.5%
TransDigm Group	210	837		176	768		189	637		575	2,242		25.6%
Textron	(15)	876		269	971		267	853		521	2,700		19.3%
Campbell Soup	313	1,293		316	849		332	949		961	3,091		31.1%
Comerica	244	670		300	750		147	870		691	2,290		30.2%
CMS Energy	9	826		24	796		24	729		57	2,351		2.4%
CBOE Global Markets	130	307		127	324		120	310		377	941		40.1%
Ball Corp	167	125		109	346		138	646		414	1,117		37.1%
Hess	32	(3,854)		(64)	(4,258)		509	2,436		477	(5,676)		NM
Palo Alto Networks	24	(194)		22	(172)		13	(122)		59	(488)		NM
Annaly Capital Mgt	(2)	1,431		(2)	464		5	(837)		1	1,058		0.1%
CA Inc	319	1,073		430	1,084		377	1,115		1,126	3,272		34.4%
Total Systems Services	154	461		153	497		139	393		446	1,351		33.0%
Altice USA	4	(1,091)								4	(1,091)		NM
IDEXX Laboratories	79	322		76	273		65	247		220	842		26.1%
Synopsys	77	330		19	282		27	272		123	884		13.9%
Equifax	246	728		231	637		210	574		687	1,939		35.4%
Cabot Oil & Gas	(12)	(660)		(0)	(187)		41	32		29	(815)		NM
Nielsen Holdings plc	221	816		170	961		131	621		522	2,398		21.8%
Ulta Beauty	219	656		182	507		145	411		546	1,574		34.7%
Take-Two Interactive	9	77		(30)	(38)		4	(273)		(17)	(234)		NM
United Rentals	220	909		42	963		49	850		311	2,722		11.4%
Citrix Systems	122	617		82	312		61	276		265	1,205		22.0%
Vantiv	62	423		33	297		34	235		129	955		13.5%
McCormick & Co	193	589		130	496		140	554		463	1,639		28.2%
Eastman Chemical	13	1,049		168	1,129		136	990		317	3,168		10.0%
Genuine Parts	354	1,074		383	1,124		352	1,118		1,089	3,316		32.8%
JM Smucker	377	878		384	978		170	523		931	2,379		39.1%
Nasdaq Inc	164	136		217	630		187	594		568	1,360		41.8%
IPG Photonics	119	367		107	342		86	284		312	993		31.4%
Masco	166	830		93	689		71	507		330	2,026		16.3%
Alnylam Pharmaceuticals	-	(410)		-	(290)		-	(401)		-	(1,101)		NM
Martin Marietta Materials	114	607		39	414		47	249		200	1,270		15.7%
Cadence Design Systems	39	237		14	268		4	181		57	686		8.3%
Ansys	126	380		120	357		112	348		358	1,085		33.0%
Center Point Energy	41	686		(25)	(1,130)		(6)	885		10	441		2.3%
Quest Diagnostics	392	1,086		261	1,103		241	823		894	3,012		29.7%
NVR Inc	248	662		217	603		177	454		642	1,719		37.3%
Arch Capital Group Ltd	51	856		44	567		31	844		126	2,267		5.6%
Norwegian Cruise Lines	11	640		6	434		(6)	340		11	1,414		0.8%
Pentair plc	126	561		118	513		137	471		381	1,545		24.7%
Noble Energy	197	(1,772)		106	(2,219)		228	1,710		531	(2,281)		NM
Raymond James Financial	301	928		330	812		319	815		950	2,555		37.2%
Alliance Data Systems	350	837		448	932		335	838		1,133	2,607		43.5%
HCP Inc	18	367		8	136		4	274		30	777		3.9%
Cognex	22	169		22	127		24	132		68	428		15.9%
E*Trade Financial Group	5	838		(5)	91		4	452		4	1,381		0.3%
Unum Group	386	1,348		342	1,238		136	542		864	3,128		27.6%
Marathon Oil Corp	94	(1,235)		52	(2,958)		304	1,361		450	(2,832)		NM
Westlake Chemical	38	558		259	963		340	1,084		637	2,605		24.5%
Xylem	66	340		72	403		113	421		251	1,164		21.6%
CarMax	377	1,006		369	1,010		376	969		1,122	2,985		37.6%
Perrigo Co plc	121	(4,848)		149	260		103	304		373	(4,284)		NM
National Oilwell Varco	(9)	(2,623)		436	(589)		1,339	3,494		1,766	282		626.2%
Intl Flavors & Fragrances	104	524		107	539		111	549		322	1,612		20.0%
Cincinnati Financial	183	812		231	881		159	721		573	2,414		23.7%
Teleflex	36	246		51	245		45	220		132	711		18.6%
Lear	267	1,338		237	1,032		179	787		683	3,157		21.6%
ResMed	81	419		88	440		80	436		249	1,295		19.2%
W W Grainger	374	1,019		487	1,251		528	1,334		1,389	3,604		38.5%
Alexandria Real Estate Equities	-	(50)		-	146		-	99		-	195		0.0%
Gap Inc	502	1,124		450	1,471		676	2,013		1,628	4,608		35.3%
Arthur J Gallagher & Co	77	357		86	294		89	292		252	943		26.7%
Whirlpool	208	1,114		289	1,031		187	881		684	3,026		22.6%
LKQ Corp	232	677		197	649		198	588		627	1,914		32.8%
Invitation Homes	-	(78)		-	(160)		-	(270)		-	(508)		NM
Cooper Companies	31	296		5	215		41	297		77	808		9.5%
Garmin Ltd	118	630		114	567		274	724		506	1,921		26.3%
Ally Financial	17	1,581		9	1,393		10	1,246		36	4,220		0.9%
Tiffany	184	677		248	710		216	738		648	2,125		30.5%
Mid-America Apartment Communities	2	226		2	352		2	147		6	725		0.8%
Hasbro	160	692		176	604		136	540		472	1,836		25.7%
SVB Financial Group	255	641		242	604		226	662		723	1,907		37.9%
Arconic	134	414		114	183		71	113		319	710		44.9%
MSCI Inc	142	386		130	350		117	308		389	1,044		37.3%
J B Hunt Transport Services	213	696		183	690		150	605		546	1,991		27.4%
Seagate Technology plc	40	815		28	274		226	1,970		294	3,059		9.6%
Regency Centers Corp	-	167		-	153		(1)	188		(1)	508		-0.2%
Tapestry Inc	90	759		218	627		188	612		496	1,998		24.8%
VeriSign	54	581		31	488		74	483		159	1,552		10.2%
BorgWarner	295	191		257	927		250	980		802	2,098		38.2%
Marvell Technology Group Ltd	28	117		5	(758)		9	480		42	(161)		NM
Church & Dwight	222	706		201	635		198	625		621	1,966		31.6%
Splunk	6	(350)		3	(287)		3	(215)		12	(852)		NM
C H Robinson Worldwide	284	812		330	823		277	723		891	2,358		37.8%
Cheniere Energy Inc	-	(663)		2	(1,097)		4	(688)		6	(2,448)		NM
Viacom	467	2,212		265	1,990		583	2,503		1,315	6,705		19.6%
Hologic	768	1,231		240	415		194	177		1,202	1,823		65.9%
Wyndham Worldwide	235	940		264	916		269	845		768	2,701		28.4%
CoStar Group	28	137		12	3		36	71		76	211		36.0%
Kansas City Southern	78	663		52	673		69	713		199	2,049		9.7%
Henry Schein	255	756		218	721		217	709		690	2,186		31.6%
Fidelity National Financial	392	1,072		290	867		312	392		994	2,331		42.6%
Autoliv	267	804		242	676		199	667		708	2,147		33.0%
IAC/InterActive	54	(81)		89	143		(41)	270		102	332		30.7%
SEI Investments	174	508		173	500		169	490		516	1,498		34.4%
Affiliated Managers Group	165	975		162	1,091		176	1,014		503	3,080		16.3%
Huntington Ingalls Industries	134	784		242	632		191	507		567	1,923		29.5%
Expeditors Intl of Washington	238	687		259	737		238	611		735	2,035		36.1%
Cimarex Energy	(1)	(623)		15	(4,051)		0	836		14	(3,838)		NM
Iron Mountain	95	147		45	162		174	223		314	532		59.0%
Gartner	97	288		82	272		71	275		250	835		29.9%
Advanced Micro Devices	19	(448)		15	(646)		5	(398)		39	(1,492)		NM
Extra Space Storage	17	331		5	205		5	189		27	725		3.7%
DaVita	388	1,489		215	723		221	1,310		824	3,522		23.4%
A O Smith	121	463		120	403		82	287		323	1,153		28.0%
Trimble	66	177		79	152		79	266		224	595		37.6%
Packaging Corp of America	243	689		226	665		219	614		688	1,968		35.0%
PVH Corp	124	674		84	648		(16)	391		192	1,713		11.2%
CDW Corp	347	672		297	647		232	388		876	1,707		51.3%
Diamondback Energy	-	(165)		-	(749)		-	305		-	(609)		NM
Juniper Networks	178	827		241	852		229	(86)		648	1,593		40.7%
UDR Inc	-	106		1	102		1	1		2	209		1.0%
Broadridge Financial Solutions	176	488		167	469		151	439		494	1,396		35.4%
Liberty Interactive QVC Group	125	1,852		288	816		297	775		710	3,443		20.6%
Scripps Networks InterActive	441	1,278		371	1,122		302	1,028		1,114	3,428		32.5%
Reinsurance Group of America	49	1,044		94	745		154	1,009		297	2,798		10.6%
Aramark	184	521		90	431		109	342		383	1,294		29.6%
Alliant Energy	(25)	443		(44)	461		(11)	440		(80)	1,344		-6.0%
Duke Realty	(1)	313		(4)	185		(1)	215		(6)	713		-0.8%
Old Dominion Freight Lines	147	478		142	490		139	433		428	1,401		30.5%
Darden Restaurants	184	637		94	450		(14)	175		264	1,262		20.9%
TransUnion	96	205		29	27		23	(2)		148	230		64.3%
Pinnacle West Capital	10	698		(8)	694		35	644		37	2,036		1.8%
IDEX Corp	115	369		110	392		122	392		347	1,153		30.1%
Torchmark	133	772		174	766		169	785		476	2,323		20.5%
Qorvo Inc	72	27		38	(3)		35	121		145	145		100.0%
Varian Medical Systems	105	345		140	441		83	401		328	1,187		27.6%
Total all 140	20,894	56,403		20,543	57,140		21,136	82,060		62,573	195,603		32.0%
Annual WW Income Tax Rate Paid	37.0%			36.0%			25.8%