As part of the TCJA, in an effort to encourage U.S. taxpayers to enhance manufacturing, production, intellectual property and similar activities in the U.S. rather than abroad, and to bring deferred offshore earnings back to the U.S., Congress lowered the corporate tax rate from 35% to 21%, introduced a 100% participation exemption deduction, introduced the global intangible low-taxed income tax, and introduced the foreign-derived intangible income deduction. True or False