Sorry, but I meant to respond to this and forgot.
I think you might be right to be concerned:
The corporate income tax – the source of endless waste and fraud in our tax system – will be eliminated. No longer will American businesses face the highest top tax rate, 35 percent, in the developed world. The trend of American companies and jobs moving off-shore will stop. Instead, all companies will pay a simple, low rate Business Flat Tax of 16 percent. The tax will be based on revenues minus expenses such as equipment, computers, and other business investments.
If payroll isn't included in "expenses", this would be a killer for labor-intensive businesses, and be enough to push them over into no longer being profitable/viable. And, that would be the end of those jobs.
Yeah. Scary. Glad I’m in the process of retiring.