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Economic growth to partially offset deficit impact of U.S. tax plan: JCT
November 30, 2017 / 10:49 PM / 13 days ago

Economic growth to partially offset deficit impact of U.S. tax plan: JCT

WASHINGTON (Reuters) - The Republican tax bill would generate a net $407 billion in new revenue from economic growth, reducing the amount that the legislation would add to the federal deficit, the nonpartisan Joint Committee on Taxation said on Thursday.

Reporting by Amanda Becker and David Morgan; Editing by Nick Zieminski

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