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House tax bill boosts deficit $2.8T, CBO analysis shows

Accounting Today

percentage point higher over the decade to 2034 as a result of the Houses tax and spending package. While Republicans have argued their bill would stoke the economy, the CBO sees a marginal impact. Average annual growth would be 0.04 Thats on top of the CBOs baseline of about 1.8% GDP growth over that period.

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