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2017 Tax Reform for Economic Growth and American Jobs

The White House released a one page document pertaining to the new tax reform plan. The the only official document currently available – not including news articles reporting on the plan, is a photograph of the White House document, via @ZekeJMiller.

  • See Tax Policy Center analysis – Trump’s Familiar Tax Plan Would Add Trillions To The Debt
  • The New York Times – White House Proposes Slashing Tax Rates, Significantly Aiding Wealthy – “President Trump on Wednesday proposed sharp reductions in both individual and corporate income tax rates, and also called for the elimination of most itemized tax deductions.”
  • Fiscal FactCheck: How Much Will Trump’s Tax Plan Cost?  “The White House released principles and a framework for tax reform today. We applaud the President’s focus on tax reform, but the plan includes far more detail on how the Administration would cut taxes than on how they would pay for those cuts. Based on what we know so far, the plan could cost $3 to $7 trillion over a decade– our base-case estimate is $5.5 trillion in revenue loss over a decade. Without adequate offsets, tax reform could drive up the federal debt, harming economic growth instead of boosting it.”

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