Moody’s Analytics chief economist: Why the Republican tax plan is set up to fail

YahooFinance/Mark Zandi/10-23-17

The Trump administration and Republican Congressional leadership want to go big on tax reform. They have proposed a broad set of changes to the corporate and personal income tax codes, including tax cuts and revenue raisers.

While the proposal is light on many important details, taken in total, it would not add significantly to economic growth, but it would add significantly to future budget deficits and the nation’s debt load.

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