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January 2018 » U.S. Macro Outlook for Tax Reform
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Mark Zandi
The sweeping changes to the tax code passed by the Trump administration and the Republican Congress will significantly impact the near-term economic outlook. The $1.5 trillion, 10-year tax cut will juice up growth through the remainder of this decade but will result in meaningfully weaker growth at the start of the next decade. In the longer run, the tax cuts will add little to the economy, but will add significantly to the government's deficits and debt load.
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