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Trump tax plan to rely on future U.S. growth to fund cuts: officials

April 20, 2017 9:09 PM
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Trump tax plan to rely on future U.S. growth to fund cuts: officials

WASHINGTON (Reuters) - U.S. President Donald Trump's tax reform plan will rely largely on future revenue gains from faster economic growth to justify major tax cuts, top Trump advisers said on Thursday.

As Trump's first 100 days in office draw to a close, the disclosure is the latest sign that the White House could part ways with congressional Republicans who want to pay for tax cuts by taxing imports and eliminating a business tax deduction for debt interest payments.

Also read: Trump goes big on tax reform

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