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【Opinion: Trump'S Tax Cuts May Not Boost U.S. Economic Growth】 December 13, The Latest Analysis Of The Nonpartisan Fiscal Watchdog Group "Responsible Federal Budget Committee" (Crfb) Warned That Extending The Tax Cuts That Will Expire Next Year Will Do Little To Help Economic Growth.Crfb'S Findings Are Based On An Assessment By The Congressional Budget Office That Letting The Tax Cuts Expire Will Significantly Increase Public Fiscal Revenue And Reduce The Cumulative Fiscal Deficit By $3.7 Trillion Over A Decade. These Potential Revenue Increases Will Mean Less Public Borrowing, Which Will Stimulate Private Investment.In The Analysis Of The Congressional Budget Office, This Will Help Make Up For The Reduction In The Labor Force Caused By The Expiration Of The Tax Cuts. The Congressional Budget Office Said: "Overall, The Two Effects Largely Offset Each Other, Resulting In Very Small Changes In Gross Domestic Product (GDP)."This Means That, In The View Of The Crfb, Extending The Tax Cuts Will Also Have A Similar, Moderate Net Effect On Economic Growth
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