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Moody's Talks - Inside Economics

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Tax Reforms and Budget Challenges

This chapter explores the proposed tax reforms and budget plans introduced by the House, particularly those influenced by the Trump administration. It discusses the implications of extending personal income tax brackets and various business tax provisions, as well as the complexities surrounding budget deficits. The chapter further delves into the historical context of tax policies, their economic impacts, and the challenges posed by future fiscal decisions.

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