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Eric Davis: GOP tax plan faces many hurdles

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Posted on November 16, 2017 |
By Eric L. Davis



President Trump and the Republican congressional leadership desperately want to pass a tax bill before the end of 2017, but there are many legislative hurdles along the way to that goal.

Trump believes that large tax cuts for corporations and wealthy individuals will result in faster economic and job growth, higher wages for many Americans, and a continuation of the stock market rally that has become his measure of popular support in the face of low approval ratings in public opinion polls.

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