Federal Tax Repeal Would Lose $71B In GDP, Study Says

By Matthew Villmer (November 14, 2013, 6:10 PM EST) -- Congress' consideration of a 28 percent cap on the value of both state and local tax deductions and the earned interest exclusion for municipal bonds would cut more than 417,000 jobs and slash $71 billion in real GDP over the next 10 years, according to a study by Moody's Analytics....

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