The House tax relief bill would generate $483 billion in revenue over a decade from additional growth — not nearly enough to pay for the $1.44 trillion cost, the Joint Committee on Taxation said Monday. That’s very similar to the JCT finding on the Senate tax bill, which they said would generate $458 billion in extra revenue relative to the legislation’s $1.41 trillion cost. A conference to reconcile the two chambers’ bills is set to start on Wednesday.
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