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Tax reform could raise taxes on middle-class homeowners

May 23, 2017

The Trump administration has promised sweeping tax breaks and increased defense and infrastructure spending — pledges that some analysts worry could drive up the national debt sharply. Rumors earlier in 2017 anticipated the possibility of President Donald Trump attempting to tie infrastructure and tax reform together in order to advance both plans through Congress.

However, the outline of the plan, unveiled in late April, called for a repatriation of corporate earnings from abroad but included no mention of infrastructure spending.

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