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President Donald Trump has promised a "massive" tax cut for Americans.That's because the border tax that House Speaker Paul Ryan has proposed would generate more than $1 trillion in revenue over a decade, helping to pay for individual and corporate rate cuts.Treasury Secretary Steven Mnuchin Saturday repeated the administration's goal of getting "sustainable" economic growth of 3 percent or higher, and said Trump is counting on tax reforms to pay for themselves by boosting the economy and tax receipts along with it.A corporate tax cut that wasn't revenue neutral could expire after just two years under reconciliation rules, George Callas, Ryan's chief tax counsel, said at the IIF conference.
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