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Ryan’s Rate Goal Would Force $2.9 Trillion Tax-Break Cuts

Representative Paul Ryan’s proposal to lower the top individual and corporate tax rates to 25 percent would require Congress to eliminate more than $2.9 trillion worth of tax breaks over the next decade, according to a new analysis.

The study released yesterday by the Tax Policy Center in Washington provides the first independent estimate of the challenges that Ryan and congressional Republicans would face in trying to drive tax rates down while holding total revenue collection between 18 percent and 19 percent of the gross domestic product.