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U.S. Capitol building in Washington, D.C. Photo: Mike Scarcella/ALM

On December 19, 2009, in a letter to the Honorable Harry Reid, Majority Leader of the United States Senate, the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) noted that “Senate Amendment 2786 in the nature of a substitute to H.R. 3590  “…would produce total deficit reduction of $132 billion …” 


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