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2020 Biden-Harris Presidential Transition Team; Photo: Bloomberg/ALM-Chris Nicholls

President-elect Joe Biden’s tax proposals would raise about $2.1 trillion, not $2.4 trillion, over the next 10 years, or about 0.8 percent of gross domestic product (GDP), according to a revised analysis by the Tax Policy Center (TPC).

Over the subsequent 10-year period, Biden would raise about $4.3 trillion, down from TPC’s October estimate of $4.7 trillion, the center states.

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