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The Boston Globe

Politics

Impasse could cost Mass. jobs

WASHINGTON — If Congress fails to come to an agreement on the middle class tax cut extensions, it could trigger jobs losses and cause the Massachusetts economy to shrink, according to a new White House analysis.

A sharp rise in middle class taxes — something both parties are hoping to avert — would prompt residents to spend nearly $4.6 billion less next year in Massachusetts, resulting in a 1.2 percentage point drop in the state’s gross domestic product.

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