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21st Aug 2017 12:13U.S., Economic Monitor

Consumption and investment spending by state and local government accounts for just over 10% of the U.S. economy, making it more important than exports or consumers' spending on durable goods, and roughly equal to all business investment in equipment and intellectual property.

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state local government spending spending growth revenue personal tax sales tax durable goods consumer spending gdp gdp growth personal income trump personal tax tax rates payroll growth wages employment obamacare s&l

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Keywords for: 22 August 2017 Is the Worst Over for State and Local Government Spending?

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