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$3 billion payoff: 101 utilities cut rates, credit GOP tax cuts

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The number of electric, gas and water utilities cutting customer charges due to the recently passed Republican tax cuts has passed 100, and the total savings is about $3 billion.

According to Americans for Tax Reform, the number has reached 101 with most utilities either cutting bills or not passing on the costs of expanding their operations.

“When Democrats threaten to raise taxes if they get back into power they are threatening to raise your utility bill — month after month,” said Grover Norquist, president of Americans for Tax Reform.

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