Kamala Harris' tax plan could cost US nearly 800K jobs

[LumRaiderFan]

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From the article:

Vice President Kamala Harris' tax plan could cost the U.S. economy nearly 800,000 jobs, a new analysis by the Tax Foundation finds.

Harris' tax plan, which contains a variety of tax increases, cuts and credits, is based largely on President Biden's budget – though the vice president has offered her own policy ideas since becoming the Democratic presidential nominee. 

Overall, the Tax Foundation analysis finds a loss of 786,000 full-time equivalent jobs over the long run under Harris' plan when compared to baseline projections, as well as 2% decline in long-run GDP and a 1.2% dip in long-run wages, while bringing in nearly $1.7 trillion in additional tax revenue over the next decade.

"Similar to the president's proposals, we find that it would reduce the long-term growth of the economy, it would reduce American incomes relative to where they would otherwise be, and it would lose, rounding up, close to 800,000 jobs in the long-run," Garrett Watson, senior policy analyst and modeling manager at the Tax Foundation, told FOX Business in an interview.

[Reagan]

When has she ever ran anything to know how to run anything?  

[5GallonBucket]

What was the 1st thing biden did when he got into office concerning jobs

[HuntersLaptop2028]

>> as well as 2% decline in long-run GDP

 

Use your brain guys, this ain’t happening.

You said it during 8 years of Obama.. you said it under 4 years of Biden, and now you’re saying it’ll happen under Kamala.