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.If you like your job, you won't be able to keep your job...
Friday, September 20, 2024
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