2016 Election, Economy, Elections, Hillary Clinton, Issues, Tax

Report: Clinton’s tax plan would kill 700,000 jobs

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Hillary-Clinton4LaughWhat’s the point in stealing from the rich if you’re not also giving to the poor everyone else? According to a new report from the Tax Foundation, while Hillary Clinton’s tax plan would raise hundreds of billions at the expense of America’s most fortunate, it would also prevent the creation of nearly 700,000 jobs over the next decade:

The Tax Foundation, a nonpartisan think tank in Washington, published a score of Clinton’s plans for tax policy that found that it would would raise taxes by $1.4 trillion over the next 10 years, under a static analysis that assumes nothing else changes. That revenue would come from new taxes on high earners, a higher tax rate on multi-million dollar incomes, and new estate taxes.

But because those tax hikes would decrease the incentives to work, invest, and save, the group found, the Democrat’s tax proposals would slow economic growth.

One result would be fewer jobs: If Clinton’s tax plans became law, the economy would generate 697,000 fewer jobs over the next decade. Wages would also be lower, by more than 2 percent.

Oh, and due to the slow economy Clinton’s tax plan would create, the $1.4 trillion expected tax revenue would actually only be about $663 billion — nowhere near enough to cover the $1.5 trillion in new spending programs she’s proposed.

Read the entire report here.

  • Richard Bagenstose

    put it this way , when oboma got elected , the government was taking in about 2 trillion a year , all of obomas regulations has raised that to almost 4 trillion a year and hillary wants to raise it another trillion that will be 5 trillion a years , for what , for them to waste it, all the money they wasted the streets in the u.s. should be lined with gold

  • John Redman

    “Oh, and due to the slow economy Clinton’s tax plan would create, the
    $1.4 trillion expected tax revenue would actually only be about $663
    billion — nowhere near enough to cover the $1.5 trillion in new spending
    programs she’s proposed.” Yeah, what he said. “Best laid plans are aft t’ gang aglay” as Mr. Burns said.

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