Monday, December 10, 2012

Obama’s Plan to Kill Jobs

Hmmm...

The Congressional Budget Office estimated last month that Obama’s plan to increase taxes only on top earners would reduce economic growth by 0.1 percent of Gross Domestic Product next year, or about $16 billion. That translates into about 200,000 fewer jobs.

By comparison, letting all the tax cuts enacted in 2001 and 2003 expire would reduce economic growth by 1.4 percent of GDP, resulting in about 1.8 million fewer jobs, the CBO said.

(4) Comments
Posted by Owen at 1526 hrs
Economy + Politics + Politics - General

  1. ...and that’s just the tax hikes.

    Posted by .(JavaScript must be enabled to view this email address) on December 10, 2012 at 1542 hrs


  2.   Rand Paul has the only answer.

    Posted by .(JavaScript must be enabled to view this email address) on December 10, 2012 at 1626 hrs


  3. We need to go over the so called fiscal cliff.  The spending cuts and the tax increases will get us $562 billion dollars a year.  But this amount won’t stop the dept from increasing.
    More will need to be done.

    Posted by .(JavaScript must be enabled to view this email address) on December 10, 2012 at 1835 hrs


  4. Why does everybody insist on pretending that this wasn’t released a couple of months ago?
    http://graphics8.nytimes.com/news/business/0915taxesandeconomy.pdf

    Posted by .(JavaScript must be enabled to view this email address) on December 11, 2012 at 1038 hrs


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