Study: Harris’ Tax Plan Could Cut 786,000 Jobs, Add $2.6T to Deficit

A new study from the Tax Foundation suggests that Vice President Kamala Harris’ tax plan could result in significant job losses, hinder economic growth, and complicate the U.S. tax code, the Daily Caller reported.

Vice President Kamala Harris’ proposed tax plan could eliminate nearly 800,000 full-time jobs and stifle economic growth, according to a study released Tuesday by the Tax Foundation.

The plan, which includes raising corporate tax rates and imposing taxes on unrealized capital gains, would significantly impact employment, wages, and gross domestic product in the long term, the study found.

Read more at Newsmax© 2024 Newsmax. All rights reserved.