There are plenty of reasons why Hillary Clinton has no business being president.
Her abysmal record on foreign policy.
Her extensive history of dishonesty and deceit.
Her Supreme Court choices.
And now, you can add her incredibly destructive tax plan and overall economic illiteracy to the list.
A new study about her plan was just released and it’s devastating for the country.
Here’s the great Matt Vespa with more.
Last December, Hillary Clinton told the New Hampshire’s Concord Monitor that her economic agenda would cost us $1 trillionover the next ten years. Katie added that $1 trillion in tax increases would probably be needed as well. Well, that $1 trillion tax increase figure has mostly stayed the same, but we’re also set to lose close to 700,000 jobs and reducing economic growth by 2.6 percent. Ali Meyer at The Washington Free Beacon had more:
Hillary Clinton’s tax proposals would increase taxes by $1.4 trillion over the next decade and would reduce the growth of the economy by 2.6 percent, according to an analysis from the Tax Foundation.[…]
Clinton’s proposals would increase taxes by $1.4 trillion over the next decade, most of which would come from individual income tax revenue that would account for about $817 billion. The estate tax increases would raise about $310 billion over the next decade, and increased corporate and payroll taxes would total about $300 billion.
Pretty crazy right?
From Washington Examiner:
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.
To sum things up, Hillary Clinton’s backwards ideas on the economy would negatively affect millions of Americans and destroy livelihoods.
The choice is yours…