Obama Tax Plan Hit on the Economy Nearly $2 Trillion
Created on December 14, 2012
CHANGE IN GDP, IN BILLIONS OF INFLATION-ADJUSTED 2005 DOLLARS
The Obama tax plan will reduce gross domestic product by an average of $196 billion a year over the next 10 years.
Source: Heritage Foundation calculations using data from the IHS Global Insight 2012 November Short-Term U.S. Macroeconomic Model.
Average, 2013–2022: –$196.2 billion