Murray Tax Plan Would Hinder Business Investment
Created on March 19, 2013
These charts show the projected change in investment due to Senator Patty Murray’s tax plan. By increasing personal and corporate taxes, the plan would reduce business investment by hundreds of billions of dollars each year.
Gross Private Domestic Investment (Billions of Dollars Not Adjusted for Inflation)
10-Year Total: –$819 BILLION
Private Fixed Residential Investment (Billions of 2005 Inflation-Adjusted Dollars)
10-Year Total: –$341 BILLION
Private Fixed Nonresidential Investment (Billions of 2005 Inflation-Adjusted Dollars)
10-Year Total: –$60 BILLION
Source: Heritage Foundation calculations using data from the IHS Global Insight 2013 March Short-Term U.S. Macroeconomic Model.