An analysis of the "Mother of All Tax Bills" (H.R. 3970, The Tax Reduction and Reform Act of 2007) reveals that the U.S. economy will suffer huge losses in gross domestic product, job creation and personal income if this bill is passed into law. Analysts at the Center for Data Analysis estimated the economic costs of H.R. 3970 by looking at the combined effects of provisions contained within the legislation along with the effects of allowing the Bush Tax Cuts of 2001 and 2003 to expire. In 2012, alone, the U.S. economy stands to lose $108.2 billion in gross domestic product and will lose 955,000 jobs that would have otherwise been created. In addition, there will be a loss of approximately $247 billion in disposable personal income – an average loss in income of over $2000 per household in the United States.

To obtain cost estimates for all congressional districts, click here

Related Reading: The End of Pro-Growth Tax Policy: How the Rangel Tax Bill Could Affect the U.S. Economy

Click on your state below for state and congressional district specific estimates: