According to the Tax Foundation, Hillary Clinton’s tax plan will create higher taxes for individuals and businesses. FOXBusiness.com breaks down how much it will cost the taxpayer and the economy.
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1. Create a shrinking economy
Tax Foundation found that the economy would lose 300,000 full time jobs under Clinton's tax plan and shave off 0.8% in wages of those that remain employed.
2. Reduce GDP
The taxes and growth model showed her plan would lower U.S. GDP by 1% over the long term -- that means a rise in inflation.
3. Reduce Capital Investment
The Tax Foundation found that Clinton’s plan will cause capital investment to drop 3%.