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.
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%.