House Democratic Leader Nancy Pelosi says the Republican tax plans will be a “job-killer,” but most economic analyses of the plans suggest, on balance, modest job growth.
The government’s nonpartisan Joint Committee on Taxation has not yet completed its analysis of the plans’ effect on employment. But several outside groups have run analyses that show modest net job gains from the GOP tax plans.
For example, Moody’s Analytics forecasts the plans will create in the range of 500,000 to 600,000 net new jobs over 10 years — though it says that comes at a steep cost to the nation’s debt.
The business-backed Tax Foundation’s analysis of the Senate plan concludes it would result in 925,000 additional full-time equivalent jobs over