U.S. to Lose 710,000 Jobs From Tax Rise, Chamber Says - Bloomberg

U.S. to Lose 710,000 Jobs From Tax Rise, Chamber Says - Bloomberg


The U.S. would lose 710,000 jobs and economic output would decline by 1.3 percent, or $200 billion, if tax cuts for high earners are allowed to lapse, said a report prepared for the U.S. Chamber of Commerce and other supporters of the tax breaks.
The study by Ernst & Young LLP supports Republican efforts to extend all of the George W. Bush-era tax cuts set to expire at the end of the year. President Barack Obama called on Congress last week to pass a one-year extension of tax cuts for married couples making less than $250,000 a year while letting rates rise for higher earners.

Of course the number is fictional based on Hedonic measurement, I am sure the true number will be in the millions. Such as the millions of jobs that have been lost in the last 4 years.