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Obama Tax Plan: Montana
Obama Tax Plan: Montana
Obama Tax Plan: Montana
Montana
President Obama’s tax plan would allow portions TOTAL EMPLOYMENT
of the 2001 and 2003 tax cuts to expire, resulting in Annual Change in Jobs
steep tax hikes beginning in January 2011 for small
2011 2015 2020
businesses and those earning $250,000 or more. 0
The tax hikes would significantly affect the economy
–300
in Montana, most notably in the number of jobs and
change in personal income. –600
–900
Among the results, from 2011 to 2020, the state
–1,200
of Montana would:
• Lose, on average, 2,291 jobs annually. –1,500
• Lose, per household, $6,642 in total disposable
–1,800
personal income.
• See total individual income taxes increase by –2,100
$1,112 million. –2,400
–2,700
Source: Heritage Foundation calculations based on the IHS Global
Insight U.S. macroeconomic model, and data from the U.S. Census –3,000
Bureau and U.S. Department of Labor, Bureau of Labor Statistics.
–2,894
–$100
$120
–$200
$100
–$300
–$400 $80
–$500 $60
–$600
$40
–$700
$20
–$800
–$900 $0
2011 2015 2020
–$840.78
Source: Heritage Foundation calculations based on the IHS Global Insight U.S. macroeconomic model, and data from the U.S. Census Bureau and U.S.
Department of Labor, Bureau of Labor Statistics.