Extending The Individual Tax Cuts Will Cost $425,000 PER JOB!

No, that’s not a typo in the headline.

According to an analyis released this week by the the Tax Foundation, extending the individual tax cuts enacted last year beyond their current 2025 expiration will cost somewhere between $384,000 and $425,000 per job created.

According to the analyis, extending the individual tax cut will produce 1.5 million new jobs but will result in a substantial loss in federal revenue — $638 billion on a “static” basis and $576,000 using dynamic scoring.

Divide the revenue loss by the number of projected new jobs and the cost per job is $425,333 using static modeling and $384,000 using dynamic scoring.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s