Topline Preliminary Estimates Net Deficit Impact $2.5T Long-run GDP -1.3% Wages -1.0% FTE Jobs -335,000 Note: *On a conventional basis. Source: Tax Foundation General Equilibrium Model, March 2023. President Biden’s Fiscal Year 2024 Budget outlines several major tax increases that would add up to nearly $4.8 trillion in new taxes targeted at businesses and high-income individuals. After... View Article
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