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Business groups: Ernst & Young study shows tax hikes would hurt economy - The Business Journals
A new study by Ernst & Young concludes that increasing taxes on higher-income Americans will hurt economic growth and lead to 710,000 fewer jobs being created.
The study was commissioned by four business groups that are opposed to this tax increase, which will go into effect Jan. 1 under current law. Those groups include the National Federation of Independent Business, the U.S. Chamber of Commerce, Independent Community Bankers of America and the S Corporation Association.
A new study by Ernst & Young concludes that increasing taxes on higher-income Americans will hurt economic growth and lead to 710,000 fewer jobs being created.
The study was commissioned by four business groups that are opposed to this tax increase, which will go into effect Jan. 1 under current law. Those groups include the National Federation of Independent Business, the U.S. Chamber of Commerce, Independent Community Bankers of America and the S Corporation Association.