Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Bill USA

(6,436 posts)
Mon Oct 1, 2012, 08:35 PM Oct 2012

Obama's policies would produce job growth, Romney's small growth then loss of jobs in 2014

http://www.epi.org/publication/ib343-obama-romney-job-growth/

The budget plans put forward by Barack Obama would lead to increased employment of about 1.1 million jobs in 2013 and 280,000 jobs in 2014, relative to current policy.

The Obama employment gains would be driven by an increase in spending of $135 billion over the current policy baseline, which is the result of $142 billion in temporary spending under his proposed American Jobs Act.


The budget plans put forward by Mitt Romney would lead to small job gains of 87,000 in 2013 and a loss of 641,000 jobs in 2014, relative to current policy, if his proposed tax cuts were fully deficit-financed.

If some of Romney’s proposed individual income tax cuts were revenue-neutral (he has said that they would be, but has not specified what “base-broadening” adjustments he would make to the tax code to accomplish that), his plans would instead lead to employment losses of 608,000 in 2013 and roughly 1.3 million in 2014.
<more>
Latest Discussions»Issue Forums»Editorials & Other Articles»Obama's policies would p...