Economic Benefit of Margin Tax Reform Courtesy of TPPF

TPPF says the Committee Substitute for Chairman Bonnen’s HB 32 will result in the following economic benefits, if HB 32 also includes repeal of the margins tax (that’s in the fine print):   

• $10.8 billion in new real (inflation-adjusted) personal income in the 1st year
• $16 billion, cumulative in 5 years
• 67,800 new, private sector, nonfarm jobs in the 1st year
• 129,200 new, private sector, nonfarm jobs, cumulative, in 5 years

TPPF