Congressman
Henry E. Brown, Jr.

The breakdown below provides a great side by side contrast of jobs created by the Republican and Democrat plans as it highlights the number of jobs that could be created in South Carolina under the House Republican substitute to H.R. 1.  These estimates are derived from the results of applying Dr. Christina Romer’s economic analysis to the House Republican substitute which shows that the substitute could create 6.2 million jobs over the next two years. Unlike the House-passed bill, H.R. 1, the substitute contains broadly applicable tax cuts for families and business and does not pick and choose favorites among the states or particular industry sectors through various spending programs.

Jobs created by Democrat plan from http://www.whitehouse.gov/the_press_office/state_by_state_employment_impact/.

Republican estimates derived from Christina Romer and David Romer, “The Macroeconomic Effects of Tax Changes:  Estimates Based on a New Measure of Fiscal Shocks” National Bureau of Economic Research, Working Paper 13264, July 2007and Bureau of Labor Statistics, State and Area Employment, Hours, and Earnings, series catalog SMS0100000000000001.

Posted by Brown Staff (02-06-2009, 03:10 PM) filed under Economy

 

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