THE EFFECTS OF THE OBAMA TAX PLAN

Montana
President Obama’s tax plan would allow portions of the 2001 and 2003 tax cuts to expire, resulting in steep tax hikes beginning in January 2011 for small businesses and those earning $250,000 or more. The tax hikes would significantly affect the economy in Montana, most notably in the number of jobs and change in personal income. Among the results, from 2011 to 2020, the state of Montana would: • Lose, on average, 2,291 jobs annually. • Lose, per household, $6,642 in total disposable personal income. • See total individual income taxes increase by $1,112 million.
Source: Heritage Foundation calculations based on the IHS Global Insight U.S. macroeconomic model, and data from the U.S. Census Bureau and U.S. Department of Labor, Bureau of Labor Statistics.

TOTAL EMPLOYMENT Annual Change in Jobs
0 –300 –600 –900 –1,200 –1,500 –1,800 –2,100 –2,400 –2,700 –3,000 2011 2015 2020

–2,894

REAL DISPOSABLE INCOME Annual Change per Household
$0 –$100 –$200 –$300 –$400 –$500 –$600 –$700 –$800 –$900 2011 2015 2020

TOTAL INDIVIDUAL INCOME TAXES Annual Change in Millions of Dollars $137.9
$140 $120 $100 $80 $60 $40 $20 $0

–$840.78

2011

2015

2020

Chart MT • Obama Tax Plan by State

heritage.org

THE EFFECTS OF THE OBAMA TAX PLAN

Change in Employment in Montana
Average Annual Change in Total Employment, 2011 to 2020, by Congressional District
Jobs Lost: 800–1,399 Jobs Lost: 1,400–1,599 Jobs Lost: 1,600–1,799 Jobs Lost: 1,800–2,320

State: 2,291 jobs lost annually on average

Source: Heritage Foundation calculations based on the IHS Global Insight U.S. macroeconomic model, and data from the U.S. Census Bureau and U.S. Department of Labor, Bureau of Labor Statistics.

Map MT • Obama Tax Plan by State

heritage.org

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