Studies Vary On How Many Jobs Will Be Lost If Taxes On The Wealthy Ride

Nov 15, 2012
Originally published on November 15, 2012 7:07 am

Republicans claim President Obama's plan to raise taxes on the wealthy will cost the economy 700,000 jobs. Another study from the Congressional Budget Office puts the number of lost jobs as 200,000. But both studies also assume millions of new jobs will be created.