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Tax Increases Ahead: The Impact of the House Budget Resolution, By Congressional District

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Publication Date: May 2007

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): Shanea Watkins

Series: Backgrounder

Topic: Banking and finance (Public finance)

Keywords: Taxes; income; Bush tax cuts; economy

Type: Report

Coverage: United States


As it currently stands, the House budget resolution proposes to allow the Bush tax cuts to expire, which could cause the average taxpayer to face an additional $3,029 in taxes; could damage employment growth, causing about one million fewer jobs to be created; and has the potential to damage economic output by over $100 billion.