A new report out today by The Century Foundation and the Economic Policy Institute - written by TCF/EPI Fellow Andrew Fieldhouse and co-author Josh Bivens - finds Romney's budget plans could cost millions of jobs.
Obama's plan, would create 1.3 million.
The Fieldhouse/Bivens report looked at the jobs outlook for the budget plans of President Obama and Mitt Romney and found:
Obama's budget plans, "would lead to increased employment of about 1.1 million jobs in 2013 and 280,000 jobs in 2014..."But
Romney's plan would, "lead to small job gains of 87,000 in 2013 and a loss of 641,000 jobs in 2014." They also found that the Romney plan could also lead to "employment losses of 608,000 in 2013 and roughly 1.3 million in 2014."To read the Fieldhouse/Bivens papers, please click here.
Andrew Fieldhouse (@A_Fieldhouse) joined The Century Foundation in July 2011 to work on federal budget policy. Prior to joining TCF, Andrew joined the Economic Policy Institute in June 2010, where he continues to work on federal budget policy and progressive budget reform. He previously worked as an assistant budget analyst and research assistant with the House Budget Committee. Since joining EPI, he coauthored Investing in America’s Economy: A Budget Blueprint for Economic Recovery and Fiscal Responsibility, a long-term progressive budget proposal by Our Fiscal Security, a partnership of Demos, EPI, and TCF. His areas of research and interest include federal tax and budget policy, political economy, public investment, and macroeconomics. Andrew has provided frequent commentary on the current budget debate and the impact of fiscal policy alternatives on the economic recovery. He has appeared as a guest on CNN, PBS Nightly Business Report, C-SPAN, CNBC, and Fox Business News, as well as NPR affiliates.
For more information on The Century Foundation.