<p>Survey: Economists Cold on Proposed 70 Percent Tax on High Incomes</p>

Survey: Economists Cold on Proposed 70 Percent Tax on High Incomes

National Association for Business Economics

In a February survey conducted by the National Association for Business Economics, 42 percent of responding economists said that a proposed 70 percent tax on income above $10 million would harm the U.S. economy; 17 percent said the effects would be positive; and 33 percent said the impact would hinge on how the additional tax receipts are used.

<p>In a February survey conducted by the National Association for Business Economics, 42 percent of responding economists said that a proposed 70 percent tax on income above $10 million would harm the U.S. economy; 17 percent said the effects would be positive; and 33 percent said the impact would hinge on how the additional tax receipts are used.</p>