intendingat biden is and what he has been very honest about what he is trying to do.e analyze his overall tax plans, we found that it would raise about $3 trillion over the next decade. however, when you factor in the economic impact of these taxes, and they would slow the economy, according to our model, it would raise about $2.6 trillion over a decade. we do find it would actually lower the size of the economy by 1.5%. it would perhaps reduce the employment by a little over half a million jobs and reduce wages by about 1%. while it is intended to raise revenues to pay for spending programs, there is an economic consequence according to our models. host: we hear mr. biden say quite frequently those increased taxes are only of concern if you make over 400 thousand dollars. what do you think of that? certainly, from a legal perspective, those are the folks who will write the checks. we economists tend to look at what happens after that and the flow through to the economy from those taxes. that is where we find the economic burden of some of those taxes will fall on low