Trump’s proposals would add $4tn more to US debt than Harris’s

Date:

Getty Images An electronic billboard displaying the current US National debt per person and as a nation at 35 Trillion dollars on  09 August, 2024 in Washington, DCGetty Images

Donald Trump’s campaign proposals would increase the US national debt by double the amount Kamala Harris’s would, according to a new analysis by a non-partisan group.

Both candidates would add trillions to the national debt if their campaign pledges were enacted, according to the Committee for a Responsible Federal Budget. Trump would add $7.5tn and Harris would add $3.5tn, the group said.

The think tank warned on Monday that neither party appeared willing to address the country’s growing $35.6tn debt.

Both candidates have, at least partially, backed extending major tax cuts that the US passed during Trump’s first term. These cuts form the biggest chunk of this hypothetical additional debt.

Reuters A combination of file photographs of Donald Trump (left) and Kamala HarrisReuters

It is unclear how many of either candidate’s proposals would be able to pass through a divided Congress

Parts of that Trump tax plan are due to expire in 2025, setting up a tough tax fight for whoever wins the White House in…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...