Let's talk National Debt:
Trump keeps adding new tax cuts to his list of campaign promises, and their projected costs keep piling up.
Independent analyses suggest Trump’s plans could add close to $4 trillion over the next decade to America’s already fast-growing national debt, even after factoring in additional revenues from new taxes he wants to impose on imports.
Friday, Harris campaign officials said they would point to President
Joe Biden’s most recent budget proposal as an indicator of Harris’ future fiscal policy plans. That budget, released in March, calls for about $3 trillion in deficit reduction over the next decade, largely by raising taxes on corporations and high earners. This will not increase taxes for those making less than $400K per year.