7.5 trillion dollars. This is the amount that Donald Trump would add to the national debt of the United States if he managed to implement his promises on taxes and immigration, among others, according to a new study published Monday by the Committee for a Responsible Federal Budget (CRFB), a non-partisan organization in Washington. Amount that includes the fallout from the following promises: extension of the 2017 tax cuts, which would add $5 trillion to the national debt over ten years; eliminating taxes on overtime wages, retirement benefits and tips, which would add $3.6 trillion to the debt; detention and deportation of illegal immigrants, which would cost $350 billion.
Trump claims that the tariffs he plans to impose would bring enough money into the U.S. Treasury to offset the cost of his tax cuts and other spending. But most economists doubt it, believing instead that consumers will end up paying the price for this 19th century policy.
What about Kamala Harris’ promises? According to the CRFB study, the Democratic candidate would add $3 trillion to the national debt by extending the 2017 tax cuts for people earning less than $400,000 a year, and $1.35 trillion by significantly expanding the child tax credit and the earned income tax credit. The Democratic candidate’s campaign, it should be noted, claims that these programs would cost much less. Harris also plans to end taxes on tips.
Reminder: the national debt of the United States today stands at $35.7 trillion.
To entrust the president of the CRFB to Washington Post : “Despite the fact that our fiscal situation is truly unhealthy, we have two candidates whose proposals, if considered as a whole, would make the situation worse instead of better, with one notable distinction that former President Trump l would worsen significantly. »
(Photo Getty Images)
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