Former President Donald J. Trump keeps adding new tax cuts to his list of campaign promises, and their projected costs keep piling up.
Independent analyses suggest Mr. 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.
It is impossible to make a similarly precise estimate for Vice President Kamala Harris, Mr. Trump’s Democratic opponent this fall.
She has not laid out any tax or spending plans, or other economic policy proposals, with enough detail to estimate whether they would add to deficits or reduce them.
But on Friday, after this article published online, Harris campaign officials said they would point to President Biden’s most recent budget proposal as an indicator of Ms. Harris’s future fiscal policy plans.
Persons:
Donald J, Trump, Trump’s, Kamala Harris, Harris, Biden’s
Organizations:
Trump’s Democratic