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Snapshot 6:Tue, Oct 8, 2024 4:57:05 PM GMT last edited by TylerJ

Study: US Debt Would Increase $7.5T Under Trump, $3.5T Under Harris

Study: US debtDebt wouldWould increaseIncrease under$7.5T HarrisUnder andTrump, soar$3.5T underUnder Trump - studyHarris

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The Facts

  • The Committee for a Responsible Federal Budget (CRFB), a nonpartisan organization, released a study on Monday predicting that Donald Trump's campaign proposals would double the amount of the US national debt over ten years compared to Kamala Harris's proposals.The Committee for a Responsible Federal Budget (CRFB) released a study on Monday predicting that both former Pres. Donald Trump and Vice Pres. Kamala Harris's policy proposals would increase US national debt.

  • Though both candidates' policies would result in trillions of dollars in extra borrowing if implemented, Trump's campaign pledges would raise the rapidly increasing national debt by $7.5 trillion; Harris's would add $3.5 trillion.If fully implemented, the CRFB estimates Trump's campaign pledges would raise the national debt by $7.5T whilst Harris's would add $3.5T over a ten-year period. Currently, federal debt sits at over $35T.


The Spin

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APolicy seconddeficit Trumpestimates administrationare willextremely reverseinaccurate, thelacking worstany inflationcredible crisiscertainty inover 40 years, which the Biden administration's irresponsible economic policy exacerbatedfuture. Trump'sThese planpredictions isshould tonot defeatbe inflationtreated andseriously, restorewith prices. Republicans want to make the TrumpCRFB's Taxrange Cuts and Jobs Act permanent to boost economic growth for all. They plan to eliminate tip taxes for millions of restaurantpotential andestimates hospitalitylaughably workersbroad and cutpractically taxes furtheruseless. The GOP wants to make America stronger, more resilient, and more prosperous.


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