Donald Trump’s economic plans will raise the federal debt by twice as much as Kamala Harris’ proposals, new analysis reveals [Video]

04:53 EDT 07 Oct 2024, updated 06:54 EDT 07 Oct 2024

Donald Trump‘s economic plans would raise the federal debt by more than double the proposal presented by Kamala Harris, a new report has claimed.

America’s federal debt is forecast to increase to $7.5trillion by 2035 if the GOP hopeful is elected and carries out his jobs and tax plan, according to analysts at the Committee for a Responsible Federal Budget (CRFB), a non-partisan thinktank.

Trump, who has not yet released a comprehensive economic plan, has pledged to lower taxes for individuals and businesses, eliminate taxes on tips, implement tariffs on imported goods, and increase domestic employment opportunities.

Harris, however, plans to expand tax credits for small businesses, improve access to affordable housing and childcare, and raise corporate taxes. Her proposal, according to CRFB analysis, would raise the national debt by $3.5trillion over the same time period.

The report comes as Trump and Harris are locked in a neck-and-neck …