Report: Trump’s Plans Would Increase National Debt By $5.3 Trillion
- 8 years ago
According to a recent report by the Committee for a Responsible Federal Budget, Donald Trump’s proposed plans will add $5.3 trillion to the national debt.
Both Hillary Clinton and Donald Trump have shared a number of the plans they have for the nation and provided some insights as to how such endeavors will be funded.
The Committee for a Responsible Federal Budget recently assessed the money likely to flow in and out of the federal government over the coming decade should the numerous campaign promises become realities.
The committee found that Trump’s proposed actions will add $5.3 trillion to the national debt.
Clinton’s will increase the current sum by $200 billion.
In the committee’s breakdown, which includes all plan revisions as of September 21, it is estimated that Trump will cut non-interest federal spending by $1.2 trillion.
However, his proposed tax reform will diminish revenue by $5.8 trillion.
Clinton’s spending increase is anticipated to be $1.65 trillion, while revenues will be boosted by $1.5 trillion, largely through her plan to increase taxes on wealthiest among us.
Both Hillary Clinton and Donald Trump have shared a number of the plans they have for the nation and provided some insights as to how such endeavors will be funded.
The Committee for a Responsible Federal Budget recently assessed the money likely to flow in and out of the federal government over the coming decade should the numerous campaign promises become realities.
The committee found that Trump’s proposed actions will add $5.3 trillion to the national debt.
Clinton’s will increase the current sum by $200 billion.
In the committee’s breakdown, which includes all plan revisions as of September 21, it is estimated that Trump will cut non-interest federal spending by $1.2 trillion.
However, his proposed tax reform will diminish revenue by $5.8 trillion.
Clinton’s spending increase is anticipated to be $1.65 trillion, while revenues will be boosted by $1.5 trillion, largely through her plan to increase taxes on wealthiest among us.