Trump's Proposals Could Nearly Double US Debt Burden Compared To Harris', But Both Candidates Lack Fiscal Discipline, Policy Watchdog Says

The U.S. is currently struggling under the burden of a huge debt pile and economists see no reprieve, given a lack of meaningful nonpartisan efforts to tackle the crisis at hand. Against the backdrop, a report released on Monday indicated that former President Donald Trump’s proposals could worsen the debt crisis more than those of his Democratic rival, Kamala Harris.

What Happened: Estimates by the Committee for a Responsible Federal Budget, or CRFB, show Harris’ plan would increase debt by $3.50 trillion through 2035, and Trump’s proposals would beef it up by $7.50 trillion, the Washington D.C.-based nonpartisan, non-profit organization said in a report.

Both candidates do not currently have a plan to address this pressing issue and a government under either of the candidates will push up the debt and deficits beyond what is currently projected, the organization said.

Using a low-cost estimate, CRFB sees the Harris administration causing no significant fiscal impact, while taking the high-cost route, debt could increase by $8.10 trillion. Considering Trump’s plan, these two scenarios would result in debt levels augmented by $1.45 trillion and $15.15 trillion, respectively.