cover image: U.S. Budget Watch 2024: The Fiscal Impact of the Harris and Trump Campaign Plans

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U.S. Budget Watch 2024: The Fiscal Impact of the Harris and Trump Campaign Plans

6 Oct 2024

This report, part of the U.S. Budget Watch 2024 series, provides an in-depth analysis of the fiscal impacts of the proposed policy platforms of the two main presidential candidates: Vice President Kamala Harris and former President Donald Trump. The report evaluates the potential effects of their tax and spending proposals on the U.S. national debt and the federal budget over a 10-year period (2026-2035). It estimates that Harris’s plans could increase the national debt by $3.5 trillion under a central scenario, while Trump’s proposals could increase it by $7.5 trillion. The report further highlights the uncertainty surrounding these estimates, with potential low- and high-cost outcomes. Both candidates' plans are analyzed across various fiscal dimensions, including tax cuts, spending increases, revenue increases, and reductions in net interest.
fiscal policy donald trump deficit national debt u.s. economy kamala harris spending proposals u.s. budget tax plans

Authors

Committee for a Responsible Federal Budget

Pages
34
Published in
United States of America

Table of Contents

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