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.
Authors
- Pages
- 34
- Published in
- United States of America
Table of Contents
- What Do the Candidates Propose and How Do the Numbers Add Up 3
- What Would the Candidates Proposals Mean for the National Debt 6
- 125 6
- Harris Central 6
- Kamala Harriss 2024 7
- Campaign Plan 7
- High-Cost -8.10 trillion 7
- Central -3.50 trillion 7
- Low-Cost 0 7
- 115 8
- Donald Trumps 18
- 2024 Campaign Plan 18
- High-Cost -15.15 trillion 18
- Central -7.50 trillion 18
- Low-Cost -1.45 trillion 18
- 115 19
- Trump Range 19
- Conclusion 27
- Appendix I Methodology 28
- Appendix II Policies Not Scored 29
