A new analysis from the nonpartisan Committee for a Responsible Federal Budget suggests that both Kamala Harris’ and Donald Trump’s economic proposals would significantly increase the national debt. The report estimates Harris’ policies could add $3.5 trillion to the debt over 10 years, despite her campaign’s commitment to fiscal responsibility through tax increases on corporations and the wealthy. In contrast, Trump’s plans could add between $7.5 trillion and $15.2 trillion to the debt, with tax cuts and spending outpacing projected revenues.
The report highlights that neither candidate focuses on deficit reduction, even though the federal debt already exceeds $28 trillion. Although Harris’ policies are projected to be more fiscally responsible than Trump’s, the analysis acknowledges uncertainty around both candidates’ proposals, with potential worst-case scenarios for both.
Economists like Jason Furman have echoed these concerns, with estimates showing Harris’ plans could raise or reduce the deficit by $1.5 trillion, while Trump’s ideas would likely add at least $5 trillion to the debt.
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