A new analysis highlights the significant rise in the federal deficit projected under Donald Trump’s economic plans. The report by the nonpartisan Committee for a Responsible Federal Budget estimates that Trump’s proposals could add $7.5 trillion to the national debt over 10 years, with some scenarios pushing the total increase to as much as $15.2 trillion. This surge comes from major tax cuts and expenditures, including border security and tariffs, which would outpace revenue growth. Trump’s deficit projections are far more substantial than those of Kamala Harris, whose plans still emphasize fiscal responsibility.
The analysis emphasizes the challenges the next president will face regarding government borrowing. Trump’s economic ideas, especially around tariffs and tax breaks, are criticized for adding to the growing national debt. Public debt has already surpassed $28 trillion, and the cost of servicing this debt is becoming comparable to major federal programs like defense and healthcare.
Unlike construction work supported by longstanding wage standards, federal policies ensuring high-quality manufacturing jobs are still in early stages of development. Although Trump’s plan suggests strong economic growth, critics question whether this would be enough to offset the substantial increase in deficits.
Trump's proposals, such as removing taxes on overtime pay and eliminating limits on deductions for state and local taxes, would significantly add to the national debt. Critics argue that his deficit projections are unsustainable and would burden future generations with rising government debt. Meanwhile, experts note that Trump's approach lacks a concrete strategy to rein in spending.
Overall, the analysis raises concerns about Trump’s fiscal impact, showing a steep rise in debt without sufficient mechanisms to control government borrowing or address long-term economic challenges. The gap between revenue and spending under Trump’s plan could leave the U.S. with a financial burden for decades to come.