Former United States President Donald Trump's economic plans would lead to the country's national debt hitting $7.5 trillion by 2035, compared to Vice President Kamala Harris' proposals, which would have the debt at $3.5 trillion, the Committee for a Responsible Federal Budget said on Monday in its latest US Budget Watch 2024 report.
While Trump's deficit-increasing measures are expected to amount to $10.20 trillion, for Harris, this number is projected to stand at $7.25 trillion. Deficit-reducing measures are seen coming in at $3.70 trillion for Trump and at $4.25 trillion for Harris. When it comes to interest costs, Trump's are estimated to be at $1 trillion, while Harris' should stand at $500 billion.
"Harris would not add to the debt under our low-cost estimate and would increase the projected debt by $8.10 trillion through FY 2035 under our high-cost estimate. Trump would increase the projected debt by $1.45 trillion through FY 2035 under our low-cost estimate and by $15.15 trillion under our high-cost estimate," the committee further detailed.
