https://www.cnbc.com/2024/08/27/trump-harris-budget-deficit-economy-election.html
Trump budget would spike deficits by nearly 5 times Harris proposal, says Penn Wharton
Key Points
- Republican Donald Trump’s economic proposals would increase federal deficits by almost five times more over the next decade than those of Democratic nominee Vice President Kamala Harris, per two reports by the Penn Wharton Budget Model.
- Harris has proposed raising corporate taxes to pay for her plan while Trump has put forward a hardline tariff policy on all imports, including higher rates for China.
- The Trump and Harris campaigns are in a race to paint the other side as an economic danger, each trying to win over voters fatigued by the higher cost of living.
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