Trump plans would add $5.8 trillion to national debt
By the numbers: The Wharton study concludes that the Trump proposals would increase the national debt by 9.3% above its current trajectory by 2034, and by 12.7% by 2054.
The equivalent numbers for the Harris proposals are 4.4% and 7.7% respectively.
Trump's proposals would see U.S. GDP fall by a relatively modest 0.4% relative to the current baseline by 2034. The Harris proposals mean a slightly larger decrease of 1.3%.
Follow the money: The top 1% would see their post-tax income rise by $47,000 in 2026 under Trump, compared to a fall of $9,000 under Harris.
The median household would see an income gain of about $2,000 per year under both plans.
The bottom line: If the GOP was ever a party committed to reducing the national debt, it's not anymore.
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