<p>Neither Candidate's Fiscal Plan Would Reduce Debt, CRFB Says</p>

Neither Candidate's Fiscal Plan Would Reduce Debt, CRFB Says

Committee for a Responsible Federal Budget

Neither of the major presidential candidates’ tax and spending plans would reduce debt, with central estimates showing that Vice President Kamala Harris’s plan would increase debt by $3.5 trillion and former President Trump’s plan would increase debt by $7.5 trillion, according to an October 7 report from the Committee for a Responsible Federal Budget.

<p>Neither of the major presidential candidates’ tax and spending plans would reduce debt, with central estimates showing that Vice President Kamala Harris’s plan would increase debt by $3.5 trillion and former President Trump’s plan would increase debt by $7.5 trillion, according to an October 7 report from the Committee for a Responsible Federal Budget.</p>