THE 2024 TRUMP AND HARRIS CAMPAIGN POLICY PROPOSALS: BUDGETARY, ECONOMIC AND DISTRIBUTIONAL EFFECTS by Penn Wharton, University of Pennsylvania
We estimate that the Trump Campaign tax and spending proposals would increase primary deficits by $5.8 trillion over the next 10 years on a conventional basis and by $4.1 trillion on a dynamic basis that includes economic feedback effects. Households across all income groups benefit on a conventional basis.
We estimate that the Harris Campaign tax and spending proposals would increase primary deficits by $1.2 trillion over the next 10 years on a conventional basis and by $2.0 trillion on a dynamic basis that includes a reduction in economic activity. Lower and middle-income households generally benefit from increased transfers and credits on a conventional basis, while higher-income households are worse off.
Kind of interesting that each plan has a different projected impact on economic activity.
I wonder if this is a benefit of not taking very many policy positions.
Credits that translate into debts?
Deficits that mean economic problems?
Aren't governments supposed to work for their citizens?
I don't understand
nobody benefits with trillions in deficit
Long term, definitely!