'Trump's tax, spending plans would add twice as much debt as Harris'

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'Trump's tax, spending plans would add twice as much debt as Harris' - Business Standard

Quick Summary:

His only major revenue-raising provision would be to increase tariffs, which would raise $2.7 trillion according to the central estimate.

Trump has promised a range of tax breaks including extending all of the 2017 individual tax cuts due to expire next year and eliminating taxation of income from tips, Social Security and overtime pay.

Harris has pledged to increase the Child Tax Credit and add a bonus $6,000 credit for newborns, boost spending on child and elder care, and offer a $25,000 tax credit for first-time homebuyers, but increase taxes on corporations and households earning $400,000 or more.