How Harris' and Trump's tax and spending plans affect US debt

Contributing sentiments towards policy:

36% : Trump has said his tax cuts would be paid for with "trillions of dollars" generated by stronger economic growth, new import tariffs, ending Biden's clean energy subsidies and a new government efficiency commission headed by billionaire entrepreneur and Tesla (TSLA.O), opens new tab CEO Elon Musk.
35% : Trump has said he plans to extend all tax cuts he pushed through Congress in 2017, exempt Social Security and tip income from taxes, and further cut corporate income taxes.
35% : Trump has pledged to permanently extend all of the expiring tax cuts, including for the wealthiest Americans, which tax and budget experts estimate would reduce revenues over a decade by about $3.3 trillion to $4 trillion.
29% : The conservative-leaning Tax Foundation called the move, opens new tab "unsound and fiscally irresponsible," weakening Social Security and Medicare.
26% : "Trump has not offered any conventional tax increases to offset his extended tax cuts.
13% : 2025 TAX CLIFFThe major differentiator between Trump and Harris is how they address the 2025 expiration of individual tax cuts passed by Republicans during Trump's presidency in 2017.

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