Trump plan could cut taxes by $1.7 trillion, Biden’s could offer $4.3 trillion increase, report
Wednesday, October 7, 2020 | Tag Cloud Tags: deficit, Democrat, News, tax, Trump, Worthy News | Learn about out FREE SYNDICATION
(Worthy News) – The nonpartisan Committee for a Responsible Federal Budget released a report Wednesday estimating that Democratic presidential candidate Joe Biden’s proposed policy measures would raise taxes by about $4.3 trillion over the next decade.
President Trump’s plan would lower tax revenue by about $1.7 trillion.
The report notes that the numbers presented are widely variable primarily due to the vague nature of each candidates’ economic plans. At the top of the scale, Biden’s plan could increase the federal deficit by as much as $8.3 trillion over the next 10 years, while the upper end of Trump’s plan could boost that number to $6.5 trillion. [ Source: Just the News (Read More…) ]
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