Study: Trump’s Proposals Would Add More to National Debt Than Harris
Hey there, fellow citizens! Today, we’re diving into some big numbers that could affect all of us. A new study shows that Vice President Kamala Harris and former President Donald Trump have big plans for the country. But here’s the kicker: these plans could make our national debt grow even bigger!
The Big Picture
Right now, our country owes a whopping $35.7 trillion. That’s a lot of zeros! Harris and Trump want to do things that could add to this debt. Let’s break it down:
- Harris’s ideas could add $3.5 trillion to the debt over ten years
- Trump’s plans could add $7.5 trillion at the same time
Wow! That’s a lot of money, right?
What Harris Wants to Do
Harris has some ideas that could cost a lot:
- Keep some tax cuts for people making less than $400,000 a year
- Give more money to families with kids
- Help people pay for health insurance
She says she’ll make big companies and rich folks pay more taxes to cover these costs. However, the study thinks that this might not be enough.
Trump’s Big Plans
Trump also wants to do some expensive things:
- Keep the tax cuts he made when he was president
- Stop taxing tips and overtime pay
- Build a more robust military and stricter border security
He says he’ll make other countries pay more to sell stuff here (that’s what tariffs are). However, the study doesn’t think this will cover all the costs.
Why Should We Care?
You might be thinking, “So what? It’s just numbers.” But here’s why it matters:
- Higher Prices: If we owe too much, things could get more expensive for all of us.
- Less Money for Good Stuff: We might not have enough money to fix roads or help schools.
- Weaker Dollar: Our money might not be worth as much.
What the Experts Say
Maya MacGuineas, an intelligent person who studies this stuff, says both candidates would worsen our money problems. However, Trump’s plans would make things “significantly worse” than Harris’s.
The Bottom Line
No matter who wins, our country will likely owe more money. We all need to consider this when we vote.
Remember, these are just guesses based on what the candidates have said. Things could change! The most important thing is to stay informed and consider how these big decisions could affect you and your family.
Hey there, fellow citizens! Today, we’re diving into some big numbers that could affect all of us. A new study shows that Vice President Kamala Harris and former President Donald Trump have big plans for the country. But here’s the kicker: these plans could make our national debt grow even bigger!
The Big Picture
Right now, our country owes a whopping $35.7 trillion. That’s a lot of zeros! Harris and Trump want to do things that could add to this debt. Let’s break it down:
- Harris’s ideas could add $3.5 trillion to the debt over ten years
- Trump’s plans could add $7.5 trillion at the same time
Wow! That’s a lot of money, right?
What Harris Wants to Do
Harris has some ideas that could cost a lot:
- Keep some tax cuts for people making less than $400,000 a year
- Give more money to families with kids
- Help people pay for health insurance
She says she’ll make big companies and rich people pay more taxes to cover these costs, but the study thinks it might not be enough.
Trump’s Big Plans
Trump also wants to do some expensive things:
- Keep the tax cuts he made when he was president
- Stop taxing tips and overtime pay
- Build a more robust military and stricter border security
He says he’ll make other countries pay more to sell stuff here (that’s what tariffs are). However, the study doesn’t think this will cover all the costs.
Why Should We Care?
You might be thinking, “So what? It’s just numbers.” But here’s why it matters:
- Higher Prices: If we owe too much, things could get more expensive for all of us.
- Less Money for Good Stuff: We might not have enough money to fix roads or help schools.
- Weaker Dollar: Our money might not be worth as much.
What the Experts Say
Maya MacGuineas, an intelligent person who studies this stuff, says both candidates would worsen our money problems. However, Trump’s plans would make things “significantly worse” than Harris’s.
The Bottom Line
No matter who wins, our country will likely owe more money in the future. We all need to consider this when we vote.
Remember, these are just guesses based on what the candidates have said. Things could change! The most important thing is to stay informed and consider how these big decisions could affect you and your family.
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