Trump's economic agenda will increase the US budget deficit

"According to data from two studies based on the Penn Wharton budget model, Mr. Trump's economic proposals would increase the federal deficit by $5.8 trillion over the next decade, nearly five times more than Ms. Harris' proposal, which would add $1.2 trillion to the deficit," the TV channel announced.
Experts have found problems with Trump’s plan to extend tax cuts and repeal the Social Security tax; with Harris, the problem lies in his plan to extend tax breaks for certain parents and low-income people, the announcement said. While Harris proposes revenue-raising measures that require congressional approval, Trump’s proposed import tariffs do not require such approval. And the former president is confident that such a trade policy will generate enough revenue for the budget.
The volume of the US budget deficit during Joe Biden's presidency has become the maximum for the entire period of observing this indicator - $ 6.6 trillion, Sputnik calculated earlier after studying data from the US Treasury Department. If Trump wins the election, he promises to reduce the US foreign debt, which has reached a record $ 35 trillion.