Former President Trump’s proposals could add as much as $15 trillion to national debt, exacerbating economic burdens on low and middle-income Americans, according to recent analyses.
The Institute on Taxation and Economic Policy's analysis found that Trump's tax and tariff plans would likely result in a tax increase for nearly all income groups, except the top 5%.
Economic analyses suggest Trump's agenda could be regressive, increasing financial strain on the least affluent Americans while elevating costs overall, raising concerns about equity.
Steve Wamhoff from I.T.E.P. remarked on Trump's tax plan, noting its uncommon capacity to raise taxes on most Americans and inflate deficits significantly.
Collection
[
|
...
]