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National Debt to Swell Under Either Trump Tax Cut or Biden Tax Increase: Report
President Donald Trump and Democratic presidential nominee Joe Biden square off during the first presidential debate at the Case Western Reserve University and Cleveland Clinic in Cleveland, Ohio, on Sept. 29, 2020. Jim Watson, Saul Loeb/AFP via Getty Images
A review of the respective campaign plans of President Donald Trump and Democratic nominee Joe Biden found that, over the next 10 years, both sets of policies would likely lead to the national debt swelling by around $5 trillion.
Biden would get there while raising $4.3 trillion in taxes, while Trump would cutting them by $1.7 trillion, according to a report from a budget policy watchdog.
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
