Report: Trump proposals would add $5.3 trillion to debt
DAYTON DAILY NEWS VIA AP
Republican presidential candidate Donald Trump speaks with Steve Staub, right, president of Staub Manufacturing Solutions and his sister, Sandy Keplinger, vice president, today in Dayton, Ohio.
DENVER » A new analysis from a nonpartisan group finds that Donald Trump’s latest tax proposals would increase the federal debt by $5.3 trillion over the next decade, compared with $200 billion if Hillary Clinton’s ideas were enacted.
The Committee for a Responsible Federal Budget looked at Trump’s newly revised tax plan as well as other proposals. However, it says its analysis can’t be certain of the actual size of Trump’s tax plan because his campaign won’t spell out how it will treat certain businesses’ tax liabilities. The committee took a “mid-range guess” between two estimates provided by the nonpartisan Tax Foundation.
When Trump introduced his economic plan last week, he vowed that his tax cuts would be paid for partly by triggering record economic growth. The committee was skeptical and presumed these steps would generate no new growth. Several economists have projected that Trump’s economic agenda — especially his restrictions on immigration and trade — would slow economic growth and possibly cause a recession.
Trump has also proposed a sharp increase in spending on the military and veterans. He has proposed some spending cuts, but the committee calculated they wouldn’t come close to balancing the budget.
The cost of Clinton’s plan comes largely from her proposals for free college in some circumstances, child care aid and universal pre-K for 4-year-olds. She proposes paying for them with tax hikes on the rich and businesses.
48 responses to “Report: Trump proposals would add $5.3 trillion to debt”
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Increase the federal debt by $5.3 billion? Isn’t that the opposite of what he said he’ll do? Is he worse than the “worst president ever?”
No problem, he doesn’t intend to keep his promises, will forget what he promised anyway. No child care benefits, no great wall, no hiring 50,000 immigration agents to do his “extreme vetting.”
No prob for Trump. He’ll just hand the keys of the country over to Putin, then blame him for everything bad that happens.
*$5.3 TRILLION. It gets worse and worse.
Typical tax cuts for the rich and free spender Republican.
IRT MM, the Committee for a Responsible Federal Budget in Denver? Give us a break. Numbers don’t lie, but liars for certain play with numbers. Should it be that the U.S. Debt will be $5.3 Trillion in 10 year. A reduction of $14.2 Trillion from today’s $19.5 Trillion (of which $10.5 Trillion has been added by Hawaii Born President Obama in 8 years).
Obama doubled the debt in 8 years. That’s a fact. Give Trump a break.
These are facts:
Obama didn’t double the debt; the debt doubled during Obama’s Presidency. Big difference.
Obama took office while the economy was in freefall as a result of the Great Bush Recession.
Stimulus spending was critically important to recover from the Great Bush Recession.
Social safety net program spending soared as a result of the Great Bush Recession.
Congress has a very significant role in taxation and spending
So sad that you don’t know the difference between the federal budget deficit (or surplus) and the national debt. Just remember that Obama became president during the worst recession since the great depression and the budget deficit was well over a trillion dollars. Today it is far less. As far as the national debt yes it has risen under Obama but just remember it cannot drop when the budget has deficits. Who is more likely to give us surpluses, the Donald, a witch doctor or Hillary Clinton, whose husband was the last president to actually balance the budget? Answer should be obvious to the most casual observer.
Talking about taxes, when’s Donald going to show them?
When Hell freezes over. 🙂
When will Hillary present the transcripts of her speeches to Wall Street, the ones she was paid hundreds of thousands of dollars for? Obviously never since they have bought her with their campaign contributions. 75% of Clinton’s contributions are from people donating over $200. Amazing how much time she courts dollars from big contributors. Candidate of the people?
Transcripts of a speech? Duh.
Why cherry pick all the negative Trump news–HI is 100% Democratic I don’t think a Republican running for any office has a chance. Report on what the D’s have done to HI in the past 60 years.
We could start with education. They’ve destroyed it. Highest paid teachers in the nation, delivering the worst product in the nation, and of course, let’s not forget, at the highest cost. Recent report said 95% of our high school graduates weren’t capable of college level work, but Democrats want to give everyone a raise. I think the Guinness boys said it best: “BRILLIANT!”
Second: we could move right into our natural resources. Democrats have destroyed them in their quest to dip their beaks at every turn. No longer is a Hawaii politician a Statesman. They seek office to enrich themselves. They have decimated this island in their quest for cash. Buildings on every corner. Buildings on top of buildings. Fined by the EPA every day for uncontrollable sewage discharges. Our state, once a beautiful place, has become a decimated wreck of concrete and outstretched hands.
So Hawaii had excellent education prior to 1954 when those mean old democrats took over? Don’t think so.
Hawai’i wasn’t a state in 1954, similar to Puerto Rico. Look at their progress.
You complain about everything here every day. Everything.
Why do you live here?
Truth hurts doesn’t it Boots and Klastri. The Demoncrats are very afraid of government unions, that is why they always give in to their demands. Just look back at the last two negotiated contract with HSTA. Both sides of the negotiating table have lawyers in them, they negotiated cotracts that both knew would not pass HI state constitutionality test. Teachers got their raises but they did not hold their part of the bargain one case in point random drug testing for teachers; did that ever materialized???? When many politicians and government workers send their children to private school instead of sending to public school system, you know they don’t give a rat’s a55 because they don’t have stake in the process, they don’t give a rat’s a55 because it is THE REAL TAX PAYERS money being spent on litigations and pay raises to the lazy government union members and their bosses.
All of his Economic proposals do not add up, and this is echoed by hundreds of economist.
More good news for Trumpettes, Democratic nominee Hillary Clinton holds a huge lead over rival Donald Trump among Hispanic voters, according to a new Wall Street Journal/NBC poll out Thursday.
Among likely Hispanic voters, Clinton earns 65 percent of support compared to Trump’s 17 percent, the poll finds. Libertarian candidate Gary Johnson earned 9 percent while Green Party candidate Jill Stein has 2.
A vast majority of Hispanics surveyed – 8 in 10 – have negative views of the Republican nominee. Seven in 10 have “very negative” feelings of Trump, according to the poll, while only 15 percent hav
Read more: http://www.politico.com/story/2016/09/poll-clinton-trump-hispanic-voters-228508#ixzz4KzJMusgQ
Ike, good numbers for Trump. 24% undecided.
9/22 Rasmussen poll in four way race: Trump 44%, Clinton 39%.
Ram polls are historically R biased; you need to read up more about how methodology and appropriate sample size.
Source for your claim of R based history? My graduate work was in statistics. Was yours?
Hmmmmn, since you asked: polls conducted by the firm Rasmussen Reports — which released more than 100 surveys in the final three weeks of the campaign, including some commissioned under a subsidiary on behalf of Fox News — badly missed the margin in many states, and also exhibited a considerable bias toward R candidates. NYT
Or,http://fivethirtyeight.blogs.nytimes.com/2012/11/10/which-polls-fared-best-and-worst-in-the-2012-presidential-race/
The 2012 race between Barack Obama and Mitt Romney provided a more recent example of convenience-sampling bias. Obama eventually won 51.1 percent of the popular vote. However, the final polls from Rasmussen Reports had Romney favored to win in most states. Why did it predict the wrong candidate to win? There could be lots of different reasons, but one hypothesis is convenience-sampling bias. Rasmussen Reports mostly finds its sample group through landline phones, which many people no longer use.
Pray tell, where did you get this flimsy stats degree–as this is the most basic of knowledge? My degrees since undergraduate include an MBA and LL.M from the college of Elihu.
Don’t worry, Trump will blame everyone else for the $5 trillion including dead presidents, Mexico, and even his good old boy Putin. Trump will then declare that the US is bankrupt and his “blind trust” will buy the debt for $1 per Billion.
Total AP/MSM/SA BS. hiLIARy’s nosediving Poll #’s has the clinton cartel pushing the RED BUTTON on ordering the MSM to intensify the skewed publicity BS.
Trump Pence 2016
“Make America Great Again”
You are the master of finding obscure articles that support Trump and your pitful misconceptions, and of ignoring real facts.
Read the FIRST sentence of this article. These are findings from a NONPARTISAN group. Your hero is scared and desperate, making false promises to avoid being embarrassed by bad poll numbers.
As reality sets in (maybe even for you, there’s hope) and people recognize his empty promises, poll numbers and final voting will be lopsided. Get off the Trump bus now!
Stop your knuckledragging and smell the coffee. hiLIARy has American Blood on her hands..The Donald has none.
“Read the FIRST sentence of this article.” AP…get it? NONPARTISAN…so was the DOJ. IRS, DOD State Dept…get it?
Oh please grow up same old republican lies.
nitro08..no one can accuse of being misinformed.
nitro08……accuse “you” of….
Yes, it is time to trim the stock market. Lets get it back to under 7,000. lol
Vote for the Donald and watch your investments shrink. He will continue the republican tradition of making the previous republican president look good. Hard to imagine considering who the previous rep. president was. Sure don’t want to experience it.
So you voting for Gary or Jill…or hiLIARy? I’m voting for The Donald…the MOST qualified one of the 2…easy choice hands down…a successful business man versus a 30+ years of what accomplishments again (besides having American Blood on her hands)?
I was going to vote for sweet Jill or Johnson but with all the outright lies about Hillary, I am probably going to vote for her after all. The Donald has been given so many passes and if the race has tightened, well I want to vote for the candidate who is at least capable of being president.
The Donald has also shown himself to be militaristic which means he would be just as like to start a war as Hillary.
lol ok Boots
That’s way less than Obama. The upside is more jobs and tax revenue. Hilliary’s plan is college free tuition? If that’s such a good idea why haven’t they done it in the last 40 years. Just more lies.
The upside is Trump would (if he theoretically can fool more people and get elected) be that he’ll just declare bankruptcy for the USA, then he’ll walk away. As you know, that is his main business model. And don’t act like you don’t know that.
Reality check: you got fooled TWICE…look where America is now.
Reading comprehension: I said look at Trump’s business model. Look at his pattern of saying things that sound neat, but not even paying attention to what he’s saying.
Stay on THIS topic, please.
In another thread we’ll address the other topics.
knuckledragger..I meant O in your “(if he theoretically can fool more people and get elected)”…you need to get smart.
Actually they have. After WWII, vets were given free college education and the country had a period of good economic growth until a republican got in that put an end to it. (Uncle Ron aka 666) So point is what do you want? I am tired of republicans preaching cutting government but then increasing the military industrial complex which really does not add all that much to the economy except more socialism for the rich.
How can you cut government spending when you increase the spending on the military and you plan on building a 50 ft. wall along the southern border? No, obviously the Donald wants to increase spending and he is also for more tax cuts. The Donald as president would mean a lot more red ink. He would probably make G W Bush look tight. Obviously the Donald would continue the republican tradition of making the prior republican president look good.
O still got your eyelids over your blind eyes.
cnbc: latest “military times” poll: trump 39.8, johnson 36.1, female felon 14.1
the female felon does a funny, funny interview.
no, really, she shows her funny side.
https://www.yahoo.com/news/hillary-clinton-between-two-ferns-interview-135103276.html
“My Greatest Bankruptcy Folks, would be the Bankruptcy of The USA”. Yes,Believe Me, I’m the an expert on this Matter, having done it 5 TIMES!!!. I have a whole ARMY of Lawyers!! Yes.Junior analogy of 3 skittles left. NO,NO,NO…No skittles left. OH and if you really didn’t know, Jr. used skittles because it was made famous by a b—- man by the name of Beastmode. And if all was poison, well, it would still be eaten. LET’S MAKE AMERICA GRAPES AGAIN. ( John Steinbeck GRAPES OF WRATH)
Yes, bankruptcy. It’s what made America great (for those who know how to exploit it).
Make America Great for Donald!
Clinton signed into law the Bankruptcy Reform Act of 1994. What’s against the law here?
MM I totally agree with you. This should be The Donald’s new campaign slogan…actually it’s been his slogan all along….only his followers haven’t caught on yet or refuse to admit it to themselves. Proposed tax breaks for the billionaires (including himself), saying that manufacturers shouldn’t take their businesses overseas (but he has), and the best one of all, using other people’s money who donated to his bogus charity to pay off his own personal debts. He is so dirty, he fits right in with a lot of politicians except he is already corrupt instead of becoming corrupt if he gets elected – HEAVEN FORBID.