Trump's Economic Plans Could Add Over $4 Trillion to Deficit, Analysis Shows

Extending 2017 tax cuts and eliminating Social Security taxes are key drivers of projected deficit increase.

Penn Wharton Budget Model estimates Trump's proposals could increase deficits by $5.8 trillion on a static basis and $4.1 trillion dynamically.
Extending individual tax cuts from the 2017 Tax Cuts and Jobs Act would add $3.4 trillion to the deficit over the next decade.
Eliminating taxes on Social Security benefits and lowering the corporate tax rate to 15% are projected to cost $1.2 trillion and $595 billion respectively.
The analysis did not account for potential tariffs or the elimination of taxes on tips, citing insufficient details.
Both Trump and Harris face scrutiny for not addressing the growing national debt in their economic proposals.