Trump's Tax Plan: So Terrific That It Would Add More Debt Than Obama's Seven Years In Office


When Barack Obama took office, America’s national debt was $10.6 trillion. It's now $19.0 trillion—an increase of $8.4 trillion in just seven years, or $1.2 trillion per year.

One of the key reasons the Tea Party movement was founded was out of frustration with this skyrocketing debt. Yet Republican presidential candidate Donald Trump's proposed tax plan would increase the national debt by $10.1 trillion, according to scoring by the nonpartisan Tax Foundation. And that's after taking into account the increased economic growth that Trump's plan would generate. (Without such growth—and liberal scorekeepers would say the Tax Foundation's model is overly generous in projecting growth—Trump's tax plan would increase deficits by $12.0 trillion.)

http://townhall.com/tipsheet/mattvespa/2016/01/28/trumps-tax-plan-so-terrific-that-it-would-add-more-debt-than-obamas-seven-years-in-office-n2110595