How Harris' and Trump's Tax and Spending Plans Affect US Debt
- by U.S. News & World Report
- Sep 10, 2024
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Harris' plans, which include expanding the Child Tax Credit, a $6,000 bonus tax credit for newborns, a $25,000 first-time homebuyer tax credit, and no taxes on tips, could reduce deficits by as much as $400 billion or add up to $1.4 trillion to deficits over a decade, the same forecasters calculated.
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