An Axios analysis found that Trump added $8.4 trillion in borrow
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North Wildwood - An Axios analysis found that Trump added $8.4 trillion in borrowing, including $3.6 trillion in Covid-19 relief, citing the nonpartisan Committee for a Responsible Federal Budget. In contrast, Biden borrowed $4.3 trillion, with $2.1 trillion going to Covid relief. Much of Trump’s non-pandemic debt was due to his 2017 tax cuts, which added $1.9 trillion of debt. His spending packages, passed with bipartisan support, added $2.1 trillion. Biden’s spending bills only added $1.4 trillion, along with $620 billion for his student debt plans and $520 billion supporting health care.
Print Publication Date:
7/03/2024