VP Harris's Unspecified Policy Options Could Wipe Out Deficit Reduction from Tax Hikes

10-Year Conventional Revenue Impact of VP Harris's Revenue and Spending Proposals, Billions of Dollars

Note: Harris's spending changes include the 2025-2034 costs for border security, support for business, early education and childcare, higher education, family and medical leave, and long-term care programs as estimated by the Committee for a Responsible Federal Budget.
Source: Tax Foundation General Equilibrium Model, August 2024; Garrett Watson, Erica York, William McBride, Alex Muresianu, Huaqun Li, Alex Durante, "Details and Analysis of President Biden’s Fiscal Year 2025 Budget Proposal"; Committee for a Responsible Federal Budget, "The Fiscal Impact of the Harris and Trump Campaign Plans"; and author calculations.
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