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Trump added twice as much to the national debt as Biden: Analysis

Donald Trump,Joe Biden,Economy And Jobs,Politics,2024 Presidential Election,National Debt,Federal Spending

From the Center

The fiscal policies of the Trump administration added twice the amount to the national deficit as have President Biden’s, a new analysis has found.

Trump’s administration borrowed $8.4 trillion during the former president’s time in office, while Biden has borrowed $4.3 trillion, according to an analysis by the Committee for a Responsible Federal Budget (CRFB), a Washington think tank.

Ignoring the pandemic relief measures enacted by both presidents, the proportion of debt addition still holds around 2-to-1, with former President Trump adding $4.8 trillion in non-pandemic-aid fiscal debt and Biden adding $2.2 trillion.

Those additions were mostly due to the Tax Cuts and Jobs Act (TCJA), changes to the Affordable Care Act, and different budgetary acts in 2018 and 2019.

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