Top Media Hits From Our Preliminary Update to Promises and Price Tags
We released our new report Promises and Price Tags: A Preliminary Update this week, finding that Democratic presidential candidate Hillary Clinton’s plans would increase the debt by $200 billion over a decade above current law levels (compared to our prior estimate of $250 billion), while Republican presidential candidate Donald Trump’s plans would increase the debt by $5.3 trillion (compared to our prior estimate of $11.5 trillion).
This new analysis – which is an update to our initial Promises and Price Tags report released in June – has received a tremendous amount of media coverage around the country, including in The Washington Post, Washington Examiner, Huffington Post, CNN Money, Reuters, The Fiscal Times, CNBC, and many other media outlets around the country. Here are the top highlights:
1. CNN International interview with our president, Maya MacGuineas: "Debt is at near record-levels, the deficit is growing, interest payments are the fastest growing part of the budget, and neither candidate has a plan that would put a single penny towards slowing the growth of the debt." – Maya MacGuineas
2. CNBC Interview with Maya MacGuineas: "Both candidates have focused on the importance of growing the economy but they haven't recognized that getting the debt under control is a huge piece of growing the economy." – Maya MacGuineas
3. Nightly Business Report: "According to the nonpartisan Committee for a Responsible Federal Budget, which advocates fiscal restraint, Clinton's updated estate tax and other new proposals would generate $260 billion over the next decade. That same think tank analyzed both Clinton's and Trumps's tax and spending proposals and found that Trump's would increase the debt 26 times more that Clinton's."
4. CNN: "The Committee for a Responsible Federal Budget has redone the numbers...and what we know is that both candidates would add to the national debt."
5. Clinton Seeks Big Jump in Estate Tax (The Wall Street Journal): "The increase in estate and gift taxes and other new items Mrs. Clinton detailed Thursday follow two ideas central to her campaign...The latest proposals would generate $260 billion over the next decade, enough to pay for her plans to simplify small-business taxes and expand the child tax credit, according to the nonpartisan Committee for a Responsible Federal Budget, which advocates fiscal restraint."
6. Analysis: Trump proposals would add $5.3 trillion to debt (Associated Press): "A new analysis from a nonpartisan group finds that Donald Trump's latest tax proposals would increase the federal debt by $5.3 trillion over the next decade, compared with $200 billion if Hillary Clinton's ideas were enacted."
7. Trump v. Clinton: Comparing the costs of their plans (CBS News): "The latest estimate shows Clinton’s economic plan would add $200 billion to the national debt over the next decade, while Donald Trump’s would add $5.3 trillion – or 26.5 times as much as Clinton’s – according to a new report from the nonpartisan Committee for a Responsible Federal Budget (CRFB)."