?
In companion analyses, we will show:
- Roughly?77 percent?of President Trump’s approved ten-year debt came from bipartisan legislation, and?29 percent?of the net ten-year debt President Biden has approved thus far came from bipartisan legislation. The rest was from partisan actions.
- President Trump approved?$2.2 trillion?of debt in his first two years in office and?$6.2 trillion?($2.6 trillion non-COVID) in his second two years. President Biden approved?$4.9 trillion?($2.9 trillion non-COVID) in his first two years in office and has so far approved over?$600 billion?of net ten-year deficit reduction since.?
- President Trump approved?$5.9 trillion?of net spending increases including interest ($2.8 trillion non-COVID) and?$2.5 trillion?of net tax cuts ($2.0 trillion non-COVID). President Biden has approved?$4.3 trillion?of net spending increases including interest ($2.3 trillion non-COVID) and roughly?$0?of net tax changes ($60 billion revenue increase non-COVID).
- Debt held by the public rose by?$7.2 trillion?during President Trump’s term including?$5.9 trillion?in the first three years and five months. Debt held by the public has grown by?$6.0 trillion?during President Biden’s term so far.?
- President Trump’s executive actions added less than?$20 billion?to ten-year debt on net. President Biden’s executive actions have added?$1.2 trillion?to ten-year debt so far.?
- The President’s budget was on average?39 days?late under President Trump and?58 days?late under President Biden.?
Summary Table: Executive Actions Legislation Approved by Presidents Trump Biden
| Policy | Ten-Year Debt Impact | Partisan/Bipartisan |
|---|---|---|
| President Trump (January 20, 2017-January 20, 2021) | ||
| Tax Cuts Jobs Act | +$1.9 trillion | Partisan |
| Bipartisan Budget Acts of 2018 2019 | +$2.1 trillion | Bipartisan |
| ACA Tax Delays Repeals | +$539 billion | Bipartisan |
| Health Executive Actions | +$456 billion | Partisan (Executive Action) |
| Other Legislation | +$310 billion | Bipartisan |
| New Increased Tariffs | -$443 billion | Partisan (Executive Action) |
| CARES Act | +$1.9 trillion | Bipartisan |
| Response Relief Act | +$983 billion | Bipartisan |
| Other COVID Relief | +$756 billion | Bipartisan* |
| Total, Debt Impact Under President Trump | +$8.4 trillion | Partisan:?+$1.9 trillion Bipartisan:?+$6.5 trillion |
| ? | ? | ? |
| President Biden (January 20, 2021-June 21, 2024) | ||
| Appropriations for FY 2022 2023 | +$1.4 trillion | Bipartisan |
| Honoring Our PACT Act | +$520 billion | Bipartisan |
| Bipartisan Infrastructure Law | +$439 billion | Bipartisan |
| Other Legislation | +$422 billion | Bipartisan |
| Student Debt Actions | +$620 billion | Partisan (Executive Action) |
| Other Executive Actions | +$548 billion | Partisan (Executive Action) |
| Fiscal Responsibility Act | -$1.5 trillion | Bipartisan |
| Inflation Reduction Act | -$252 billion | Partisan |
| Deficit-Reducing Executive Actions | -$129 billion | Partisan (Executive Action) |
| American Rescue Plan Act | +$2.1 trillion | Partisan |
| Total, Debt Impact Under President Biden | +$4.3 trillion |
Partisan:?+$3.0 trillion |
?
?
https://www.crfb.org/papers/trump-and-biden-national-debt
?
?
都是花花花
?
?
?
?
?
更多我的博客文章>>>
