His administration is also working on a tax plan that it has said would be revealed by early March that will revamp business taxes. Trump may give further details on both in his joint address to Congress Tuesday.
While it is too soon to project Trump’s impact on the debt, the Council on Foreign Relations expects the debt will grow under Trump given his pledge not to cut entitlements, to increase spending on defense and infrastructure, and to cut corporate taxes.
This article was provided by Bloomberg News.