Washington - A new Washington study says Donald Trump’s tax and budget plans would make the national debt skyrocket by $10 trillion or more over the coming decade, mostly because of his ambitious and expensive tax cuts.

The Committee for a Responsible Federal Budget says Democrat Hillary Clinton’s agenda — which relies on tax increases to pay for proposals such as making the Affordable Care Act more generous — would increase the debt by about $250 billion over 10 years.

Trump’s measure is considered important, because if the debt gets too large it would cause higher interest rates, be a severe drag on national investment and growth, and potentially lead to a fiscal crisis. Interest costs would also squeeze out other priorities such as defense, education and infrastructure investment.

Trump’s tax plans, which include lowering the top income tax bracket from 39.6 percent to 25 percent and the top corporate rate from 35 percent to 15 percent, would add $9 trillion-plus to cumulative deficits over a decade. Clinton would increase taxes by $1.25 trillion over the same period, chiefly through a 4 percent surtax on top earners and a limit on deductions taken by the wealthy.... Read More: VIN