Fact-check · Nov 2, 2026 · Donald Trump
“Raising your taxes by trillions of dollars”
MOSTLY TRUE
What the record shows
Harris-Walz campaign proposed $5 trillion in tax increases over 10 years (2025-2034), offset by $4 trillion in tax credits/breaks for net $1 trillion revenue gain. Other Democratic proposals range from $1 trillion to $15 trillion depending on scope.
Claim uses plural 'trillions' and references Democratic tax proposals. Harris-Walz plan ($5T increases) and other Democratic proposals do involve trillions, but the net effect after credits is smaller, and proposals vary significantly.
Sources
- House Democrats propose tax increases in $3.5 trillion budget bill
- Democrats Head Into Elections Pushing $1.5 Trillion Tax Increase
- Democrats Call for Trillion Dollar Tax Hike - Americans for Tax Reform
- Scalise: Democrats Want Multi-Trillion Dollar Tax Increase
- Dems Debate Tax Reforms as They Eye an Affordability Agenda
- Democratic Economists Are Already Rolling Out Post-Election Tax Hikes
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