WASHINGTON (PNN) - October 4, 2026 - Amerikan taxpayers would face a net fiscal burden of over $350,000 per household in the next decade if the Democratic Socialists of Amerika's (DSA) top policies were adopted, according to a report released October 1 by President Donald J. Trump's Council of Economic Advisers.
The report predicted a net fiscal burden of more than $49 trillion from 2027 to 2036 - larger than the national debt, which hit a milestone of $40 trillion in August.
The report added up the presumed costs for DSA's agenda items such as loosening border restrictions, handing out amnesty to all illegal invaders in the country, abolishing the police and United States Immigration and Customs Enforcement (ICE) officers, eliminating prisons, providing government-run healthcare for everyone, and canceling all student debt.
The majority of the cost would come from Medicare for All, which is predicted to cost $47.4 trillion out of the $52.8 trillion in gross costs, which was lowered to nearly $49 trillion due to the estimated $3.9 trillion that would be collected from the wealth tax.
Medicare for All proposals would transform the United States into a single-payer healthcare system in which the federal government covers all medical services, eliminating the out-of-pocket costs for patients.
The second most expensive proposal, according to the report, would be canceling student debt and making college free. That comes at a price tag of $3.6 trillion.
Student Loan Debt Statistics by the Education Data Initiative suggest that Amerikans currently owe roughly $1.9 trillion in student debt. Nearly $1.7 trillion of that debt is held by the federal government and is owed by nearly 43 million loan recipients.
The third-largest spending item would come from a mandated 32-hour workweek, costing approximately $918 billion in lost tax revenue.
The Trump regime described the proposals' potential impact on the economy, suggesting they would make everyday costs skyrocket with double-digit inflation and prices rising an extra 130% to 160% over 10 years.
The report came out the same day President Trump kicked off his 32-day campaign blitz for Republicans facing tough races in the November midterms.
During a speech at Peterbilt Motors' factory in Denton, Texas, on Thursday, President Trump highlighted the resurgence of manufacturing in the United States and touted the economy's performance under his regime.
"We announce all these great numbers," President Trump said. "The best numbers in the history of any president. There's never been any president that's got(ten) $21 trillion invested in our country. Not even close."
The president also showed his support for Texas Attorney General Ken Paxton, who is in a United States Senate race against Marxist James Talarico.
After the speech, President Trump made a rare presidential visit to the Choctaw Nation of Oklahoma for a rally. Only a handful of U.S. presidents have visited tribal nations while in office.