Lower capital gains tax, cuts to food benefits: What Project 2025 could mean for your wallet in a Trump presidency

As the presidential election heats up, both parties are talking about Project 2025, a collection of policy plans developed by conservative think tank The Heritage Foundation in conjunction with more than 100 other right-leaning organizations.

If enacted, Project 2025 would bring major changes to Americans’ finances.

Aiming to “pave the way for an effective conservative administration,” the roughly 900-page “mandate” proposes an overhaul of the federal government and sweeping policy changes that would affect families’ taxes, savings and more. The Heritage Foundation launched the project in 2022 and published the policy collection in April 2023.

President Joe Biden and Democrats have pointed to Project 2025 as an example of what a second term from former President Donald Trump could look like. Biden has a page on his campaign website about the project, describing it “as a blueprint for Trump to implement.”

However, in recent weeks, Trump has made statements distancing himself from the policy proposals.

“I know nothing about Project 2025. I have not seen it, have no idea who is in charge of it, and, unlike our very well received Republican Platform, had nothing to do with it,” Trump wrote on July 11 in a Truth Social post.

Yet while Trump may not embrace the treatise, its creators have certainly embraced Trump. Several people who formerly worked for Trump were involved in creating the playbook, and a recently resurfaced video from April 2022 shows Trump speaking at a Heritage Foundation gala about the group’s plans.

“This is a great group,” Trump can be seen saying, “and they’re going to lay the groundwork and detail plans for exactly what our movement will do and what your movement will do when the American people give us