Analytics at Wharton
Penn Wharton Budget Model Analyzes the Biden 2020 Campaign Platform
As Election Day 2020 draws closer, the Biden campaign has unveiled a substantial list of policy proposals. The Penn Wharton Budget Model (PWBM) at the Wharton School of the University of Pennsylvania has analyzed the budgetary and economic effects of Biden’s tax and spending plans across seven categories: immigration, tax, education, infrastructure and R&D, housing, Social Security, and healthcare. Over ten years, the Biden platform would raise $3.375 trillion in new tax revenue while increasing spending by $5.35 trillion.