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The University of PA Wharton Business, Pres. Trump's alma mater, did an analysis of the Biden Plan for the economy.
But the analysis, published on Monday, found that Biden's proposals on education, infrastructure and health care would largely pay for themselves. That would be in part by raising taxes, but also by boosting wages and lowering health care costs.
"If you got the U.S. on this path, you would lower the debt and raise GDP," said Richard Prisinzano, the director of policy analysis at the Penn Wharton Budget Model, a nonpartisan group at the top business school. "It is productive spending that Mr. Biden is proposing."
Wharton's analysis was compiled over the past few weeks, and does not include Biden's recent proposal to penalize, through higher taxes, companies that move jobs and manufacturing overseas. Penn Wharton could not do a similar analysis for Mr. Trump, according to Prisinzano, because the Republican incumbent hasn't offered any plans for his second term with enough detail to do an analysis.
Trump alma mater says Biden plan would lead to more economic growth
But the analysis, published on Monday, found that Biden's proposals on education, infrastructure and health care would largely pay for themselves. That would be in part by raising taxes, but also by boosting wages and lowering health care costs.
"If you got the U.S. on this path, you would lower the debt and raise GDP," said Richard Prisinzano, the director of policy analysis at the Penn Wharton Budget Model, a nonpartisan group at the top business school. "It is productive spending that Mr. Biden is proposing."
Wharton's analysis was compiled over the past few weeks, and does not include Biden's recent proposal to penalize, through higher taxes, companies that move jobs and manufacturing overseas. Penn Wharton could not do a similar analysis for Mr. Trump, according to Prisinzano, because the Republican incumbent hasn't offered any plans for his second term with enough detail to do an analysis.
Trump alma mater says Biden plan would lead to more economic growth
