Biden Tax Plan Would Raise Over $3 Trillion, Penn Wharton Says

Biden Tax Plan Would Raise Over $3 Trillion, Penn Wharton Says

Penn Wharton Budget Model

Democratic presidential candidate Joe Biden's tax plan would raise $3.1 trillion, including macroeconomic effects, or $3.7 trillion without macroeconomic effects, over 10 years, with almost 54 percent of the tax increases falling on the top 0.1 percent of income earners, the Penn Wharton Budget Model estimated in a March 10 report.

Democratic presidential candidate Joe Biden's tax plan would raise $3.1 trillion, including macroeconomic effects, or $3.7 trillion without macroeconomic effects, over 10 years, with almost 54 percent of the tax increases falling on the top 0.1 percent of income earners, the Penn Wharton Budget Model estimated in a March 10 report.

Democratic presidential candidate Joe Biden’s tax plan would raise $3.1 trillion, including macroeconomic effects, or $3.7 trillion without macroeconomic effects, over 10 years, with almost 54 percent of the tax increases falling on the top 0.1 percent of income earners, the Penn Wharton Budget Model estimated in a March 10 report.

Democratic presidential candidate Joe Biden’s tax plan would raise $3.1 trillion, including macroeconomic effects, or $3.7 trillion without macroeconomic effects, over 10 years, with almost 54 percent of the tax increases falling on the top 0.1 percent of income earners, the Penn Wharton Budget Model estimated in a March 10 report.