The Wharton School of Business (from which Donald Trump graduated), has released its analysis of Joe Biden’s economic plan.

According to the analysts creating the Penn Wharton Budget Model*, Biden’s programs will raise the debt by approximately $2 trillion by 2030. It would then, however, reduce the debt by a healthy 6.1% by 2050.

The Middle Class Won’t Get a Tax Hike

As Biden promised during his presidential debates with Donald Trump, his tax increase on the wealthy would not affect Americans earning less than $400,000 per year.

One key component of Biden’s economic plan includes spending $2 trillion on the Green New Deal, which aims to help replace fossil fuels and related technologies with renewable fuel sources. There is a growing rift between Biden’s centrist wing of the Democratic party and far-left members like Alexandria Ocasio-Cortez. AOC and her allies want more spending on the Green New Deal.

*The Penn Wharton Budget Model is a widely used economic forecasting model used by neutral organizations like the Tax Policy Center.