Penn Wharton Budget Model
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@Penn @Wharton Budget Model provides accessible, transparent, and nonpartisan economic analysis of public policy issues without policy advocacy. #PWBM
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https://budgetmodel.wharton.upenn.edu/ 17-06-2014 19:38:27
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We estimate that H.R. 7160 - which would retroactively raise the SALT cap for 2023 from $10,000 to $20,000 for joint filers making less than $500,000 - would reduce revenues by $12 billion. All of the revenue loss would occur in fiscal year 2024. budgetmodel.wharton.upenn.edu/estimates/2024…
While the House considers doubling the SALT cap for married filers in 2023, we have estimated the cost of various SALT adjustments starting in 2024. Their long-term cost would depend on whether lawmakers extend other TCJA provisions beyond 2025. budgetmodel.wharton.upenn.edu/issues/2024/2/…
President Biden recently announced additional plans for student debt relief. We estimate those new plans will cost $84 billion, which is on top of the $475 billion cost of the SAVE plan. Our new brief explains how borrowers will be affected by the change. budgetmodel.wharton.upenn.edu/issues/2024/4/…
After TCJA, multinationals paid a lower effective corporate tax rate in the U.S. That change coincided with the effective rate remaining relatively stable in the rest of the world and continued domestic concentration of multinational activity. budgetmodel.wharton.upenn.edu/issues/2024/4/…
We have analyzed three illustrative policy bundles that would reduce federal debt relative to baseline projections. Each bundle has its own distinct policy theme that reflects our discussions with experts from across the policy spectrum. Read more here: budgetmodel.wharton.upenn.edu/issues/2024/4/…
This will be a very good event on May 13. AEI Economics Penn Wharton Budget Model aei.org/events/federal…
Join us and American Enterprise Institute on 5/13 in DC for a deep dive into the US fiscal trajectory, its economic effects, and reform options. Our expert panels from academia, government, and industry will provide valuable insights. Register here to attend in person or online! aei.org/events/federal…
We estimate that President Biden’s FY25 budget proposal would reduce primary deficits by $1.7 trillion over the next 10 years. Over the longer term, the policies would make today's lower- to middle-income households and future generations better off. budgetmodel.wharton.upenn.edu/issues/2024/5/…
Several provisions of the 2017 Tax Cuts and Jobs Act are scheduled to expire by the end of 2025. We estimate that extending them would increase primary budget deficits by $3.8 trillion over the next decade, after accounting for economic feedback effects. budgetmodel.wharton.upenn.edu/issues/2024/5/…
