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/…

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/…

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…

A vote on H.R. 7024 - the Tax Relief for American Families and Workers Act of 2024 - is imminent. We estimate that the bill would reduce revenues by $3 billion over the next decade.

budgetmodel.wharton.upenn.edu/issues/2024/1/…

Today in the The Washington Post, Catherine Rampell cited #PWBM research as she discussed the recent rebound in prime age women's employment. Dive into the details: washingtonpost.com/opinions/2023/…

Professor Kent Smetters talks to Newsweek about why America is headed for an interest payment crisis.

whr.tn/40mViA5

Proposals to increase or decrease IRS funding are both scored as increasing federal deficits.

Our latest brief explains how budgetary scorekeeping guidelines produce those results.

budgetmodel.wharton.upenn.edu/issues/2023/11…