Penn Wharton Budget Model Projects That The American Jobs Plan Will Raise $2.1 Trillion by 2030 and Decrease Federal Debt by 6.4% by 2050
Share Article PHILADELPHIA (PRWEB) April 07, 2021 On March 31, President Biden announced The American Jobs Plan–a $2.7 trillion plan to invest in American infrastructure. The plan includes spending provisions aimed at rebuilding various sectors of American infrastructure and financing provisions which would increase business taxes, notably raising the corporate tax rate from 21% to 28%.
The Penn Wharton Budget Model (PWBM) at the Wharton School of the University of Pennsylvania today released a report analyzing the budgetary and economic effects of the plan’s changes to the tax code and $2.7 trillion in public investment.
Penn Wharton Budget Model Projects the Economic Effects of President Biden’s $1.9 Trillion COVID Relief Plan
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Relief package will increase GDP in the short-term, but most direct payments will go toward household savings and produce limited stimulative effects PHILADELPHIA (PRWEB) February 03, 2021 On January 14, 2021, the Biden administration released a $1.9 trillion emergency rescue package to provide economic relief during the ongoing coronavirus pandemic and recession. The Penn Wharton Budget Model (PWBM) at the Wharton School of the University of Pennsylvania today released three briefs analyzing the Biden COVID relief plan, including the budgetary and distributional effects of direct aid and the plan’s overall macroeconomic impact.