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At the recent Tarnopol Dean’s Lecture Series on the Trump administration and the economy, Wharton experts offered their unvarnished take on the impact of these policies on the capital markets, the dollar, economic growth and job creation—and backed them with analysis based on data. The Penn Wharton Budget Model — which candidates referenced during both the most recent presidential and vice presidential debates — provided insight into its process for creating the policy briefs analyzing candidates' economic proposals ahead of the 2024 election. Kamala Harris critiqued Donald Trump’s economic plan, while the former president highlighted his Wharton School credentials. Interest rates will have to respond when the federal debt grows to 175% of GDP, said Smetters. A Penn Wharton Budget Model brief noted that under current policy, the debt-to-GDP ratio would grow ... The 2024 Trump presidential campaign has endorsed several tax-related policy proposals. The Trump campaign supports extending the expiring provisions of the 2017 Tax Cuts and Jobs Act (TCJA) and recommends additional. reductions in the corporate tax rate to 15 percent. The Penn Wharton Budget Model analysis released Monday estimates the effects of an array of the Trump campaign’s economic proposals, ranging from extending key provisions in the former... Kent Smetters, faculty director of the Penn Wharton Budget Model and Wharton professor of business economics and public policy, joins the show to discuss how much each presidential candidate’s economic plan will cost, including Trump’s Tax Cuts and Jobs Act and Harris’ new proposal for the corporate tax rate. Subscribe Now. Apple Podcasts. The 2024 Trump Campaign Policy Proposals: Budgetary, Economic and Distributional Effects. Potential Trump Campaign Proposal for Lifting the SALT Cap: The Trump campaign has floated a proposal to repeal the SALT cap along with a permanent extension of the expiring provisions of the Tax Cuts and Jobs Act. We estimate that this proposal, to ... As a note, the Wharton Budget Model for Harris-Trump was published before former President Trump’s speech at the Economic Club of New York last week, where he promised trillions of...

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