#Smetters

Federal budget rules could mask Social Security's looming insolvency by scoring general revenue transfers as costless, warns a Penn Wharton expert.

White House budgets usually amount to nothing more than "vision statements" -- and the latest one suffers from undue optimism about economic growth and a troubling expansion of the deficit, experts say.…Read More

Proposed tax legislation speeding through Congress will enlarge the deficit and offer meager gains to low- and middle-income groups. It may also open up huge business tax loopholes, says Wharton's Kent Smetters, …Read More

Finding ways to raise revenue and avoiding excessive government debt are the top hurdles, say experts.…Read More

There is wide agreement that U.S. tax codes need modernizing. A collection of articles by top tax experts offers a starting point for thinking about reforms.

The Trump administration’s review of the fiduciary rule for financial advisors brings uncertainty to retirement planning, but investors could still protect themselves, says Wharton’s Kent Smetters.…Read More

Donald Trump’s plans to invest in infrastructure could stimulate the U.S. economy and create jobs, but tax cuts could smother long-term growth, says Wharton’s Kent Smetters.…Read More

The Penn Wharton Budget Model shows that Donald Trump’s tax plan is better for the economy in the short run but Hillary Clinton’s is best in the long run.

A free federal budget simulation tool developed at Wharton and Penn is producing new thinking around two areas very high on the public agenda: Social Security and immigration.