Wednesday, September 26, 2018
Richard Prisinzano (Pennsylvania) presents The Penn Wharton Budget Model: Informing the Tax Policy Debate at Pennsylvania today as part of its Tax Law and Policy Workshop Series hosted by Michael Knoll, Chris Sanchirico, and Reed Shuldiner:
The speaker will discuss how the Penn Wharton Budget Model works and how it has been applied to recent tax policy issues. He has provided a series of short readings for the presentation:
About the Penn Wharton Budget Model: "PWBM is a nonpartisan, research-based initiative that provides accurate, accessible and transparent economic analysis of public policy’s fiscal impact. Using the project’s research briefs and interactive budget tools enables analysis of legislation while it is drafted. PWBM serves as an honest broker at the intersection of business and public policy providing rigorous analysis without policy advocacy. PWBM works directly with policymakers and their staff to provide insight into the effects of policy changes. Our simulators and briefs are informed by the policy changes being debated on Capitol Hill. We demonstrate the tools available on our website and provide briefings to improve understanding of our results and economic modeling. We also estimate the impact of detailed options for policy changes to help policymakers make data-based decisions when they craft legislation. PWBM aims to be transparent and comprehensive across all policy areas. We plan to produce an independent deficit forecast by 2020. PWBM can help the government do its jobs better and faster by playing a similar role in the U.S. as the Netherlands Bureau for Economic Policy Analysis (CPB) does for the Netherlands. The CPB is the trusted go-to source for policy reform forecasts in the Netherlands because of its independence, focus on economic science, and transparency. By producing trusted projections, PWBM can help the government with proactive policymaking."