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.| Penn Wharton Budget Model
We estimate the House-passed reconciliation bill increases primary deficits by $2.7 trillion over 10 years. GDP rises slightly, as labor supply and savings respond to a reduced social safety net, but the dynamic score is larger ($3.1 trillion) than the conventional.| Penn Wharton Budget Model