Kent Smetters, Wharton professor and faculty director of the Penn Wharton Budget Model, examines the fiscal 2025 budget discussions, the proposed extension of the Tax Cuts and Jobs Act, and the challenges policymakers face in balancing tax cuts with deficit constraints.
Wharton Business Daily
The 2025 Budget Debate: Tax Cuts, Deficits, and Policy Shifts
March 14, 2025
• 8 min listen
Faculty director of the Penn Wharton Budget Model analyzes the budget implications of extending the Tax Cuts and Jobs Act.
