The Urban-Brookings Tax Policy Center and the Penn Wharton Budget Model have collaborated to analyze how tax changes would affect the economy in the short and long run, and their effects on federal tax revenues using estimates based on two state-of-the-art economic models. Experts will discuss how tax proposals would affect the economy, explore the sensitivity of estimates to the key assumptions, and make recommendations for future improvements. As an example, we will use the tax plan that resembles the one proposed in June by House Republicans.

NOTE: Because Donald Trump announced new details of his tax plan today, we will not release our analyses of his plan or of Hillary Clinton’s plan at this event. We will present our dynamic analyses of these plans as soon as we complete our updated modeling.

• Ben Page, senior fellow, Urban-Brookings Tax Policy Center
• Kent Smetters, Boettner professor, Business Economics and Public Policy Department, Wharton School of the University of Pennsylvania

Panel Discussion

• Howard Gleckman, senior fellow, Urban-Brookings Tax Policy Center (moderator)
• Doug Holtz-Eakin, president, American Action Forum
• Ben Page, senior fellow, Urban-Brookings Tax Policy Center
• Louise Sheiner, senior fellow in economic studies, Brookings Institution; policy director, Hutchins Center on Fiscal and Monetary Policy, Brookings Institution
• Kent Smetters, Boettner professor, Business Economics and Public Policy Department, Wharton School of the University of Pennsylvania