Kent Smetters
@KentOnMoney
Followers
671
Following
12
Media
8
Statuses
43
@Wharton professor of #Business #Economics and #PublicPolicy. Host of Kent On Money SiriusXM 111, Tue 5-7 ET. Faculty Director at the Penn Wharton @BudgetModel
Philadelphia, PA
Joined October 2019
RT @Wharton: The proposed income-driven repayment program in Biden's Student Debt Relief Plan “could radically change how people finance co….
0
6
0
To understand why gas tax holiday has no impact on price (net of tax) paid by consumers when SR supply is inelastic, a basic diagram from first week intro micro. (Equivalently, shift up S to same effect, as incidence is independent of party taxed, also from micro.)
1
0
6
Total US fixed income debt ($53 trillion) now larger than value of US stock market ($50 trillion).
1
0
5
Despite new job creation falling below expectations, wages have risen 14% in the leisure and hospitality industry. Analysis by Torsten Slok of Apollo
0
0
2
From @BudgetModel: Average U.S. household (HH) must spend $3,500 more in 2021 to get 2020 level of goods and services. Lower-income HH's will have to increase spending by 7% while higher-income HH's by 6%:
budgetmodel.wharton.upenn.edu
We estimate that inflation in 2021 will require the average U.S. household to spend around $3,500 more in 2021 to achieve the same level of consumption of goods and services as in recent previous...
0
0
0
RT @mkraju: In a big warning sign, Manchin said BBB shouldn’t rely on temporary spending that could become permanent. “I don’t think that’s….
0
145
0
CBO/JCT releases illustrative score of #BuildBackBetter assuming temporary spending programs made permanent. An increase in 10-year debt of $3.0 trillion under permanent spending, versus $0.2 trillion for the Act as-written with temporary spending.
cbo.gov
CBO and the Joint Committee on Taxation project the budgetary effects, including the effects on interest costs, of a modified version of H.R. 5376, the Build Back Better Act, that would make various...
0
0
0
RT @WhartonSchoolPR: New #publichealth analyses show majority of states don’t meet @CDCgov's criteria for lifting restrictions. Professor @….
wsj.com
States are relying on their own public-health indicators when deciding whether to reclose portions of their economies to try to stop rising coronavirus infections that many attribute to the reopening...
0
2
0
RT @WhartonSchoolPR: A growing number of states are hitting 'pause' on their reopening plans due to #coronavirus surges. Professor @KentOnM….
0
2
0
RT @Wharton: 🎥 Join @Penn Wharton @BudgetModel, led by Faculty Director @KentOnMoney, live on Tuesday, May 5 at 12 PM ET for a discussion o….
0
4
0
RT @wwwojtekk: A very interesting presentation on policy responses to pandemics by @KentOnMoney.
0
5
0
RT @Wharton: 🔊 @WhartonBizDaily SPECIAL REPORT: "Wharton on Managing Uncertainty: The #Coronavirus Outbreak". Listen in as leading faculty,….
0
7
0
RT @BudgetModel: BRAND NEW:. #PWBM presents the budgetary and distributional estimates for three potential versions of the lump-sum payment….
budgetmodel.wharton.upenn.edu
We present budgetary and distributional estimates for three potential versions of the lump-sum payment that President Trump announced earlier today. All three options increase the after-tax income of...
0
2
0
RT @MichaelJGarry: Yardley Wealth Management’s Michael J. Garry will on “Your Money” with Kent Smetters. Tune in February 25th from 5:15 pm….
0
2
0
RT @PragerMetisCPAs: Tune in to hear E. Martin Davidoff, Partner in charge of National Controversy, discuss key tax controversy issues with….
0
3
0
RT @BudgetModel: Would #Medicareforall really improve health outcomes? What determines its impact on the #USEconomy?. #PWBM analyzed the de….
budgetmodel.wharton.upenn.edu
We present the demographic and macroeconomic effects of the Medicare for All Act of 2019 (S.1129) introduced by Senator Sanders. We project that it would improve longevity, worker health, and...
0
4
0
RT @BudgetModel: Have you registered for #PWBM’s #MedicareForAll event happening tomorrow, January 22nd? Our faculty director @KentOnMoney….
budgetmodel.wharton.upenn.edu
A panel discussion featuring PWBM speakers.
0
1
0