The Penn Wharton Budget Model’s largest supporter is the CEO of the private equity firm Apollo Global Management. The former CEO of Microsoft and an Enron/hedge fund trader are the other two.
Really great piece about how Washington works.https://t.co/pLNbTyOuJa— David Dayen (@ddayen) April 10, 2023
KEY FINDINGS:
1. Ivy League payments and entitlements cost taxpayers $41.59 billion over a six-year period (FY2010-FY2015). This is equivalent to $120,000 in government monies, subsidies, & special tax treatment per undergraduate student, or $6.93 billion per year.
and:
Policymakers often come to us before they write bills. It’s very clear when our footprint is on those bills, because we give feedback—usually off the record—about what the impacts would be if they try to achieve something one way versus another.”