B School for Public Policy

Better-informed policymaking through a deeper understanding of economics.

Attend monthly, 90-minute classroom-style sessions on Capitol Hill. Perfect for policy professionals, each “master class” covers a different issue in business and economics. Learn in an intimate and interactive experience taught by faculty from Penn and Wharton — one of the world’s leading institutions for business education.

Featured Content:

The Tax Cuts and Jobs Act’s Incorporation “Incentive”

Many observers have asserted that the reduced corporate tax rate instituted by the 2017 Tax Cuts and Jobs Act (TCJA) has transformed entity choice for business owners, incentivizing owners of businesses structured as sole proprietorships or passthrough entities to incorporate their businesses and to use these new corporations as pocketbook investment vehicles to invest in and hold portfolio investments, substantially reducing wealthy individuals’ tax obligations and Treasury’s tax collections. This brief offers a different view, and discusses why predictions of widespread conversions to the corporate form at a substantial cost to the fiscal position of the U.S. are overstated. The brief explores the various purported tax advantages to incorporating, both when business owners are looking to invest substantial profits in portfolio assets, as well as when retained earnings are reinvested in the business and produce ordinary income.

Inequality in the Gig Economy

Gig economy jobs have soared in recent years, but as the consumer receives a quick service or a same-day delivery product, what are the workers getting? When this type of work, including ride-hailing services and ice cream delivery came along, some thought women would benefit greatly. But data shows that this hasn’t occurred yet, as inequality is a growing component of the global workforce. There has been an “Uberization” of what the gig economy is today, and those jobs are mainly done by men which has left the discussion about women in this sector primarily on the side.

“Free College:” Understanding Potential Impact and Implications

Drawing on available data and research, this presentation describes different approaches to free college and offers a framework for understanding how free college programs may influence student outcomes. Professor Laura Perna will discuss the potential impact and implications of programs with different designs for college affordability and other student-level outcomes (especially for students from low-income families) as well as different types of postsecondary institutions. We also suggest the questions that should be explored to understand the potential benefits and pitfalls of a free college proposal.