# Penn-Wharton Budget Model

Type: Company

Source: Legal & RegTech Intelligence Brief — https://getlegalbrief.com/entity/penn-wharton-budget-model-company
Canonical HTML page: https://getlegalbrief.com/entity/penn-wharton-budget-model-company

## Timeline

- **2026-02-21**: Refund Demands — Governors Newsom and Pritzker demand immediate repayment of $130B+ to taxpayers.
- **2026-02-20**: SCOTUS Ruling — The Supreme Court strikes down the tariffs as an illegal use of executive power.
- **2025-11-15**: Legal Challenges Peak — Multiple lawsuits from importers and state AGs reach the appellate level.
- **2025-04-01**: Tariffs Imposed — The Trump administration invokes emergency powers to implement broad trade tariffs.

## Recent coverage (1 stories)

### SCOTUS Strikes Down Trump Tariffs: Governors Demand $130B in Refunds
2026-02-21 02:26:02 · Sentiment: Negative · Impact: 7/10 · Sources: 2

The US Supreme Court has ruled 6-3 that the Trump administration's emergency tariffs are illegal, prompting Democratic governors to demand immediate restitution. Governors Gavin Newsom and J.B. Pritzker are leading a multi-state push for the Treasury to refund over $130 billion collected from importers and passed on to consumers.
Full story: https://getlegalbrief.com/story/scotus-trump-tariffs-refund-demands

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