# Penn-Wharton Budget Model

Type: Company

Source: GetYourBrief — https://getyourbrief.com/entity/penn-wharton-budget-model-company
Canonical HTML page: https://getyourbrief.com/entity/penn-wharton-budget-model-company

## Timeline

- **2026-02-21**: Refund Demands — Governors Newsom and Pritzker demand immediate repayment of $130B+ to taxpayers.
- **2026-02-21**: Refund Demands — Governors Newsom and Pritzker demand immediate refunds with interest for state residents.
- **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.
- **2026-02-20**: SCOTUS Ruling — Supreme Court strikes down the tariffs in a 6-3 decision, citing executive overreach.
- **2026-02-20**: SCOTUS Ruling — Supreme Court rules 6-3 that the tariffs are illegal and exceed executive authority.
- **2025-12-15**: Revenue Milestone — Total tariff revenue collected surpasses $100 billion mark.
- **2025-12-15**: Legal Challenges Mount — Multiple states and trade groups file suit against the Treasury Department.
- **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.
- **2025-04-01**: Tariffs Imposed — President Trump invokes emergency powers to implement broad global tariffs.
- **2025-04-01**: Tariff Implementation — Trump administration invokes emergency powers to impose sweeping global tariffs.

## Recent coverage (3 stories, network-wide)

### SCOTUS Voids Trump Tariffs: Governors Demand $130B in Consumer Refunds
2026-02-21 02:32:07 · Sector: retail · Sentiment: Negative · Impact: 7/10 · Sources: 2

Following a landmark Supreme Court ruling striking down emergency-power tariffs, Democratic governors are demanding the federal government refund over $130 billion to American households. Governors Gavin Newsom and J.B. Pritzker argue the illegal duties inflated retail prices and harmed working families, setting the stage for a massive fiscal and legal battle.
Full story: https://getretailbrief.com/story/scotus-tosses-trump-tariffs-refund-demands

### SCOTUS Voids Trump Tariffs: Governors Demand $130B in Importer Refunds
2026-02-21 02:26:36 · Sector: supply · Sentiment: Negative · Impact: 7/10 · Sources: 2

Following a landmark 6-3 Supreme Court ruling striking down emergency-power tariffs, Democratic governors are demanding the federal government refund over $130 billion to households and businesses. The decision creates a massive fiscal and logistical challenge for the Treasury as it faces unprecedented claims for duties collected over the past year.
Full story: https://getsupplybrief.com/story/scotus-voids-trump-tariffs-refund-demands

### SCOTUS Strikes Down Trump Tariffs: Governors Demand $130B in Refunds
2026-02-21 02:26:02 · Sector: legal · 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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This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getyourbrief.com/guides/methodology for the full editorial methodology.