Supreme Court Tariff Ruling: IEEPA Revenue and Potential Refunds
We project that reversing the IEEPA tariffs will generate up to $175 billion in refunds. Unless replaced by another source, future tariff revenue collections will fall by half.
Wanling Luo
Wanling (Lorraine) Luo is a Data Analyst at the PWBM. Her work focuses on business taxation, tariff modeling, and international tax, with an emphasis on translating fast-moving policy changes into scalable simulation tools and transparent, reusable analytical workflows.
At PWBM, she leads the ongoing development of the Tariff Revenue Simulator and is a primary contributor to PWBM’s tariff analysis and research output. On the business tax side, she is building the pass-through sector within the tax simulator and maintains core data pipelines that support the processing and analysis of business tax and financial data.
She holds an M.S. in Social Policy from the University of Pennsylvania and a B.A. in Economics from The Chinese University of Hong Kong, and is currently pursuing a Master of Computer and Information Technology at the University of Pennsylvania.
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