[Budget of the United States Government]
[VII. Summary Tables]
[From the U.S. Government Publishing Office, www.gpo.gov]
[[Page 361]]
VII. SUMMARY TABLES
[[Page 363]]
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2000 Budget Proposals
========================================================================
[[Page 365]]
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2000 BUDGET PROPOSALS
Table S-1. BUDGET SUMMARY
(In billions of dollars)
----------------------------------------------------------------------------------------------------------------
Estimate
1998 -----------------------------------------------------------
Actual 1999 2000 2001 2002 2003 2004
----------------------------------------------------------------------------------------------------------------
Outlays................................... 1,652.6 1,727.1 1,765.7 1,799.2 1,820.3 1,893.0 1,957.9
Receipts.................................. 1,721.8 1,806.3 1,883.0 1,933.3 2,007.1 2,075.0 2,165.5
Reserve pending Social Security reform.... 69.2 79.3 117.3 134.1 186.7 182.0 207.6
Surplus................................... 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Resources contingent upon Social Security
reform:
Defense................................. ........ ........ ........ 9.6 17.1 13.0 15.0
Non-defense............................. ........ ........ ........ 15.1 19.7 16.5 9.2
Priority initiatives.................... ........ ........ ........ 1.6 4.1 7.0 9.9
Debt service............................ ........ ........ ........ 0.7 2.3 4.3 6.3
---------------------------------------------------------------------
Remaining reserve......................... 69.2 79.3 117.3 107.2 143.6 141.3 167.3
----------------------------------------------------------------------------------------------------------------
[[Page 366]]
Table S-2. OUTLAYS, RECEIPTS, AND SURPLUS
(In billions of dollars)
----------------------------------------------------------------------------------------------------------------
Estimate
1998 -----------------------------------------------------------
Actual 1999 2000 2001 2002 2003 2004
----------------------------------------------------------------------------------------------------------------
Budget Policy with Social Security Reform:
Outlays:
Discretionary:
Department of Defense............... 258.1 264.6 261.8 269.4 279.3 291.2 300.9
Non-DOD discretionary............... 296.6 316.6 329.7 341.4 339.2 338.1 338.5
Priority initiatives................ ........ ........ ........ 1.6 4.1 7.0 9.9
---------------------------------------------------------------------
Subtotal, discretionary........... 554.7 581.2 591.5 612.4 622.6 636.3 649.3
Mandatory:
Programmatic:
Social Security................... 376.1 389.2 405.2 423.6 444.1 465.1 487.4
Medicare and Medicaid............. 291.5 310.6 328.4 349.9 362.7 391.2 416.3
Means-tested entitlements (except
Medicaid)........................ 99.1 106.6 111.6 117.6 123.6 128.5 134.3
Deposit insurance................. -4.4 -5.0 -2.3 -1.8 -1.3 -* 0.8
Other............................. 92.2 117.4 116.1 117.9 114.8 125.1 131.0
---------------------------------------------------------------------
Subtotal mandatory.............. 854.5 918.6 959.0 1,007.1 1,043.9 1,109.9 1,169.7
Net interest.......................... 243.4 227.2 215.2 206.6 197.1 187.6 179.2
---------------------------------------------------------------------
Subtotal, mandatory and net interest 1,097.9 1,145.9 1,174.2 1,213.7 1,240.9 1,297.5 1,349.0
---------------------------------------------------------------------
Total outlays........................... 1,652.6 1,727.1 1,765.7 1,826.1 1,863.5 1,933.8 1,998.3
=====================================================================
Receipts................................ 1,721.8 1,806.3 1,883.0 1,933.3 2,007.1 2,075.0 2,165.5
=====================================================================
Resources contingent upon Social Security
reform:..................................
Department of Defense................... ........ ........ ........ -9.6 -17.1 -13.0 -15.0
Non-DOD discretionary................... ........ ........ ........ -15.1 -19.7 -16.5 -9.2
Priority initiatives.................... ........ ........ ........ -1.6 -4.1 -7.0 -9.9
Related debt service.................... ........ ........ ........ -0.7 -2.3 -4.3 -6.3
---------------------------------------------------------------------
Total................................. ........ ........ ........ -26.9 -43.2 -40.8 -40.4
Reserve pending Social Security reform.... 69.2 79.3 117.3 134.1 186.7 182.0 207.6
---------------------------------------------------------------------
Surplus................................... 0.0 0.0 0.0 0.0 0.0 0.0 0.0
MEMORANDUM:
Discretionary totals if no Social
Security reform is enacted, net of
designated offsets..................... 554.7 581.2 573.8 573.3 568.2 584.1 599.9
----------------------------------------------------------------------------------------------------------------
* $50 million or less.
[[Page 367]]
Table S-3. SUMMARY OF BUDGET PROPOSALS
(In billions of dollars)
----------------------------------------------------------------------------------------------------------------
Estimate
------------------------------------------------------------ Total
1999 2000 2001 2002 2003 2004 2000-2004
----------------------------------------------------------------------------------------------------------------
Capped baseline surplus.................. 79.6 116.7 134.1 186.7 182.0 207.6 827.2
Programmatic changes:
Discretionary:
Offset discretionary spending........ -* 17.2 12.9 13.5 15.8 15.3 74.7
Mandatory offsets designated for
discretionary:
Federal tobacco revenues........... 0.1 -8.0 -7.1 -6.6 -6.4 -6.4 -34.5
Tobacco recoupment................. ........ ........ ........ -1.8 -3.3 -4.0 -9.1
FAA user fees...................... ........ -1.1 -1.2 -1.1 -1.0 -0.9 -5.3
Health care savings................ ........ -1.1 -0.9 -1.0 -1.0 -1.1 -5.1
Superfund revenues................. -0.1 -1.5 -1.2 -1.2 -1.2 -1.3 -6.5
Other specified offsets............ ........ -6.0 -2.5 -1.8 -2.8 -1.7 -14.8
----------------------------------------------------------------------
Subtotal, discretionary.......... -* -0.6 ........ ........ ........ ........ -0.6
Mandatory and revenues:
Initiatives:
Class size and child care.......... ........ 1.2 1.6 1.9 2.1 2.5 9.4
Health care........................ ........ 0.2 1.3 1.6 1.2 1.0 5.3
Revenue initiatives................ 0.7 4.1 7.7 6.6 6.9 7.3 32.6
Other.............................. 0.1 0.9 1.6 1.7 1.3 1.6 7.1
----------------------------------------------------------------------
Subtotal, initiatives............ 0.8 6.5 12.2 11.8 11.6 12.4 54.4
Offsets:
Tobacco recoupment................. ........ ........ -2.8 -2.1 -1.2 -0.7 -6.9
Health care........................ ........ -0.2 -1.1 -1.3 -1.5 -1.6 -5.8
Student loans...................... -0.1 -0.8 -0.6 -0.6 -0.6 -0.3 -2.9
Revenue offsets.................... -0.3 -4.7 -6.9 -7.1 -7.3 -7.4 -33.4
Other.............................. -* -0.7 -0.8 -0.7 -0.9 -2.4 -5.5
----------------------------------------------------------------------
Subtotal, offsets................ -0.5 -6.5 -12.2 -11.8 -11.6 -12.4 -54.4
======================================================================
Subtotal, mandatory and revenues. 0.3 ........ ........ ........ ........ ........ .........
Debt service........................... * ........ -* -* -* -* -0.1
Reserve pending Social Security reform... 79.3 117.3 134.1 186.7 182.0 207.6 827.8
Surplus.................................. 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Resources contingent upon Social Security
reform:
Defense and non-defense discretionary
spending.............................. ........ ........ 26.3 40.9 36.5 34.1 137.7
Related debt service................... ........ ........ 0.7 2.3 4.3 6.3 13.6
----------------------------------------------------------------------
Remaining reserve...................... 79.3 117.3 107.2 143.6 141.3 167.3 676.6
----------------------------------------------------------------------------------------------------------------
* $50 million or less.
[[Page 368]]
Table S-4. DISCRETIONARY SPENDING CAPS AND BUDGET PROPOSALS
(In billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimate Total 2000-2004
-------------------------------------------------------------------------------------------------------------
2000 2001 2002 2003 2004
------------------------------------------------------------------------------------------ BA OL
BA OL BA OL BA OL BA OL BA OL
--------------------------------------------------------------------------------------------------------------------------------------------------------
Proposed Discretionary Program Funding
Department of Defense................... 268.2 261.8 287.4 269.4 289.3 279.3 299.7 291.2 308.5 300.9 1,453.1 1,402.6
Non-DOD................................. 286.8 329.7 300.5 341.4 299.5 339.2 298.7 338.1 299.4 338.5 1,484.9 1,686.9
Reserve for Priority Initiatives........ ....... ....... 3.0 1.6 6.0 4.1 9.0 7.0 12.0 9.9 30.0 22.6
-------------------------------------------------------------------------------------------------------------
Total, Proposed Discretionary Funding
Level................................ 555.0 591.5 590.9 612.4 594.8 622.6 607.4 636.3 619.9 649.3 2,968.0 3,112.1
Offsets to Discretionary Spending:
Mandatory Offsets Designated for
Discretionary.......................... -6.8 -6.8 -5.0 -4.9 -4.9 -5.0 -4.9 -4.9 -4.9 -4.9 -26.6 -26.6
Transfer of 2000 PAYGO Balances for
Defense Discretionary.................. -2.9 -2.9 -0.8 -0.8 -0.2 -0.2 -1.1 -1.1 ....... ....... -5.0 -5.0
Tobacco Legislation:
Federal Tobacco Revenues.............. -8.0 -8.0 -7.1 -7.1 -6.6 -6.6 -6.4 -6.4 -6.4 -6.4 -34.5 -34.5
Recoupment Policy..................... ....... ....... ....... ....... -3.4 -1.8 -4.3 -3.3 -4.3 -4.0 -11.9 -9.1
-------------------------------------------------------------------------------------------------------------
Total, Offsets to Discretionary
Spending............................. -17.8 -17.7 -12.9 -12.9 -15.1 -13.5 -16.7 -15.8 -15.6 -15.3 -78.1 -75.2
Resources Contingent Upon Social Security
Reform:
Department of Defense................... ....... ....... -14.2 -9.6 -12.8 -17.1 -13.5 -13.0 -15.2 -15.0 -55.7 -54.6
Non-DOD................................. ....... ....... -33.5 -15.1 -28.8 -19.7 -7.0 -16.5 -7.2 -9.2 -76.5 -60.5
Reserve for Priority Initiatives........ ....... ....... -3.0 -1.6 -6.0 -4.1 -9.0 -7.0 -12.0 -9.9 -30.0 -22.6
-------------------------------------------------------------------------------------------------------------
Total, Contingent Adjustments......... ....... ....... -50.7 -26.3 -47.6 -40.9 -29.5 -36.5 -34.5 -34.1 -162.2 -137.7
=============================================================================================================
Total Offsets and Contingent Adjustments
to Discretionary Spending.............. -17.8 -17.7 -63.6 -39.1 -62.7 -54.4 -46.2 -52.2 -50.0 -49.4 -240.3 -212.9
��������������������������������������������������������������������������������������������������������������������������������������������������������
Proposed Discretionary Funding Level...... 555.0 591.5 590.9 612.4 594.8 622.6 607.4 636.3 619.9 649.3 2,968.0 3,112.1
Less: Offsets and Contingent Resources.... -17.8 -17.7 -63.6 -39.1 -62.7 -54.4 -46.2 -52.2 -50.0 -49.4 -240.3 -212.9
Level with Offsets and Contingent
Adjustments ............................. 537.2 573.8 527.3 573.3 532.1 568.2 561.3 584.1 569.9 599.9 2,727.7 2,899.2
Current Discretionary Spending Caps....... 537.2 574.4 541.9 573.3 551.0 568.2 566.9 584.1 583.4 599.9 2,780.4 2,899.8
--------------------------------------------------------------------------------------------------------------------------------------------------------
[[Page 369]]
Table S-5. MANDATORY AND REVENUE PROPOSALS
(In millions of dollars)
----------------------------------------------------------------------------------------------------------------
Estimate
----------------------------------------------------------- Total
1999 2000 2001 2002 2003 2004 2000-2004
----------------------------------------------------------------------------------------------------------------
Initiatives:
Agriculture:............................
Increase Environmental Quality
Incentive Program.................... ....... 20 41 53 65 74 253
Forest Service payments to States de-
coupling............................. ....... 27 41 55 64 72 259
Wildlife Habitat Incentives Program
(WHIP)............................... ....... 3 5 7 8 8 31
Farmland Protection Program (FPP)..... ....... 1 6 20 28 27 82
Cooperator Export Program/quality
samples.............................. ....... 30 30 30 30 30 150
Reallocate rural development and
research funds....................... ....... ........ 11 27 42 43 123
EZ/EC economic development grants..... ....... ........ 5 12 14 14 45
Extend CCC computer funding........... ....... 35 35 35 35 35 175
Restore food stamp benefits for
elderly legal immigrants............. ....... 10 10 10 15 15 60
Education: Extend loan consolidation.... 133 91 ........ ........ ........ ........ 91
HHS:
Education and child care:.............
Child care.......................... ....... 828 1,085 1,333 1,525 1,904 6,675
Establish Early Learning Fund....... ....... 372 516 603 624 612 2,727
---------------------------------------------------------------------
Subtotal, education and child care ....... 1,200 1,601 1,936 2,149 2,516 9,402
Foster care/independent living........ ....... 6 31 43 49 51 180
Health care:
Medicare buy-in, health costs....... ....... ........ 322 406 372 336 1,436
Disability health options........... ....... 20 75 169 250 342 856
Cancer clinical trials.............. ....... 10 190 250 300 ........ 750
Covering children................... ....... 79 619 601 85 25 1,409
Long-term care eligibility
expansion, Medicaid costs.......... ....... 5 15 25 30 35 110
Immigrant proposals, Medicaid/CHIP
costs.............................. ....... 31 57 107 187 285 667
Other............................... ....... 59 ........ ........ ........ ........ 59
---------------------------------------------------------------------
Subtotal, Health care............. ....... 204 1,278 1,558 1,224 1,023 5,287
HUD:
Fund new urban empowerment zones...... ....... 3 51 114 138 144 450
Elderly housing vouchers.............. ....... 8 46 77 78 80 289
Interior:
BLM timber payments to States
delinkage............................ ....... 9 12 15 17 17 70
Recreation/entrance fees.............. ....... ........ ........ -24 29 74 79
Finance land purchases with sales of
surplus land......................... ....... ........ ........ ........ ........ ........ .........
Transfers to retired miner's health
benefits............................. ....... 42 ........ ........ ........ ........ 42
Expand cover-over of distilled spirits
tax to Virgin Islands................ ....... 12 12 12 12 12 60
Labor:
Reauthorize NAFTA-TAA through 9/30/01
and other TAA amendments............. ....... 101 150 65 16 ........ 332
PBGC: raise guarantee cap for multi-
employer pensions and other.......... ....... 1 1 2 3 3 10
UI reform proposal.................... ....... 90 190 260 20 40 600
Extend welfare to work................ ....... 133 518 333 16 ........ 1,000
Transportation:
Shift St. Lawrence Seaway to mandatory ....... 12 12 13 14 14 65
Treasury:
Expand cover-over of distilled spirits
tax to Puerto Rico................... ....... 34 34 34 34 34 170
Long-term care tax credit (outlay
portion)............................. ....... 6 123 127 146 156 558
Veterans:
Pay full compensation benefits for
Filipinos residing in the United
States............................... ....... 5 5 5 5 5 25
Charge fees to lenders participating
in VA's home loan program to fund
information technology improvements:
Increased technology spending....... ....... 5 5 5 ........ ........ 15
Fees................................ ....... -5 -5 -5 ........ ........ -15
Department of Defense--Civil: Retirement
reform................................. ....... 1 1 1 1 2 6
EPA: Provide funding for Superfund
orphan shares.......................... ....... 200 200 200 200 200 1,000
[[Page 370]]
FEMA: Flood map modernization........... ....... 26 53 61 64 66 270
SSA:
Return to work proposals (SSI portion) ....... ........ ........ -5 -5 -5 -15
Restore SSI benefits for disabled
legal immigrants..................... ....... ........ ........ 77 180 328 585
United Mine Workers of America:
Interior transfers for retired miner's
health benefits...................... ....... -42 ........ ........ ........ ........ -42
Health benefits....................... 8 57 14 13 12 12 108
Revenues:
Provide tax relief and extend
provisions........................... 670 4,129 7,664 6,617 6,889 7,330 32,629
---------------------------------------------------------------------
Subtotal, initiatives............... 811 6,454 12,180 11,783 11,592 12,420 54,429
Offsets not designated for discretionary:
Agriculture:
Cut conservation farm option to fund
WHIP and FPP......................... ....... -3 -16 -21 -27 -29 -96
Reduce EEP............................ ....... -85 -106 -118 -130 -139 -578
Charge fair market value for timber/
Forest Service....................... ....... -17 -17 -17 -17 -17 -85
12 percent commodity provisions....... ....... -57 -66 -52 -66 -75 -316
Forest service recreation fees........ ....... ........ ........ -24 -7 -17 -48
Education--student loans:
Advance recall of reserves............ -142 -23 ........ ........ ........ ........ -23
Recall additional federal fund
reserves............................. ....... -80 -234 -262 -159 -65 -800
Implement a 90-day non-interest
accruing period before lenders file
default claims....................... ....... -17 -24 -27 -29 -31 -128
Eliminate GA complement at 95 percent
on new loans......................... ....... -41 -60 -65 -70 -74 -310
Reduce guaranty agency retention rate
to 18.5 percent...................... ....... -483 -64 -66 -72 -77 -762
Reduce lender subsidy to 20 basis
points on tax exempt lenders......... ....... -132 -205 -218 -264 -96 -915
HHS:
Eliminate child support hold harmless
payments and conform paternity match
with administrative match rate....... ....... -74 -67 -61 -63 -59 -324
Health care savings................... ....... -226 -1,111 -1,266 -1,545 -1,615 -5,763
Adjustment of child support orders.... ....... ........ 33 -5 -43 -70 -85
Cap TANF transfer to SSBG............. ....... -600 ........ ........ ........ 100 -500
Interior:
Hardrock mining production fee on
public lands......................... ....... ........ -8 -26 -26 -26 -86
Filming and photography on public land ....... ........ ........ ........ ........ ........ .........
Treasury:
Extend customs user fees.............. ....... ........ ........ ........ ........ -1,522 -1,522
Simplification of foster child credit
(outlay portion)..................... ....... -2 -36 -37 -39 -40 -154
Veterans:
Extend expiring OBRA VA provisions:
Round down to the next lower dollar
COLA adjustments to disability
compensation and DIC............... ....... ........ ........ ........ -15 -24 -39
Limit pension benefits to Medicaid
eligible beneficiaries in nursing
homes (includes Medicaid offset)... ....... ........ ........ ........ -110 -117 -227
Verify income of pension
beneficiaries with the IRS and SSA. ....... ........ ........ ........ -3 -3 -6
Collect higher loan fees and reduce
resale losses...................... ....... ........ ........ ........ -188 -190 -378
SSA: Program integrity proposal (SSI
portion)............................... ....... -14 -18 -59 -65 -46 -202
Fed/FDIC: State bank exam fee (non-Fed
members)............................... ....... -84 -88 -91 -95 -100 -458
Allowances:
Tobacco recoupment policy............. ....... ........ -2,824 -2,123 -1,235 -690 -6,872
Revenues:
State bank exam fees.................. ....... -82 -86 -90 -94 -98 -450
FEMA mortgage transaction fees........ ....... -58 -59 -62 -65 -68 -312
United Mine Workers premiums.......... -8 -15 -14 -13 -12 -12 -66
Clergy open season for OASDHI coverage
(on-budget portion).................. ....... -2 -1 -1 -1 -1 -6
UI solvency incentive................. ....... -224 -312 -96 ........ ........ -632
[[Page 371]]
Eliminate unwarranted benefits........ -334 -4,744 -6,859 -7,090 -7,303 -7,390 -33,386
---------------------------------------------------------------------
Subtotal, offsets not designated for
discretionary...................... -484 -7,063 -12,242 -11,890 -11,743 -12,591 -55,529
=====================================================================
Subtotal, proposals subject to pay-as-you-
go....................................... 327 -609 -62 -107 -151 -171 -1,100
Proposals not subject to pay-as-you-go:
Education:
Family education loans modification
transfer............................. ....... 468 -110 -111 -97 -80 70
Labor:
UI integrity.......................... ....... -118 -160 -160 -160 -160 -758
Social Security Administration:
Return to work proposals (DI portion). ....... 10 25 41 45 46 167
Program integrity proposal (DI
portion)............................. ....... -7 -11 -13 -12 -13 -56
Impact of Medicare buy-on on OASI..... ....... ........ 64 113 144 153 474
FDIC:
Interest payments related to State
exam fees............................ ....... -2 -7 -12 -17 -23 -61
Morris K. Udall Scholarship Foundation:
Receipt of federal payments to the
foundation........................... ....... -3 -3 -3 -3 -3 -15
Undistributed offsetting receipts:
Redefine wage base for military pay
covered by Social Security........... ....... 264 271 261 260 261 1,317
Revenues:
Clergy open season for OASDHI coverage
(off-budget portion)................. ....... -3 -7 -9 -9 -10 -38
---------------------------------------------------------------------
Subtotal, proposals not subject to
pay-as-you-go...................... ....... 609 62 107 151 171 1,100
=====================================================================
Subtotal, proposals not designated for
discretionary............................ 327 ........ ........ ........ ........ ........ .........
Offsets designated for discretionary:
Outlays:
Education--student loans:
NDNH savings........................ ....... -876 -19 -25 -26 -25 -971
Recall additional federal fund
reserves........................... ....... -788 ........ ........ ........ ........ -788
HHS:
Health care savings................. ....... -1,100 -920 -1,030 -980 -1,070 -5,100
Freeze TANF supplemental growth at
FY99 level......................... ....... -45 -87 -48 -41 -20 -241
Corps of Engineers:
Harbor services fund user fees...... ....... -966 -963 -960 -996 -1,014 -4,899
Undistributed offsetting receipts:
Change in military retirement....... ....... -849 -1,058 -1,159 -1,231 -1,270 -5,567
Allowances:
Tobacco recoupment policy........... ....... ........ ........ -1,794 -3,318 -3,998 -9,110
Revenues:
Superfund tax extensions............ -109 -1,532 -1,207 -1,219 -1,242 -1,259 -6,459
Repeal of existing harbor
maintenance excise tax............. ....... 472 505 541 578 619 2,715
FAA user fees....................... ....... -1,122 -1,184 -1,091 -1,007 -910 -5,314
Federal tobacco taxes............... 77 -7,987 -7,105 -6,589 -6,418 -6,400 -34,499
---------------------------------------------------------------------
Subtotal, offsets designated for
discretionary............................ -32 -14,793 -12,038 -13,374 -14,681 -15,347 -70,233
=====================================================================
TOTAL, mandatory and revenue proposals.. 295 -14,793 -12,038 -13,374 -14,681 -15,347 -70,233
MEMORANDUM:
Total tobacco recoupment policy savings
shown above............................ ....... ........ -2,824 -3,917 -4,553 -4,688 -15,982
Total health care savings shown above... ....... -1,326 -2,031 -2,296 -2,525 -2,685 -10,863
----------------------------------------------------------------------------------------------------------------
[[Page 372]]
Table S-6. EFFECT OF PROPOSALS ON RECEIPTS
(In millions of dollars)
----------------------------------------------------------------------------------------------------------------
Estimate
----------------------------------------------------------------
1999 2000 2001 2002 2003 2004 2000-2004
----------------------------------------------------------------------------------------------------------------
Provide tax relief and extend expiring
provisions:
Make health care more affordable:
Provide tax relief for long-term care needs ....... -52 -1,107 -1,144 -1,312 -1,408 -5,023
Provide tax relief for workers with
disabilities.............................. ....... -21 -151 -169 -187 -196 -724
Provide tax relief to encourage small
business health plans..................... ....... -1 -5 -10 -15 -13 -44
----------------------------------------------------------------
Subtotal, make health care more
affordable.............................. ....... -74 -1,263 -1,323 -1,514 -1,617 -5,791
Expand education initiatives:
Provide incentives for public school
construction and modernization............ ....... -146 -570 -939 -1,035 -1,045 -3,735
Extend employer-provided educational
assistance and include graduate education. -72 -267 -719 -236 ....... ....... -1,222
Provide tax credit for workplace literacy
and basic education programs.............. ....... -3 -18 -25 -38 -55 -139
Encourage sponsorship of qualified zone
academies................................. ....... -22 -43 -55 -24 ....... -144
Eliminate 60-month limit on student loan
interest deduction........................ ....... -18 -61 -62 -67 -73 -281
Eliminate tax when forgiving student loans
subject to income contingent repayment.... ....... ....... ....... ....... ....... ....... .........
Provide tax relief for participants in
certain Federal education programs........ ....... -3 -7 -7 -7 -6 -30
----------------------------------------------------------------
Subtotal, expand education initiatives... -72 -459 -1,418 -1,324 -1,171 -1,179 -5,551
Make child care more affordable:
Increase, expand, and simplify child and
dependent care tax credit................. ....... -338 -1,585 -1,426 -1,471 -1,503 -6,323
Provide tax incentives for employer-
provided child-care facilities............ ....... -40 -84 -114 -131 -140 -509
----------------------------------------------------------------
Subtotal, make child care more affordable ....... -378 -1,669 -1,540 -1,602 -1,643 -6,832
Provide incentives to revitalize communities:
Increase low-income housing tax credit per
capita cap................................ ....... -46 -186 -330 -474 -620 -1,656
Provide Better America Bonds to improve the
environment............................... ....... -8 -49 -127 -205 -284 -673
Provide New Markets Tax Credit............. ....... -12 -88 -207 -297 -376 -980
Expand tax incentives for SSBICs........... -* -* -* -* -* -* -*
Extend wage credit for two new EZs......... ....... ....... ....... ....... ....... ....... .........
----------------------------------------------------------------
Subtotal, provide incentives to
revitalize communities.................. ....... -66 -323 -664 -976 -1,280 -3,309
Promote energy efficiency and improve the
environment:
Provide tax credit for energy-efficient
building equipment........................ ....... -230 -407 -376 -393 -127 -1,533
Provide tax credit for new energy-efficient
homes..................................... ....... -60 -109 -92 -72 -96 -429
Extend electric vehicle tax credit; provide
tax credit for fuel-efficient vehicles.... ....... ....... ....... -4 -178 -712 -894
Provide investment tax credit for CHP
systems................................... -1 -64 -99 -110 -52 -7 -332
Provide tax credit for rooftop solar
systems................................... ....... -9 -19 -25 -34 -45 -132
Extend wind and biomass tax credit and
expand eligible biomass sources........... ....... -20 -48 -73 -88 -94 -323
----------------------------------------------------------------
Subtotal, promote energy efficiency and
improve the environment................. -1 -383 -682 -680 -817 -1,081 -3,643
Promote expanded retirement savings, security
and portability............................. -27 -144 -204 -218 -213 -218 -997
Extend expiring provisions:
Allow personal tax credits against the AMT. -67 -679 -707 ....... ....... ....... -1,386
Extend work opportunity tax credit......... -23 -116 -164 -81 -38 -16 -415
[[Page 373]]
Extend welfare-to-work tax credit.......... -3 -19 -36 -21 -9 -2 -87
Extend R&E tax credit...................... -311 -933 -656 -281 -133 -53 -2,056
Make permanent the expensing of brownfields
remediation costs......................... ....... ....... -106 -170 -168 -167 -611
Extend tax credit for first-time DC
homebuyers................................ 1 -1 -10 -1 ....... ....... -12
----------------------------------------------------------------
Subtotal, extend expiring provisions..... -403 -1,748 -1,679 -554 -348 -238 -4,567
Simplify the tax laws........................ -64 -141 -159 -154 -104 -41 -599
Miscellaneous provisions:
Make first $2,000 of severance pay exempt
from income tax........................... ....... -42 -168 -173 -133 ....... -516
Allow steel companies to carryback NOLs up
to five years............................. -19 -190 -28 -30 -24 -20 -292
----------------------------------------------------------------
Subtotal, miscellaneous provisions....... -19 -232 -196 -203 -157 -20 -808
Electricity restructuring:
Deny tax-exempt status for new electric
utility bonds except for distribution
related expenses; repeal cost of service
limitation for determining deductible
contributions to nuclear decommissioning
funds..................................... ....... 4 11 20 30 41 106
----------------------------------------------------------------
Subtotal, electricity restructuring...... ....... 4 11 20 30 41 106
Modify international trade provisions:
Extend and modify Puerto Rico economic-
activity tax credit....................... ....... -24 -46 -71 -106 -141 -388
Extend GSP and modify other trade
provisions \1\............................ -84 -484 -223 -93 -96 -99 -995
Levy tariff on certain textiles/apparel
produced in the CNMI \1\.................. ....... ....... 187 187 187 187 748
Expand Virgin Island tariff credits \1\.... ....... ....... -* -* -2 -1 -3
----------------------------------------------------------------
Subtotal, modify international trade
provisions.............................. -84 -508 -82 23 -17 -54 -638
----------------------------------------------------------------
Subtotal, provide tax relief and extend
expiring provisions....................... -670 -4,129 -7,664 -6,617 -6,889 -7,330 -32,629
Eliminate unwarranted benefits and adopt other
revenue measures:
Limit benefits of corporate tax shelter
transactions:
Deny tax benefits resulting from non-
economic transactions; modify substantial
understatement penalty for corporate tax
shelters; deny deductions for certain tax
advice and impose excise taxes on certain
fees, rescission provisions and provisions
guaranteeing tax benefits................. ....... 11 76 162 194 214 657
Preclude taxpayers from taking tax
positions inconsistent with the form of
their transactions........................ 5 50 52 55 58 62 277
Tax income from corporate tax shelters
involving tax-indifferent parties......... 15 150 155 165 175 185 830
Require accrual of income on forward sale
of corporate stock........................ 1 4 9 13 21 31 78
Modify treatment of built-in losses and
other attribute trafficking............... 9 113 185 192 200 208 898
Modify treatment of ESOP as S corporation
shareholder............................... 17 64 102 145 183 202 696
Prevent serial liquidation of U.S.
subsidiaries of foreign corporations...... ....... 12 20 19 19 19 89
Prevent capital gains avoidance through
basis shift transactions involving foreign
shareholders.............................. 65 301 114 64 45 27 551
Limit inappropriate tax benefits for
lessors of tax-exempt use property........ 1 35 79 119 147 163 543
[[Page 374]]
Prevent mismatching of deductions and
income exclusions in transactions with
related foreign persons................... ....... 60 104 108 112 117 501
Restrict basis creation through Section
357(c).................................... 3 9 19 28 39 50 145
Modify anti-abuse rule related to
assumption of liabilities................. 1 2 4 5 7 9 27
Modify COLI rules.......................... ....... 240 366 398 427 451 1,882
----------------------------------------------------------------
Subtotal, limit benefits of corporate tax
shelter transactions.................... 117 1,051 1,285 1,473 1,627 1,738 7,174
Other proposals:
Require banks to accrue interest on short-
term obligations.......................... ....... 72 2 3 4 4 85
Require current accrual of market discount
by accrual method taxpayers............... 3 7 11 15 20 25 78
Limit conversion of character of income
from constructive ownership transactions
with respect to partnership interests..... 19 30 37 32 32 35 166
Modify rules for debt-financed portfolio
stock..................................... 1 5 9 14 20 26 74
Modify and clarify certain rules relating
to debt-for-debt exchanges................ 15 76 109 108 107 106 506
Modify and clarify straddle rules.......... 16 40 50 48 47 49 234
Conform control test for tax-free
incorporations, distributions, and
reorganizations........................... 7 18 22 22 21 21 104
Tax issuance of tracking stock............. 40 105 128 127 127 127 614
Require consistent treatment and provide
basis allocation rules for transfers of
intangibles in certain nonrecognition
transactions.............................. 2 66 83 86 90 95 420
Modify tax treatment of downstream mergers. 14 42 55 59 63 67 286
Modify partnership distribution rules...... -28 131 162 173 162 147 775
Deny change in method treatment to tax-free
formations................................ 6 94 64 65 67 70 360
Repeal installment method for accrual basis
taxpayers................................. ....... 685 757 438 114 16 2,010
Deny deduction for punitive damages........ 16 88 124 130 137 143 622
Apply uniform capitalization rules to
tollers................................... ....... 25 39 40 42 21 167
Provide consistent amortization periods for
intangibles............................... ....... -219 -189 48 255 435 330
Clarify recovery period of utility grading
costs..................................... 9 30 49 61 69 75 284
Require recapture of policyholder surplus
accounts.................................. ....... 134 222 219 217 215 1,007
Modify rules for capitalizing policy
acquisition costs of life insurance
companies................................. ....... 379 977 946 914 880 4,096
Subject investment income of trade
associations to tax....................... ....... 172 294 309 325 341 1,441
Restore phaseout of unified credit for
large estates............................. ....... 27 61 66 72 76 302
Require consistent valuation for estate and
income tax purposes....................... ....... 3 8 13 17 22 63
Require basis allocation for part sale/part
gift transactions......................... ....... 2 3 4 5 6 20
Conform treatment of surviving spouses in
community property States................. 3 15 33 46 59 72 225
Expand section 864(c)(4)(B) to interest and
dividend equivalents...................... ....... 9 15 16 16 17 73
Recapture overall foreign losses when CFC
stock is disposed......................... ....... 6 6 6 6 7 31
Increase elective withholding rate for
nonperiodic distributions from deferred
compensation plans........................ ....... 42 2 2 2 2 50
Increase section 4973 excise tax for excess
IRA contributions......................... ....... 1 12 12 13 14 52
Limit pre-funding of welfare benefits for
10 or more employer plans................. ....... 92 156 159 150 149 706
Subject signing bonuses to employment taxes ....... 5 3 3 3 3 17
Expand reporting of cancellation of
indebtedness income....................... ....... 7 7 7 7 7 35
Require taxpayers to include rental income
of residence in income without regard to
the period of rental...................... ....... 4 11 11 12 12 50
[[Page 375]]
Repeal lower-of-cost-or-market inventory
accounting method......................... 18 422 525 431 433 201 2,012
Defer interest deduction and OID on certain
convertible debt.......................... 2 9 20 32 44 55 160
Modify deposit requirement for FUTA........ ....... ....... ....... ....... ....... ....... .........
Reinstate Oil Spill Liability Trust Fund
tax \1\................................... 26 254 256 257 261 264 1,292
Deny DRD for certain preferred stock....... 4 13 26 38 52 66 195
Disallow interest on debt allocable to tax-
exempt obligations........................ 4 11 17 23 28 33 112
Repeal percentage depletion for non-fuel
minerals mined on Federal and formerly
Federal lands............................. ....... 92 94 96 97 99 478
Modify rules relating to foreign oil and
gas extraction income..................... ....... 5 65 107 112 118 407
Increase penalties for failure to file
correct information returns............... ....... 6 12 15 19 13 65
Tighten the substantial understatement
penalty for large corporations............ ....... ....... 25 42 43 37 147
Require withholding on certain gambling
winnings.................................. ....... 17 4 1 1 1 24
Simplify foster child definition under EITC ....... ....... 6 7 7 7 27
Replace sales-source rules with activity-
based rules............................... ....... 310 540 570 600 630 2,650
Repeal tax-free conversions of large C
corporations into S corporations.......... ....... 10 32 46 56 68 212
Eliminate the income recognition exception
for accrual method service providers...... 1 32 44 46 48 50 220
Modify structure of businesses indirectly
conducted by REITs........................ 4 27 27 27 28 28 137
Modify treatment of closely held REITs..... ....... 24 10 12 14 15 75
Impose excise tax on purchase of structured
settlements............................... 6 8 6 3 1 -2 16
Amend 80/20 company rules.................. 28 48 49 51 52 53 253
Modify foreign office material
participation exception applicable to
inventory sales attributable to
nonresident's U.S. office................. 1 7 10 10 11 11 49
Stop abuse of CFC exception to ownership
requirements of section 883............... ....... 4 9 7 5 5 30
Include QTIP trust assets in surviving
spouse's estate........................... ....... ....... 2 2 2 2 8
Eliminate non-business valuation discounts. ....... 206 425 443 477 494 2,045
Eliminate gift tax exemption for personal
residence trusts.......................... ....... -1 -1 -1 3 12 12
Increase proration percentage for P&C
insurance companies....................... ....... -4 49 64 87 107 303
----------------------------------------------------------------
Subtotal, other proposals................ 217 3,693 5,574 5,617 5,676 5,652 26,212
----------------------------------------------------------------
Subtotal, eliminate unwarranted benefits
and adopt other revenue measures \1\...... 334 4,744 6,859 7,090 7,303 7,390 33,386
Other provisions that affect receipts:
Reinstate environmental tax on corporate
taxable income \2\.......................... ....... 794 460 463 476 481 2,674
Reinstate Superfund excise taxes \1\......... 109 738 747 756 766 778 3,785
Convert Airport and Airway Trust Fund taxes
to a cost-based user fee system \1\......... ....... 1,122 1,184 1,091 1,007 910 5,314
Receipts from tobacco legislation \1\........ -77 7,987 7,105 6,589 6,418 6,400 34,499
Assess fees for examination of bank holding
companies and State-chartered member banks
(receipt effect) \1\........................ ....... 82 86 90 94 98 450
Restore premiums for United Mine Workers of
America Combined Benefit Fund............... 8 15 14 13 12 12 66
Assess mortgage transaction fees for flood
hazard determination \1\.................... ....... 58 59 62 65 68 312
[[Page 376]]
Replace Harbor Maintenance tax with the
Harbor Services User Fee (receipt effect)
\1\......................................... ....... -472 -505 -541 -578 -619 -2,715
Allow members of the clergy to revoke
exemption from Social Security and Medicare
coverage.................................... ....... 5 8 10 10 11 44
Create solvency incentive for State
unemployment trust fund accounts \1\........ ....... 224 312 96 ....... ....... 632
----------------------------------------------------------------
Subtotal, other provisions that affect
receipts \1\.............................. 40 10,553 9,470 8,629 8,270 8,139 45,061
----------------------------------------------------------------
Total effect of proposals \1\.................. -296 11,168 8,665 9,102 8,684 8,199 45,818
(Paygo proposals) \1\.......................... -328 996 -333 735 586 239 2,223
(Non-paygo proposals).......................... ....... 3 7 9 9 10 38
(Discretionary offset) \1\..................... 32 10,169 8,991 8,358 8,089 7,950 43,557
----------------------------------------------------------------------------------------------------------------
* $500,000 or less.
\1\ Net of income offsets.
\2\ Net of deductibility for income tax purposes.
[[Page 377]]
Table S-7. FRAMEWORK FOR SOCIAL SECURITY REFORM AND LONG-TERM FISCAL DISCIPLINE
(Dollars in billions)
----------------------------------------------------------------------------------------------------------------
Subtotal Subtotal Subtotal Total Percent
2000-2004 2005-2009 2010-2014 2000-2014 of Total
----------------------------------------------------------------------------------------------------------------
Reserve pending Social Security reform................... 828 1,582 2,444 4,854
Use of reserve:
Social Security........................................ 445 886 1,433 2,764 62%
Medicare............................................... 124 226 336 686 15%
Universal Savings Accounts............................. 96 176 264 536 12%
Military readiness and other critical national needs. 138 180 164 481 11%
------------------------------------------------------
Total use of reserve................................. 803 1,468 2,196 4,467 100%
Financing costs........................................ 24 114 248 387
---------------------------------------------
Total reserve........................................ 828 1,582 2,444 4,854
Memorandum:
Debt held by the public after use of reserve, end of
period................................................ 3,290 2,466 1,168
Percent of GDP......................................... 30% 18% 7%
----------------------------------------------------------------------------------------------------------------
[[Page 378]]
Table S-8. TOBACCO LEGISLATION
(In billions of dollars)
----------------------------------------------------------------------------------------------------------------
Estimate
---------------------------------------
2000 2001 2002 2003 2004
----------------------------------------------------------------------------------------------------------------
Receipts:
55 cent per pack increase \1\......................................... 6.9 6.4 6.4 6.4 6.4
Accelerate BBA 15 cent increase....................................... 1.1 0.7 0.2 ...... ......
---------------------------------------
Total............................................................... 8.0 7.1 6.6 6.4 6.4
Tobacco-Related Health Care Costs in Federal Programs:
Veterans.............................................................. 4.0 4.0 4.0 4.0 4.0
Federal Employees Health Benefits Program............................. 2.2 2.3 2.5 2.7 2.9
Department of Defense................................................. 1.6 1.7 1.7 1.7 1.8
Indian Health Service................................................. 0.3 0.3 0.3 0.3 0.3
---------------------------------------
Total............................................................... 8.0 8.2 8.5 8.7 8.9
Memorandum:
Estimated effects of recoupment policy................................ ...... -4.6 -4.7 -4.8 -4.8
----------------------------------------------------------------------------------------------------------------
\1\ Includes accelerated date for BATF excise tax ($381 million into 2000).
[[Page 379]]
Table S-9. DISCRETIONARY PROPOSALS BY APPROPRIATIONS SUBCOMMITTEE
(In billions of dollars)
----------------------------------------------------------------------------------------------------------------
1998 Enacted 1999 Estimate 2000 Proposed Change: 1999 to
------------------------------------------------------------ 2000
Appropriations Subcommittee ------------------
BA Outlays BA Outlays BA Outlays BA Outlays
----------------------------------------------------------------------------------------------------------------
Discretionary, Excluding Special
Categories
Agriculture and Rural Development 14.1 13.8 14.2 15.1 13.7 14.1 -0.4 -1.1
Commerce, Justice, State and the
Judiciary....................... 26.1 24.7 29.6 27.2 29.9 28.4 0.4 1.2
District of Columbia............. 0.8 0.8 0.4 0.4 0.3 0.3 -0.1 -0.1
Energy and Water Development..... 20.9 20.7 21.6 21.5 21.5 21.2 -0.2 -0.3
Foreign Operations:
Subcommittee Total (Excluding
Funding Listed Below)......... 13.1 13.0 15.3 13.2 14.6 13.3 -0.7 0.1
IMF: Increase in the U.S.
Quota....................... ........ ........ 14.5 ........ ........ ........ -14.5 ........
IMF: New Arrangements to
Borrow (NAB)................ ........ ........ 3.4 ........ ........ ........ -3.4 ........
Interior and Related Agencies.... 14.0 13.6 14.0 14.3 15.0 14.9 1.0 0.7
Labor, HHS, and Education........ 81.1 75.2 84.5 82.0 89.2 88.1 4.6 6.1
Legislative...................... 2.3 2.2 2.6 2.4 2.6 2.7 0.0 0.3
Military Construction............ 9.3 9.9 8.7 9.2 5.4 8.4 -3.2 -0.8
National Security................ 250.7 248.3 255.0 255.5 262.9 253.5 7.9 -2.0
Transportation and Related
Agencies........................ 14.9 37.2 12.4 13.8 12.8 14.6 0.3 0.8
Treasury, Postal Service, and
General Government.............. 12.6 12.4 14.2 13.5 13.3 13.6 -0.9 0.1
Veterans Affairs, HUD,
Independent Agencies............ 68.9 79.0 71.3 80.1 69.6 81.5 -1.7 1.4
Designated Offsets to
Discretionary Spending.......... ........ ........ ........ ........ -18.1 -17.9 -18.1 -17.9
Emergency Funding:
Emergency Funding for Wye River
Memorandum.................... ........ ........ 0.9 0.6 ........ 0.1 -0.9 -0.5
Contingent Emergency Funding
Expected to be Released....... ........ ........ 6.7 2.5 ........ 2.7 -6.7 0.2
------------------------------------------------------------------------------
Total, Discretionary,
Excluding Special Categories 528.7 550.8 569.2 551.4 532.7 539.5 -36.4 -11.8
Violent Crime Reduction
Commerce, Justice, State and the
Judiciary....................... 5.2 3.8 5.5 3.8 4.2 5.3 -1.3 1.5
Labor, HHS, and Education........ 0.1 0.1 0.2 0.1 0.2 0.2 -0.0 0.0
Treasury, Postal Service, and
General Government.............. 0.1 0.1 0.1 0.1 0.1 0.1 0.0 -0.0
------------------------------------------------------------------------------
Total, Violent Crime Reduction
Spending...................... 5.5 3.9 5.8 4.0 4.5 5.6 -1.3 1.5
Highway Category
Transportation and Related
Agencies........................ NA NA ........ 21.8 ........ 24.6 ....... 2.8
------------------------------------------------------------------------------
Total, Highway Spending........ NA NA ........ 21.8 ........ 24.6 ....... 2.8
Mass Transit Category
Transportation and Related
Agencies........................ NA NA ........ 4.0 ........ 4.1 ....... 0.1
------------------------------------------------------------------------------
Total, Mass Transit Spending... NA NA ........ 4.0 ........ 4.1 ....... 0.1
------------------------------------------------------------------------------
Total, Discretionary
Spending, Excluding IMF and
Emergency Funding........... 534.2 554.7 549.5 578.1 537.2 571.0 -12.3 -7.0
==============================================================================
Total, Discretionary Spending 534.2 554.7 575.0 581.2 537.2 573.8 -37.7 7.4
----------------------------------------------------------------------------------------------------------------
NA = Not applicable.
[[Page 381]]
========================================================================
Summaries by Agency
========================================================================
[[Page 383]]
========================================================================
SUMMARIES BY AGENCY
Table S-10. DISCRETIONARY BUDGET AUTHORITY BY AGENCY
(In billions of dollars)
----------------------------------------------------------------------------------------------------------------
Estimate
Agency 1998 -----------------------------------------------------------
Actual 1999 2000 2001 2002 2003 2004
----------------------------------------------------------------------------------------------------------------
Legislative Branch........................ 2.3 2.6 2.7 2.7 2.7 2.8 2.8
Judicial Branch........................... 3.2 3.4 3.9 3.9 3.9 4.0 4.0
Agriculture............................... 15.8 15.8 15.2 15.6 15.4 15.4 15.4
Commerce.................................. 4.2 5.1 7.2 5.1 4.6 4.6 4.5
Defense--Military......................... 259.8 263.5 268.2 287.4 289.3 299.7 308.5
Education................................. 29.8 28.8 32.8 34.7 34.7 34.7 34.7
Energy.................................... 16.8 17.9 17.8 18.7 18.6 18.5 18.5
Health and Human Services................. 37.1 41.3 41.5 43.5 43.4 43.4 43.4
Housing and Urban Development............. 22.4 25.5 23.8 28.0 28.0 28.0 28.0
Interior.................................. 8.1 7.8 8.6 8.6 8.6 8.6 8.6
Justice................................... 17.6 18.1 18.4 18.5 18.6 18.4 18.4
Labor..................................... 10.7 11.0 11.5 11.5 11.5 11.5 11.5
State..................................... 5.6 7.6 6.4 6.3 6.4 6.6 6.8
Transportation............................ 15.0 12.5 12.9 13.5 14.0 14.7 15.2
Treasury.................................. 11.5 12.7 12.0 12.7 12.5 12.6 12.6
Veterans Affairs.......................... 18.9 19.2 19.2 19.2 19.2 19.2 19.2
Corps of Engineers........................ 4.2 4.1 3.9 3.9 3.9 4.0 4.0
Other Defense Civil Programs.............. 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Environmental Protection Agency........... 7.4 7.6 7.2 7.2 7.2 7.2 7.2
Executive Office of the President......... 0.2 0.4 0.3 0.3 0.3 0.3 0.3
Federal Emergency Management Agency....... 2.4 0.8 0.9 0.9 0.9 0.9 0.9
General Services Administration........... 0.1 0.5 0.2 0.4 0.3 0.3 0.2
International Assistance Programs......... 11.4 31.2 12.7 12.7 12.2 12.2 12.2
National Aeronautics and Space
Administration........................... 13.6 13.7 13.6 13.8 13.8 13.8 13.8
National Science Foundation............... 3.4 3.7 3.9 4.0 4.0 3.9 3.9
Office of Personnel Management............ 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Small Business Administration............. 0.7 0.7 0.8 0.8 0.8 0.8 0.8
Social Security Administration............ 5.5 5.5 5.6 5.6 5.6 5.6 5.6
Other Independent Agencies................ 6.2 6.2 6.6 6.9 6.8 6.8 6.8
Allowances................................ ........ 7.6 -0.3 -47.7 -41.6 -20.5 -22.5
Undistributed Offsetting Receipts......... ........ ........ -2.8 1.1 1.1 -0.2 -0.2
---------------------------------------------------------------------
Total..................................... 534.2 575.0 555.0 540.3 547.2 578.0 585.5
----------------------------------------------------------------------------------------------------------------
[[Page 384]]
Table S-11. DISCRETIONARY OUTLAYS BY AGENCY
(In billions of dollars)
----------------------------------------------------------------------------------------------------------------
Estimate
Agency 1998 -----------------------------------------------------------
Actual 1999 2000 2001 2002 2003 2004
----------------------------------------------------------------------------------------------------------------
Legislative Branch........................ 2.2 2.5 2.7 2.7 2.8 2.9 2.9
Judicial Branch........................... 3.2 3.2 3.7 3.9 3.9 4.0 4.0
Agriculture............................... 15.6 16.7 15.5 15.5 15.4 15.5 15.4
Commerce.................................. 4.3 4.7 6.6 5.2 4.7 4.7 4.7
Defense--Military......................... 258.1 264.6 261.8 269.4 279.3 291.2 300.9
Education................................. 26.3 28.6 31.8 34.9 34.8 34.8 34.9
Energy.................................... 17.0 17.5 17.7 18.2 18.3 18.3 18.2
Health and Human Services................. 35.0 38.6 41.6 43.0 43.4 43.4 43.4
Housing and Urban Development............. 33.4 33.2 34.4 33.9 32.0 31.2 30.2
Interior.................................. 7.4 8.3 8.4 8.7 8.7 8.8 8.8
Justice................................... 15.2 15.6 18.8 20.0 18.8 18.8 18.6
Labor..................................... 10.4 10.9 11.1 11.4 11.5 11.5 11.5
State..................................... 4.9 6.3 6.4 6.8 6.8 6.4 6.5
Transportation............................ 37.4 39.7 43.3 46.1 47.5 49.2 50.8
Treasury.................................. 10.7 12.2 12.1 12.6 12.6 12.6 12.6
Veterans Affairs.......................... 18.5 19.2 19.0 19.3 19.2 19.2 19.2
Corps of Engineers........................ 4.0 4.1 4.0 3.9 3.9 4.0 4.0
Other Defense Civil Programs.............. 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Environmental Protection Agency........... 6.6 6.9 7.4 7.6 7.4 7.3 7.3
Executive Office of the President......... 0.2 0.4 0.3 0.3 0.3 0.3 0.3
Federal Emergency Management Agency....... 2.6 2.8 2.9 2.6 2.0 1.7 1.6
General Services Administration........... 0.9 0.3 0.4 0.4 0.4 0.3 0.3
International Assistance Programs......... 11.4 11.7 11.7 11.9 12.5 12.4 12.3
National Aeronautics and Space
Administration........................... 14.2 14.0 13.4 13.4 13.5 13.7 13.7
National Science Foundation............... 3.1 3.2 3.6 3.8 3.9 3.9 3.9
Office of Personnel Management............ 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Small Business Administration............. 0.8 0.7 0.8 0.8 0.8 0.8 0.8
Social Security Administration............ 5.4 5.9 5.8 5.7 5.6 5.6 5.6
Other Independent Agencies................ 5.8 5.9 6.2 6.5 6.6 6.7 6.8
Allowances................................ ........ 3.1 2.6 -23.8 -36.3 -29.4 -24.2
Undistributed Offsetting Receipts......... ........ ........ -2.8 1.1 1.1 -0.2 -0.2
---------------------------------------------------------------------
Total..................................... 554.7 581.2 591.5 586.2 581.7 599.9 615.2
----------------------------------------------------------------------------------------------------------------
[[Page 385]]
========================================================================
Other Summary Tables
========================================================================
[[Page 387]]
========================================================================
OTHER SUMMARY TABLES
Table S-12. RECEIPTS BY SOURCE--SUMMARY
(In millions of dollars)
----------------------------------------------------------------------------------------------------------------
Estimate
Source 1998 -----------------------------------------------------------------------
Actual 1999 2000 2001 2002 2003 2004
----------------------------------------------------------------------------------------------------------------
Individual income taxes..... 828,586 868,945 899,741 912,477 942,750 970,703 1,017,735
Corporation income taxes.... 188,677 182,210 189,356 196,555 203,438 212,302 221,453
Social insurance and
retirement receipts........ 571,831 608,824 636,529 660,296 686,348 711,984 739,186
(On-budget)............... (156,032) (164,778) (171,215) (177,660) (184,584) (189,760) (196,259)
(Off-budget).............. (415,799) (444,036) (465,314) (482,636) (501,764) (522,224) (542,927)
Excise taxes................ 57,673 68,075 69,902 70,795 72,323 73,761 75,352
Estate and gift taxes....... 24,076 25,932 26,972 28,367 30,489 31,600 33,902
Customs duties.............. 18,297 17,654 18,364 19,975 21,415 22,959 24,854
Miscellaneous receipts...... 32,658 34,694 42,128 44,851 50,295 51,713 53,045
-----------------------------------------------------------------------------------
Total receipts.......... 1,721,798 1,806,334 1,882,992 1,933,316 2,007,058 2,075,022 2,165,527
(On-budget)........... (1,305,999
) (1,362,298
) (1,417,678
) (1,450,680
) (1,505,294
) (1,552,798
) (1,622,600
)
(Off-budget).......... (415,799) (444,036) (465,314) (482,636) (501,764) (522,224) (542,927)
----------------------------------------------------------------------------------------------------------------
[[Page 388]]
Table S-13. FEDERAL EMPLOYMENT IN THE EXECUTIVE BRANCH
(Civilian employment as measured by Full-Time Equivalents, in thousands)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Actual Estimate Change: 1993 base to
---------------------------------------------------------------------------------------- 2000
Agency 1993 Base ---------------------
1993 1994 1995 1996 1997 1998 1999 2000 FTE's Percent
--------------------------------------------------------------------------------------------------------------------------------------------------------
Cabinet agencies:
Agriculture \1\.............. 115.6 114.4 109.8 103.8 100.7 98.5 96.4 98.0 97.6 -18.0 -15.6%
Commerce..................... 36.7 36.1 36.0 35.3 33.8 32.6 35.7 47.5 92.9 56.1 152.9%
Defense-military functions... 931.3 931.8 868.3 821.7 778.9 745.8 707.2 686.5 662.9 -268.4 -28.8%
Education.................... 5.0 4.9 4.8 4.8 4.7 4.5 4.5 4.7 4.7 -0.3 -5.7%
Energy....................... 20.6 20.3 19.8 19.7 19.1 17.3 16.3 16.5 16.2 -4.4 -21.5%
Health and Human Services \1\ 65.0 66.1 62.9 59.3 57.2 57.6 57.9 60.5 62.0 -2.9 -4.5%
Social Security
Administration.............. 65.4 64.8 64.5 64.6 64.0 65.2 64.0 63.8 63.6 -1.8 -2.8%
Housing and Urban Development 13.6 13.3 13.1 12.1 11.4 11.0 9.8 10.6 10.6 -3.0 -22.3%
Interior..................... 79.3 78.1 76.3 72.0 66.7 65.7 66.5 68.3 69.9 -9.4 -11.8%
Justice...................... 99.4 95.4 95.3 97.9 103.8 111.0 117.3 124.1 128.7 29.3 29.5%
Labor........................ 18.3 18.0 17.5 16.8 16.0 15.9 16.3 16.9 17.4 -0.9 -5.1%
State........................ 35.0 34.2 33.5 31.8 30.2 29.2 26.4 26.9 27.6 -7.4 -21.2%
Transportation............... 70.3 69.1 66.4 63.2 62.4 62.5 63.4 65.0 65.8 -4.6 -6.5%
Treasury..................... 166.1 161.1 157.3 157.5 151.1 145.5 142.1 145.4 146.1 -20.0 -12.0%
Veterans Affairs \1\......... 232.4 234.2 233.1 228.5 221.9 211.5 207.1 205.4 197.9 -34.5 -14.8%
Other agencies--excluding
Postal Service:
Agency for International
Development \1\............. 4.4 4.1 3.9 3.6 3.4 2.8 2.7 2.6 2.6 -1.8 -41.2%
Corps of Engineers........... 29.2 28.4 27.9 27.7 27.1 26.0 24.8 25.2 24.7 -4.5 -15.3%
Environmental Protection
Agency...................... 18.6 17.9 17.6 17.5 17.2 17.0 17.7 18.4 18.4 -0.2 -0.9%
Equal Employment Opportunity
Commission.................. 2.9 2.8 2.8 2.8 2.7 2.6 2.5 2.8 2.9 0.1 3.2%
Federal Emergency Management
Agency...................... 2.7 4.0 4.9 4.6 4.7 5.1 4.6 4.6 4.7 2.0 72.4%
FDIC/RTC..................... 21.6 21.9 20.0 15.7 11.8 8.7 7.9 7.3 6.9 -14.6 -67.9%
General Services
Administration.............. 20.6 20.2 19.5 17.0 15.7 14.5 14.1 14.2 14.2 -6.5 -31.5%
National Aeronautics and
Space Administration........ 25.7 24.9 23.9 22.4 21.1 20.1 19.1 18.8 18.2 -7.6 -29.4%
National Archives and Records
Administration.............. 2.8 2.6 2.6 2.4 2.5 2.5 2.4 2.6 2.6 -0.1 -3.7%
National Labor Relations
Board....................... 2.1 2.1 2.1 2.0 1.9 1.9 1.9 1.9 2.0 -0.1 -6.7%
National Science Foundation.. 1.3 1.2 1.2 1.2 1.3 1.2 1.2 1.2 1.2 -0.1 -10.7%
Nuclear Regulatory
Comsmission................. 3.4 3.4 3.3 3.2 3.1 3.0 3.0 2.9 2.8 -0.6 -17.6%
Office of Personnel
Management.................. 6.2 5.9 5.3 4.2 3.4 2.8 2.8 3.0 3.0 -3.2 -51.9%
Panama Canal Commission...... 8.7 8.5 8.5 8.8 9.0 9.5 9.6 10.2 2.5 -6.2 -71.0%
Peace Corps.................. 1.3 1.2 1.2 1.2 1.1 1.1 1.1 1.2 1.2 -0.1 -4.8%
Railroad Retirement Board.... 1.8 1.8 1.7 1.6 1.5 1.4 1.3 1.2 1.2 -0.7 -37.2%
Securities and Exchange
Commission.................. 2.7 2.7 2.7 2.7 2.8 2.8 2.8 2.8 2.9 0.2 5.8%
Small Business Administration 4.0 5.6 6.3 5.7 4.7 4.5 4.4 4.6 4.6 0.6 15.4%
Smithsonian Institution...... 5.9 5.5 5.4 5.3 5.1 5.0 5.0 5.2 5.2 -0.6 -10.9%
Tennessee Valley Authority... 19.1 17.3 18.6 16.6 16.0 14.9 14.4 13.9 13.7 -5.4 -28.4%
All other small agencies..... 15.9 15.2 14.7 14.9 13.9 13.6 16.0 17.0 17.3 1.5 9.2%
------------------------------------------------------------------------------------------------------------------------
Total, Executive Branch
civilian employment........... 2,155.2 2,138.8 2,052.7 1,970.2 1,891.7 1,834.7 1,790.2 1,801.6 1,816.8 -338.4 -15.7%
Reduction from 1993 Base..... ......... -16.4 -102.5 -185.0 -263.5 -320.5 -365.0 -353.6 -338.4 ......... .........
Subtotal, Defense.............. 931.3 931.8 868.3 821.7 778.9 745.8 707.2 686.5 662.9 -268.4 -28.8%
Subtotal, Non-Defense.......... 1,223.9 1,207.1 1,184.4 1,148.4 1,112.8 1,088.9 1,083.0 1,115.2 1,153.9 -70.0 -5.7%
========================================================================================================================
Status of Federal Civilian
Employment Relative to the
Federal Workforce
Restructuring Act \2\
Total, Executive Branch
Employment.................. NA NA 2,052.7 1,970.2 1,891.7 1,834.7 1,790.2 1,801.6 NA NA NA
Less: FTEs exempt from FWRA.. NA NA 5.7 5.7 7.6 7.4 5.2 5.5 NA NA NA
Total, Executive Branch
subject to FWRA Ceiling..... NA NA 2,047.0 1,964.4 1,884.1 1,827.3 1,785.0 1,796.1 NA NA NA
FWRA Ceiling................. NA NA 2,084.6 2,043.3 2,003.3 1,963.3 1,922.3 1,882.3 NA NA NA
Executive Branch Employment
Relative to FWRA Ceiling.... NA NA -37.6 -78.9 -119.2 -136.1 -137.3 -86.2 NA NA NA
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ The Departments of Agriculture, Health and Human Services, Veterans Affairs, and the Agency for International Development have components that are
exempt from FTE controls. In 1999, Agriculture has 2,128 exemptions; HHS has 358 exemptions; Veterans Affairs has 3,000 exemptions and AID has 10
exemptions.
\2\ FTE limitations are set for the Executive Branch in the Federal Workforce Restructuring Act of 1994 (P.L. 103-226) from 1994-1999.
[[Page 389]]
Table S-14. FEDERAL GOVERNMENT FINANCING AND DEBT: WITH SOCIAL SECURITY REFORM \1\
(In billions of dollars)
----------------------------------------------------------------------------------------------------------------
Estimate
1998 -----------------------------------------------------------
Actual 1999 2000 2001 2002 2003 2004
----------------------------------------------------------------------------------------------------------------
Financing:
Surplus pending Social Security reform.. 69.2 79.3 117.3 134.1 186.7 182.0 207.6
Less: Social Security reform proposals:
Social Security trust fund............ ........ ........ -84.7 -69.9 -91.6 -90.3 -108.9
Medicare trust fund................... ........ ........ -18.3 -20.3 -28.1 -26.9 -30.4
Universal Savings Accounts............ ........ ........ -14.0 -15.9 -21.9 -20.9 -23.6
Military readiness and other critical
national needs....................... ........ ........ ........ -26.3 -40.9 -36.5 -34.1
Financing costs....................... ........ ........ -0.3 -1.7 -4.3 -7.5 -10.6
---------------------------------------------------------------------
Surplus with Social Security reform..... 69.2 79.3 0.0 0.0 0.0 0.0 0.0
Means of financing other than borrowing
from the public:
Transfers to Social Security trust
fund \2\............................. ........ ........ 84.7 69.9 91.6 90.3 108.9
Less: Purchases of stock by Social
Security trust fund:
From transfers...................... ........ ........ -17.8 -14.7 -19.0 -19.0 -22.9
From reinvested dividends........... ........ ........ -0.4 -1.2 -2.1 -3.1 -4.3
Transfers to Medicare trust fund \2\.. ........ ........ 18.3 20.3 28.1 26.9 30.4
Changes in: \3\
Treasury operating cash balance..... 4.7 -1.1 ........ ........ ........ ........ ........
Checks outstanding, etc. \4\........ -10.5 -3.7 -0.1 ........ ........ ........ ........
Deposit fund balances............... -0.8 -1.7 ........ ........ ........ ........ ........
Seigniorage on coins.................. 0.6 0.9 1.0 1.0 1.0 1.0 1.0
Less: Net financing disbursements:
Direct loan financing accounts...... -11.5 -25.2 -21.2 -20.1 -19.6 -19.2 -17.7
Guaranteed loan financing accounts.. -0.5 1.6 0.9 1.8 1.8 1.8 2.0
Total, means of financing other
than borrowing from the public... -18.0 -29.1 65.4 57.1 81.7 78.7 97.3
---------------------------------------------------------------------
Total, repayment of debt held by
the public..................... 51.3 50.1 65.4 57.1 81.7 78.7 97.3
Change in debt held by the public....... -51.3 -50.1 -65.4 -57.1 -81.7 -78.7 -97.3
Debt Outstanding, End of Year:
Gross Federal debt:
Debt issued by Treasury............... 5,449.3 5,586.6 5,803.7 6,016.5 6,252.1 6,496.7 6,753.2
Debt issued by other agencies......... 29.4 28.4 27.5 26.4 25.5 24.1 22.8
---------------------------------------------------------------------
Total, gross Federal debt........... 5,478.7 5,614.9 5,831.2 6,043.0 6,277.5 6,520.8 6,776.0
Held by:
Government accounts................... 1,758.8 1,945.2 2,226.8 2,495.7 2,811.9 3,133.8 3,486.3
The public............................ 3,719.9 3,669.7 3,604.4 3,547.3 3,465.6 3,386.9 3,289.6
Federal Reserve Banks \5\........... 458.1
Other............................... 3,261.7
Debt Subject to Statutory Limitation, End
of Year:
Debt issued by Treasury................. 5,449.3 5,586.6 5,803.7 6,016.5 6,251.1 6,496.7 6,753.2
Less: Treasury debt not subject to
limitation \6\......................... -15.5 -15.5 -15.5 -15.5 -15.5 -15.5 -15.5
Agency debt subject to limitation....... 0.2 0.1 0.1 0.1 0.1 0.1 0.1
Adjustment for discount and premium \7\ 5.5 5.5 5.5 5.5 5.5 5.5 5.5
---------------------------------------------------------------------
Total, debt subject to statutory
limitation \8\....................... 5,439.4 5,576.6 5,793.7 6,006.5 6,242.1 6,486.7 6,743.2
----------------------------------------------------------------------------------------------------------------
\1\ Treasury securities held by the public and zero-coupon bonds held by Government accounts are almost entirely
measured at sales price plus amortized discount or less amortized premium. Agency debt is almost entirely
measured at face value. Treasury securities in the Government account series are measured at face value less
unrealized discount (if any).
\2\ The transfers to the Social Security and Medicare trust funds do not require financing with borrowing from
the public and therefore must be added to the surplus in order to derive the change in debt held by the
public.
\3\ A decrease in the Treasury operating cash balance (which is an asset) would be a means of financing the
deficit and therefore has a positive sign. An increase in checks outstanding or deposit fund balances (which
are liabilities) would also be a means of financing the deficit and therefore has a positive sign.
\4\ Besides checks outstanding, includes accrued interest payable on Treasury debt, miscellaneous liability
accounts, allocations of special drawing rights, and, as an offset, cash and monetary assets other than the
Treasury operating cash balance, miscellaneous asset accounts, and profit on sale of gold.
[[Page 390]]
\5\ Debt held by the Federal Reserve Banks is not estimated for future years.
\6\ Consists primarily of Federal Financing Bank debt.
\7\ Consists of unamortized discount (less premium) on public issues of Treasury notes and bonds (other than
zero-coupon bonds) and unrealized discount on Government account series securities.
\8\ The statutory debt limit is $5,950 billion.
[[Page 391]]
Table S-15. COMPARISON OF ECONOMIC ASSUMPTIONS
(Calendar years)
----------------------------------------------------------------------------------------------------------------
Projections
-----------------------------------------------------
1999 2000 2001 2002 2003 2004
----------------------------------------------------------------------------------------------------------------
Real GDP (chain-weighted): \1\
1999 Mid-Session Review................................ 2.0 2.0 2.2 2.4 2.4 2.4
CBO January............................................ 1.8 1.9 2.3 2.4 2.5 2.4
2000 Budget............................................ 2.0 2.0 2.0 2.4 2.4 2.4
Chain-weighted GDP price index: \1\
1999 Mid-Session Review................................ 2.0 2.2 2.2 2.2 2.2 2.2
CBO January............................................ 2.1 2.0 2.2 2.1 2.1 2.1
2000 Budget............................................ 1.9 2.1 2.1 2.1 2.1 2.1
Consumer Price Index (all-urban): \1\
1999 Mid-Session Review................................ 2.1 2.3 2.3 2.3 2.3 2.3
CBO January............................................ 2.7 2.6 2.6 2.6 2.6 2.6
2000 Budget............................................ 2.3 2.3 2.3 2.3 2.3 2.3
Unemployment rate: \2\
1999 Mid-Session Review................................ 5.0 5.2 5.4 5.4 5.4 5.4
CBO January............................................ 4.6 5.1 5.4 5.6 5.7 5.7
2000 Budget............................................ 4.8 5.0 5.2 5.3 5.3 5.3
Interest rates: \2\
91-day Treasury bills:
1999 Mid-Session Review.............................. 4.9 4.8 4.7 4.7 4.7 4.7
CBO January.......................................... 4.5 4.5 4.5 4.5 4.5 4.5
2000 Budget.......................................... 4.2 4.3 4.3 4.4 4.4 4.4
10-year Treasury notes:
1999 Mid-Session Review.............................. 5.6 5.6 5.6 5.6 5.6 5.6
CBO January.......................................... 5.1 5.3 5.4 5.4 5.4 5.4
2000 Budget.......................................... 4.9 5.0 5.2 5.3 5.4 5.4
----------------------------------------------------------------------------------------------------------------
\1\ Percent change, fourth quarter over fourth quarter.
\2\ Annual averages, percent.