[Budget of the United States Government]
[VI. Summary Tables]
[From the U.S. Government Publishing Office, www.gpo.gov]
[[Page 389]]
[[Page 391]]
Table S-1. Framework for Social Security and Medicare Reform and Fiscal Discipline
(In billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Totals
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 ---------------------
2001-2005 2001-2010
--------------------------------------------------------------------------------------------------------------------------------------------------------
Current Services Unified 179 171 197 193 213 247 304 347 377 411 457 1,022 2,919
Surplus.......................
Allocation of Surplus:
Social Security solvency lock- 148 160 172 184 195 214 224 239 250 260 272 924 2,169
box.........................
Health initiatives:
Medicare solvency.......... ....... 15 13 ....... ....... ....... 26 47 57 61 80 28 299
Reserve for catastrophic ....... ....... ....... ....... ....... ....... 4 5 7 8 11 ......... 35
prescription drug coverage
Prescription drugs......... ....... -* -1 4 10 10 11 13 15 17 20 22 98
Health coverage............ ....... 1 2 3 5 6 10 14 15 16 18 18 91
------------------------------------------------------------------------------------------------------------------------
Subtotal, health ....... 16 14 7 15 16 51 79 93 103 128 68 523
initiatives.............
Discretionary savings:
Department of Defense...... 2 1 -2 -2 -1 5 2 -2 * * * 1 3
Non-Defense................ 1 -4 2 -* -3 -5 -5 -5 -5 -5 -5 -10 -35
------------------------------------------------------------------------------------------------------------------------
Subtotal, discretionary.. 2 -3 * -2 -4 * -3 -7 -5 -4 -4 -8 -32
Net tax cut.................. * * 4 10 17 24 37 39 38 42 45 55 256
Farm safety net.............. 1 4 4 1 1 1 1 1 1 1 1 10 14
Other mandatory and offsets.. -* -1 * -* -1 -2 -2 -2 -2 -2 -2 -4 -14
Tobacco policy............... -* -4 -4 -4 -10 -10 -10 -9 -9 -3 -3 -31 -66
Restoring budgetary 10 -10 4 -4 ....... ....... ....... ....... ....... ....... ....... -10 -10
conventions.................
Debt service................. * * * 1 1 3 5 8 11 15 20 5 64
------------------------------------------------------------------------------------------------------------------------
Remaining On-Budget Surplus.... 19 9 1 * * 2 1 1 * * * 13 16
Memorandum--debt reduction:
Social Security solvency lock- 148 160 172 184 195 214 224 239 250 260 272 924 2,169
box.........................
Medicare solvency............ ....... 15 13 ....... ....... ....... 26 47 57 61 80 28 299
Reserve for catastrophic ....... ....... ....... ....... ....... ....... 4 5 7 8 11 ......... 35
prescription drug coverage..
On-budget surplus............ 19 9 1 * * 2 1 1 * * * 13 16
------------------------------------------------------------------------------------------------------------------------
Total debt reduction......... 167 184 186 185 195 215 256 292 314 329 363 965 2,519
--------------------------------------------------------------------------------------------------------------------------------------------------------
* $500 million or less.
[[Page 392]]
Table S-2. Current Services Surpluses
(In billions of dollars)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 ---------------------
2001-2005 2001-2010
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Unified surplus............................................. 179 171 197 193 213 247 304 347 377 411 457 1,022 2,919
Off-budget.................................................. 148 160 173 185 195 214 225 239 250 260 272 926 2,173
On-budget................................................... 32 11 25 8 18 33 80 108 127 151 184 95 746
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
[[Page 393]]
Table S-3. Budget Summary
(In billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimates
1999 --------------------------------------------------------------------------------------------------
Actual 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
--------------------------------------------------------------------------------------------------------------------------------------------------------
Outlays:
Discretionary:
Department of Defense................... 262 278 279 285 294 303 317 318 322 332 341 349
Non-DoD discretionary................... 313 339 355 366 371 378 384 393 402 412 421 431
-----------------------------------------------------------------------------------------------------------
Subtotal, discretionary............... 575 618 634 651 665 681 701 711 724 744 762 781
Mandatory:
Social Security......................... 387 403 422 443 465 490 516 545 575 608 645 685
Medicare and Medicaid................... 296 316 342 362 389 426 462 489 535 574 617 661
Means-tested entitlements (except 104 110 111 119 126 131 139 140 141 150 154 160
Medicaid)..............................
Other................................... 112 123 117 121 128 136 144 150 157 168 177 187
-----------------------------------------------------------------------------------------------------------
Subtotal, mandatory..................... 898 952 993 1,046 1,108 1,183 1,260 1,324 1,408 1,500 1,594 1,693
Net interest.............................. 230 220 208 199 189 178 164 150 134 118 100 80
===========================================================================================================
Total outlays............................... 1,703 1,790 1,835 1,895 1,963 2,041 2,125 2,185 2,267 2,362 2,456 2,553
Receipts.................................... 1,827 1,956 2,019 2,081 2,147 2,236 2,341 2,440 2,559 2,676 2,785 2,917
Unified Budget Surplus...................... 124 167 184 186 185 195 215 256 292 314 329 363
Surplus Allocated for Debt Reduction:
Social Security solvency lock-box......... 124 148 160 172 184 195 214 224 239 250 260 272
Medicare solvency transfers............... ....... ....... 15 13 ....... ....... ....... 26 47 57 61 80
Reserve for catastrophic prescription drug ....... ....... ....... ....... ....... ....... ....... 4 5 7 8 11
coverage.................................
On-budget surplus......................... 1 19 9 1 * * 2 1 1 * * *
-----------------------------------------------------------------------------------------------------------
Total debt reduction.................... 124 167 184 186 185 195 215 256 292 314 329 363
Memorandum:
Discretionary outlays net of offsets \1\.. 575 618 626 649 663 679 699 709 723 743 762 780
--------------------------------------------------------------------------------------------------------------------------------------------------------
* $500 million or less.
\1\ Offsets for 1999 and 2000 have been reclassified as mandatory.
[[Page 394]]
Table S-4. Summary of Mandatory and Revenue Proposals \1\
(In billions of dollars)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Totals
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 ---------------------
2001-2005 2001-2010
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Health proposals:
Medicare:
President's Medicare Reform Plan:
Prescription Drug Benefit, Medicare Buy-in, and other ........ ........ 0.2 7.4 15.3 17.7 19.9 22.7 25.1 28.3 31.4 40.8 168.2
initiatives..........................................
Fee-for-service modernization, Competitive Defined ........ -* -0.4 -2.3 -4.4 -7.0 -8.1 -9.0 -9.7 -10.2 -11.0 -14.1 -62.1
Benefit, and other savings...........................
Other initiatives, offsets, and interactions............ ........ -0.5 -1.2 -1.1 -0.8 -0.8 -0.7 -0.7 -0.7 -0.8 -0.8 -4.4 -7.9
-----------------------------------------------------------------------------------------------------------------------------------
Total Medicare proposals.............................. ........ -0.5 -1.3 4.0 10.1 9.9 11.2 13.0 14.8 17.4 19.6 22.3 98.2
Medicaid/SCHIP:
Family coverage Medicaid/SCHIP initiative............... ........ 0.8 1.6 2.6 3.8 5.0 8.9 12.0 12.8 13.7 14.8 13.8 76.0
Benefits for legal immigrant children, pregnant women, ........ 0.1 0.1 0.2 0.3 0.5 0.6 0.8 1.1 1.3 1.5 1.2 6.5
and the disabled.......................................
Other initiatives (accelerating SCHIP/Medicaid children, ........ 0.4 1.0 1.1 1.3 1.2 1.4 1.6 1.7 1.9 2.0 4.9 13.6
etc.)..................................................
Other offsets (cost allocation, generic drugs, etc.).... ........ -0.1 -0.3 -0.6 -0.7 -0.7 -0.7 -0.7 -0.7 -0.7 -0.4 -2.4 -5.6
-----------------------------------------------------------------------------------------------------------------------------------
Total Medicaid/SCHIP proposals........................ ........ 1.1 2.4 3.3 4.7 6.0 10.3 13.8 14.9 16.2 17.9 17.5 90.5
-----------------------------------------------------------------------------------------------------------------------------------
Total health proposals.............................. ........ 0.7 1.1 7.3 14.8 15.9 21.5 26.8 29.6 33.5 37.4 39.8 188.6
Revenue proposals:
Gross tax cuts including refundable tax credits........... 0.2 5.9 13.4 19.8 27.4 35.3 46.0 48.0 47.7 52.2 55.7 101.7 351.4
Tax offsets............................................... -0.2 -5.9 -9.2 -9.7 -10.7 -11.7 -9.3 -9.3 -9.6 -10.0 -10.3 -47.2 -95.6
-----------------------------------------------------------------------------------------------------------------------------------
Net revenue proposals................................... 0.1 * 4.2 10.1 16.7 23.6 36.7 38.7 38.1 42.3 45.3 54.6 255.7
Other mandatory and revenue proposals:
Initiatives:
Farm safety net programs................................ 0.7 4.2 4.3 0.6 0.7 0.7 0.7 0.7 0.7 0.7 0.7 10.4 14.0
Legal immigrant and income support initiatives.......... ........ * 0.2 0.5 0.8 0.9 1.1 1.2 1.5 1.7 1.9 2.5 9.9
Child care: Early learning fund......................... ........ 0.4 0.6 0.6 0.6 0.6 0.2 * ........ ........ ........ 2.8 3.0
Fund Round II Urban Empowerment Zones................... ........ * 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.1 0.5 1.2
Extend welfare-to-work.................................. -0.1 -0.5 0.2 0.3 0.1 ........ ........ ........ ........ ........ ........ 0.1 0.1
Payments to Social Security for military service credits ........ 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 1.5 3.0
Other................................................... * 0.7 0.9 0.5 0.4 0.5 0.4 0.4 0.4 0.4 0.4 3.0 4.8
-----------------------------------------------------------------------------------------------------------------------------------
Total initiatives..................................... 0.6 5.1 6.5 2.9 2.9 3.1 2.8 2.8 3.1 3.3 3.4 20.6 36.0
[[Page 395]]
Offsets for mandatory:
Superfund tax extension................................. -0.2 -1.4 -1.2 -1.2 -1.2 -1.2 -1.3 -1.3 -1.3 -1.3 -1.4 -6.3 -12.9
Extend customs user fees................................ ........ ........ ........ ........ -1.5 -1.5 -1.6 -1.7 -1.7 -1.8 -1.9 -3.0 -11.8
Education student loan offsets.......................... ........ ........ -0.4 -0.5 -0.3 -0.3 -0.2 -0.3 -0.4 -0.4 -0.4 -1.6 -3.2
Other................................................... ........ -0.3 -0.4 -0.7 -0.7 -0.9 -1.0 -1.1 -1.1 -0.8 -1.2 -3.0 -8.2
-----------------------------------------------------------------------------------------------------------------------------------
Total offsets for mandatory........................... -0.2 -1.7 -2.0 -2.4 -3.7 -4.0 -4.1 -4.3 -4.6 -4.3 -4.9 -13.9 -36.1
Offsets for discretionary:
FAA user fees........................................... ........ -0.7 -1.4 -1.5 -1.5 -1.5 -1.2 -0.8 -0.4 ........ ........ -6.7 -9.0
Harbor services fees.................................... ........ -0.4 -0.4 -0.3 -0.3 -0.3 -0.3 -0.2 -0.2 -0.2 -0.2 -1.7 -2.8
Federal reserve transfer................................ ........ -3.8 ........ ........ ........ ........ ........ ........ ........ ........ ........ -3.8 -3.8
Other................................................... ........ -2.6 -0.5 -0.2 -0.2 -0.2 -0.2 -0.2 -0.2 -0.3 -0.3 -3.7 -4.9
-----------------------------------------------------------------------------------------------------------------------------------
Total offsets for discretionary....................... ........ -7.5 -2.3 -2.0 -2.0 -2.0 -1.7 -1.3 -0.8 -0.4 -0.4 -15.8 -20.5
Repeal mandatory timing shifts............................ 4.0 -4.0 4.5 -4.5 ........ ........ ........ ........ ........ ........ ........ -4.0 -4.0
-----------------------------------------------------------------------------------------------------------------------------------
Total other proposals................................... 4.5 -8.1 6.7 -6.0 -2.8 -2.9 -3.0 -2.8 -2.3 -1.5 -1.9 -13.0 -24.6
Tobacco policy.............................................. -0.4 -4.1 -3.7 -3.5 -10.1 -9.7 -9.8 -9.4 -9.2 -3.1 -3.1 -31.2 -65.9
===================================================================================================================================
Total, mandatory and revenue proposals...................... 4.1 -11.5 8.3 7.9 18.5 26.9 45.4 53.3 56.1 71.1 77.7 50.2 353.9
Memorandum:
Medicare solvency......................................... ........ 15.4 12.6 ........ ........ ........ 26.0 47.0 57.0 61.0 80.0 28.0 299.0
Reserve for catastrophic prescription drug coverage....... ........ ........ ........ ........ ........ ........ 4.0 5.0 6.8 8.4 10.8 ......... 35.0
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
* $50 million or less.
\1\ Additional details on mandatory and revenue proposals are shown on tables S-10 and S-12, respectively.
[[Page 396]]
Table S-5. Health Initiatives
(In billions of dollars; minus means savings)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Totals
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 ---------------------
2001-2005 2001-2010
--------------------------------------------------------------------------------------------------------------------------------------------------------
Medicare solvency.............. ....... 15.4 12.6 ....... ....... ....... 26.0 47.0 57.0 61.0 80.0 28.0 299.0
Reserve for catastrophic ....... ....... ....... ....... ....... ....... 4.0 5.0 6.8 8.4 10.8 ......... 35.0
prescription drug coverage....
Medicare Modernization:
President's Medicare Reform
Plan:
Prescription Drug Benefit, ....... ....... 0.2 7.4 15.3 17.7 19.9 22.7 25.1 28.3 31.4 40.8 168.2
Medicare Buy-in, and other
initiatives...............
Fee-for-service ....... -* -0.4 -2.3 -4.4 -7.0 -8.1 -9.0 -9.7 -10.2 -11.0 -14.1 -62.1
modernization, Competitive
Defined Benefit, and other
savings...................
Other initiatives, offsets, ....... -0.5 -1.2 -1.1 -0.8 -0.8 -0.7 -0.7 -0.7 -0.8 -0.8 -4.4 -7.9
and interactions............
------------------------------------------------------------------------------------------------------------------------
Total Medicare proposals... ....... -0.5 -1.3 4.0 10.1 9.9 11.2 13.0 14.8 17.4 19.6 22.3 98.2
Health Coverage Initiative:
Medicaid/SCHIP:
Family coverage Medicaid/ ....... 0.8 1.6 2.6 3.8 5.0 8.9 12.0 12.8 13.7 14.8 13.8 76.0
SCHIP initiative..........
Benefits for legal ....... 0.1 0.1 0.2 0.3 0.5 0.6 0.8 1.1 1.3 1.5 1.2 6.5
immigrant children,
pregnant women, and the
disabled..................
Other initiatives ....... 0.4 1.0 1.1 1.3 1.2 1.4 1.6 1.7 1.9 2.0 4.9 13.6
(accelerating SCHIP/
Medicaid children, etc.)..
------------------------------------------------------------------------------------------------------------------------
Total Medicaid/SCHIP ....... 1.2 2.7 3.9 5.4 6.7 10.9 14.4 15.6 16.9 18.3 19.9 96.0
proposals...............
Revenue proposals:
Tax credit for COBRA....... ....... ....... * 0.9 1.1 1.3 1.3 1.4 1.4 1.4 1.4 3.3 10.3
Tax credit for Medicare Buy- ....... ....... * 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.3 0.4 1.6
in........................
Disabled workers tax credit ....... * 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.7 1.7
Purchasing Cooperative tax ....... * * * * * * * * * 0.1 0.1 0.3
policies..................
------------------------------------------------------------------------------------------------------------------------
Total revenue proposals.. ....... * 0.2 1.2 1.5 1.7 1.8 1.8 1.9 1.9 2.0 4.6 13.9
------------------------------------------------------------------------------------------------------------------------
Total health coverage ....... 1.2 2.9 5.0 6.9 8.4 12.7 16.3 17.5 18.8 20.3 24.5 109.9
intiative.............
Other proposals:
Medicaid offsets (cost ....... -0.1 -0.3 -0.6 -0.7 -0.7 -0.7 -0.7 -0.7 -0.7 -0.4 -2.4 -5.6
allocation, generic drugs,
etc.).......................
Long-term care tax credit.... ....... 0.1 1.2 1.8 2.5 3.2 3.5 3.6 3.6 3.6 3.5 8.8 26.6
Vaccine tax credit........... ....... ....... ....... ....... ....... ....... * 0.2 0.2 0.3 0.4 ......... 1.0
------------------------------------------------------------------------------------------------------------------------
Total other proposals...... ....... -* 0.9 1.2 1.8 2.5 2.9 3.1 3.1 3.2 3.5 6.4 22.0
------------------------------------------------------------------------------------------------------------------------
Total health initiatives....... ....... 16.2 15.1 10.2 18.9 20.8 56.7 84.3 99.1 108.7 134.1 81.1 564.1
--------------------------------------------------------------------------------------------------------------------------------------------------------
* $50 million or less.
[[Page 397]]
Table S-6. Proposed Discretionary Spending Limits
(In billions of dollars)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Original Balanced Budget Act Limits:
Budget authority............................................ 526.9 533.0 537.2 542.0 551.1 ........ ........ ........ ........ ........ ........ ........ ........
Outlays..................................................... 553.3 559.3 564.3 564.4 560.8 ........ ........ ........ ........ ........ ........ ........ ........
Spending Funded by Alternative Mechanisms:
Budget authority.......................................... 8.5 37.0 49.3 ........ ........ ........ ........ ........ ........ ........ ........ ........ ........
Outlays................................................... 3.6 19.2 29.8 ........ ........ ........ ........ ........ ........ ........ ........ ........ ........
Adjustments for Reestimates and Changes in Concepts \1\:
Budget authority.......................................... -1.1 1.5 5.1 ........ ........ ........ ........ ........ ........ ........ ........ ........ ........
Outlays................................................... -2.2 -3.4 23.6 ........ ........ ........ ........ ........ ........ ........ ........ ........ ........
Enacted Program Levels/Current Services \2\:
Budget authority............................................ 534.2 571.5 591.5 607.0 625.0 640.9 657.1 673.7 690.4 709.2 727.2 745.2 763.8
Outlays..................................................... 554.7 575.1 617.6 635.5 648.4 665.4 682.8 698.8 712.2 729.9 748.1 765.8 784.6
Proposed Discretionary Spending:
Defense Military:
Budget authority.......................................... ........ ........ ........ 292.2 295.9 302.0 309.2 317.3 325.6 334.1 342.8 351.7 360.8
Outlays................................................... ........ ........ ........ 278.6 285.3 294.1 302.8 316.7 318.1 322.4 332.4 340.8 349.2
Non-Defense:
Budget authority.......................................... ........ ........ ........ 322.2 329.6 333.6 340.9 348.1 357.5 367.1 377.0 387.0 396.9
Outlays................................................... ........ ........ ........ 347.8 363.5 369.2 375.9 382.4 391.0 400.6 410.8 420.7 431.0
---------------------------------------------------------------------------------------------------
Total Discretionary:
Budget authority........................................ ........ ........ ........ 614.3 625.5 635.5 650.1 665.4 683.1 701.2 719.7 738.7 757.7
Outlays................................................. ........ ........ ........ 626.4 648.9 663.3 678.7 699.2 709.1 723.0 743.2 761.5 780.1
Difference From Current Services:
Defense Military:
Budget authority.......................................... ........ ........ ........ 4.5 0.8 -0.2 -0.4 0.1 0.4 -0.3 0.1 0.4 0.8
Outlays................................................... ........ ........ ........ -3.4 -1.5 -1.9 -1.4 4.9 2.0 -1.6 0.4 0.5 0.3
Non-Defense:
Budget authority.......................................... ........ ........ ........ 2.9 -0.4 -5.2 -6.6 -8.3 -7.7 -7.6 -7.5 -7.0 -6.9
Outlays................................................... ........ ........ ........ -5.7 2.0 -0.2 -2.6 -4.6 -5.2 -5.3 -5.2 -4.8 -4.7
---------------------------------------------------------------------------------------------------
Total Discretionary:
Budget authority........................................ ........ ........ ........ 7.4 0.4 -5.4 -7.0 -8.3 -7.3 -8.0 -7.4 -6.6 -6.1
Outlays................................................. ........ ........ ........ -9.1 0.5 -2.1 -4.0 0.3 -3.2 -6.9 -4.9 -4.3 -4.4
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ This line includes reestimates, the second and third year effects of emergency appropriations, and changes in concepts and definitions that are not included in the original BBA limits, or
in the alternative funding mechanisms.
\2\ Enacted program levels are shown for 1998, 1999, and 2000; current services for 2001-2010.
[[Page 398]]
Table S-7. Restoring Budgetary Conventions
(In billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
2000 2001 2002 2003
-----------------------------------------------------------------------------------------------
BA Outlays BA Outlays BA Outlays BA Outlays
--------------------------------------------------------------------------------------------------------------------------------------------------------
Restore traditional discretionary timing:
Defense pay........................................... .......... 3.5 .......... -3.5 .......... .......... .......... ..........
Defense obligations delay............................. .......... 1.3 .......... -1.3 .......... .......... .......... ..........
-----------------------------------------------------------------------------------------------
Subtotal, defense................................... .......... 4.7 .......... -4.7 .......... .......... .......... ..........
Non-Defense pay....................................... .......... 0.8 .......... -0.8 .......... .......... .......... ..........
Non-Defense obligations delay......................... .......... 0.5 .......... -0.5 .......... .......... .......... ..........
Advance appropriations................................ 14.4 .......... .......... .......... .......... .......... .......... ..........
-----------------------------------------------------------------------------------------------
Subtotal, discretionary............................. 14.4 6.0 .......... -6.0 .......... .......... .......... ..........
Restore traditional mandatory timing:
Veterans compensation................................. 1.8 1.8 -1.8 -1.8 .......... .......... .......... ..........
Suplemental security income........................... 2.2 2.2 -2.2 -2.2 .......... .......... .......... ..........
Medicare.............................................. .......... .......... .......... .......... 4.5 4.5 -4.5 -4.5
-----------------------------------------------------------------------------------------------
Subtotal, mandatory................................. 4.0 4.0 -4.0 -4.0 4.5 4.5 -4.5 -4.5
-----------------------------------------------------------------------------------------------
Total................................................... 18.4 10.0 -4.0 -10.0 4.5 4.5 -4.5 -4.5
--------------------------------------------------------------------------------------------------------------------------------------------------------
[[Page 399]]
Table S-8. Discretionary Proposals by Appropriations Subcommittee
(Program level, in billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1999 Enacted 2000 Estimate 2001 Proposed Change: 2000 to 2001
Appropriations Subcommittee -----------------------------------------------------------------------------------------------
BA Outlays BA Outlays BA Outlays BA Outlays
--------------------------------------------------------------------------------------------------------------------------------------------------------
Agriculture and Rural Development....................... 14.6 14.5 14.6 15.8 14.8 15.1 0.2 -0.7
Commerce, Justice, State and the Judiciary.............. 35.9 32.7 39.7 37.7 37.8 39.3 -1.9 1.6
Defense................................................. 265.7 253.1 272.7 269.8 284.3 270.1 11.6 0.3
District of Columbia.................................... 0.7 0.6 0.5 0.5 0.4 0.4 * -0.1
Energy and Water Development............................ 21.8 21.6 21.2 21.6 22.6 21.7 1.5 0.1
Foreign Operations...................................... 15.2 13.2 15.8 13.8 14.8 15.2 -0.9 1.4
Interior and Related Agencies........................... 14.4 14.4 14.8 14.7 16.4 15.8 1.6 1.1
Labor, HHS, and Education............................... 89.5 80.1 96.6 90.8 105.8 97.8 9.2 6.9
Legislative............................................. 2.6 2.3 2.4 2.6 2.7 2.8 0.3 0.2
Military Construction................................... 9.0 9.2 8.4 8.5 8.0 8.6 -0.4 0.1
Transportation and Related Agencies..................... 12.8 39.7 12.5 43.7 13.9 46.8 1.4 3.1
Treasury, Postal Service, and General Government........ 14.6 13.3 13.8 14.1 16.3 15.4 2.5 1.3
Veterans Affairs, HUD, Independent Agencies............. 74.7 80.4 78.6 82.6 84.4 86.4 5.8 3.8
Allowances.............................................. .......... .......... .......... .......... -0.2 -0.2 -0.2 -0.2
Repeal of obligation/pay delays in P.L. 106-113......... .......... .......... .......... 1.3 .......... -1.3 .......... -2.7
Designated offsets...................................... .......... .......... .......... .......... -7.9 -7.5 -7.9 -7.5
-----------------------------------------------------------------------------------------------
Total, net program level.............................. 571.5 575.1 591.5 617.6 614.3 626.4 22.8 8.8
--------------------------------------------------------------------------------------------------------------------------------------------------------
* $50 million or less.
Note: Gross program level adjusts for advance appropriations, rescissions, appropriations for IMF, and mandatory offsets enacted in 1999 and 2000.
Offsets for 1999 and 2000 have been reclassified as mandatory.
[[Page 400]]
Table S-9. Discretionary Budget Authority by Agency
(Program level, in billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Budget Authority
---------------------------------------------------------------
Agency Estimate
1999 Actual -------------------------------- Change: 2000
2000 2001 to 2001
--------------------------------------------------------------------------------------------------------------------------------------------------------
Legislative Branch...................................................................... 2.6 2.5 2.8 0.3
Judicial Branch......................................................................... 3.4 3.7 4.1 0.5
Agriculture............................................................................. 16.5 16.3 16.7 0.4
Commerce................................................................................ 5.4 8.6 5.4 -3.2
Defense--Military....................................................................... 274.6 280.9 292.2 11.3
Education............................................................................... 33.5 35.6 40.1 4.5
Energy.................................................................................. 18.0 17.3 18.9 1.6
Health and Human Services............................................................... 41.5 46.3 49.7 3.5
Housing and Urban Development........................................................... 26.9 28.5 32.0 3.5
Interior................................................................................ 8.0 8.3 9.1 0.8
Justice................................................................................. 18.5 18.5 19.6 1.1
Labor................................................................................... 11.0 11.2 12.3 1.0
State................................................................................... 8.3 7.9 7.6 -0.3
Transportation.......................................................................... 12.9 12.6 14.0 1.4
Treasury................................................................................ 12.8 12.4 14.0 1.6
Veterans Affairs........................................................................ 19.2 20.9 22.0 1.1
Corps of Engineers...................................................................... 4.1 4.2 4.1 -0.1
Other Defense Civil Programs............................................................ 0.1 0.1 0.1 *
Environmental Protection Agency......................................................... 7.6 7.6 7.3 -0.3
Executive Office of the President....................................................... 0.4 0.3 0.3 *
Federal Emergency Management Agency..................................................... 2.9 3.3 3.6 0.2
General Services Administration......................................................... 0.5 0.1 0.9 0.8
International Assistance Programs....................................................... 12.7 14.0 12.8 -1.2
National Aeronautics and Space Administration........................................... 13.7 13.6 14.0 0.4
National Science Foundation............................................................. 3.7 3.9 4.6 0.7
Office of Personnel Management.......................................................... 0.2 0.2 0.2 *
Small Business Administration........................................................... 0.8 0.9 1.1 0.1
Social Security Administration.......................................................... 2.3 2.4 2.6 0.2
Other Independent Agencies.............................................................. 9.4 9.2 10.4 1.2
Allowances.............................................................................. .............. .............. -0.2 -0.2
Undistributed Offsetting Receipts....................................................... .............. .............. -0.2 -0.2
Designated offsets...................................................................... .............. .............. -7.9 -7.9
---------------------------------------------------------------
Total, net program level................................................................ 571.5 591.5 614.3 22.8
--------------------------------------------------------------------------------------------------------------------------------------------------------
* $50 million or less.
Note: Gross program level adjusts for advance appropriations, rescissions, appropriations for IMF, and mandatory offsets enacted in 1999 and 2000.
Offsets for 1999 and 2000 have been reclassified as mandatory.
[[Page 401]]
Table S-10. Mandatory Proposals by Agency
(In millions of dollars; minus means savings)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Totals
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 ---------------------
2001-2005 2001-2010
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Framework proposals:
Farm safety net programs.................................. 710 4,173 4,278 580 650 714 714 720 725 730 726 10,395 14,010
Medicare:
President's Medicare Reform Plan:
Prescription Drug Benefit, Medicare Buy-in, and other ........ ........ 182 7,331 15,205 17,570 19,798 22,556 25,021 28,158 31,250 40,288 167,071
initiatives..........................................
Medicare Buy-in effect on Social Security............. ........ ........ 64 113 144 153 146 136 124 112 101 474 1,093
Fee-for-service modernization, Competitive Defined ........ -5 -397 -2,332 -4,401 -6,990 -8,077 -9,045 -9,697 -10,152 -11,026 -14,125 -62,122
Benefit, and other savings...........................
Other initiatives, offsets, and interactions............ ........ -456 -1,196 -1,129 -800 -791 -658 -665 -656 -754 -767 -4,372 -7,872
Medicaid/SCHIP:
Family coverage Medicaid/SCHIP initiative............... ........ 800 1,600 2,600 3,800 5,000 8,900 12,000 12,800 13,700 14,800 13,800 76,000
Benefits for legal immigrant children, pregnant women, ........ 63 123 229 332 461 623 808 1,070 1,276 1,482 1,208 6,467
and the disabled.......................................
Other initiatives (accelerating SCHIP/Medicaid children, ........ 377 983 1,063 1,269 1,214 1,400 1,630 1,706 1,912 2,012 4,906 13,566
etc.)..................................................
Other offsets (cost allocation, generic drugs, etc.).... ........ -122 -278 -578 -734 -680 -665 -668 -725 -714 -411 -2,392 -5,575
Total, framework proposals:
On-budget............................................... 710 4,830 5,295 7,764 15,321 16,498 22,035 27,336 30,244 34,156 38,066 49,708 201,545
Off-budget.............................................. ........ ........ 64 113 144 153 146 136 124 112 101 474 1,093
-------------------------------------------------------------------------------------------------------------------------------------
Total, framework proposals........................... 710 4,830 5,359 7,877 15,465 16,651 22,181 27,472 30,368 34,268 38,167 50,182 202,638
Non-framework proposals:
Department of Agriculture
Food Stamps:
Restore Food Stamp benefits for legal immigrants........ ........ 25 95 140 160 145 140 125 120 110 115 565 1,175
State option on vehicle policy.......................... ........ 1 30 120 250 260 270 280 290 300 310 661 2,111
Conforming FS & Medicaid income definition.............. ........ 5 5 5 5 5 5 5 5 5 5 25 50
Child and Adult Care Food Program......................... ........ -3 -15 -21 -26 -31 -39 -47 -55 -62 -72 -96 -371
Payments to states stabilization:
Collections to offset payments.......................... ........ -270 -270 -270 -270 -270 -270 -270 -270 -270 -270 -1,350 -2,700
Payments................................................ ........ 270 270 270 270 270 270 270 270 270 270 1,350 2,700
Healthy Investments in Rural Environments:
Collections to offset payments.......................... ........ -315 -320 -317 -315 -314 -331 -331 -331 -331 -331 -1,581 -3,236
Payments................................................ ........ 315 320 317 315 314 331 331 331 331 331 1,581 3,236
[[Page 402]]
Forest Service proposals:
Fair market value fees for ski resorts and timber....... ........ -8 -28 -47 -56 -62 -62 -62 -62 -62 -62 -201 -511
Make recreation fee permanent........................... ........ ........ -17 -12 -7 -2 ........ 10 10 10 8 -38 .........
Fair market value fees for concessions and land uses.... ........ -6 ........ ........ ........ ........ ........ ........ ........ ......... ......... -6 -6
Road and Trail Fund:
Increased receipts...................................... ........ -25 -25 -25 -25 -25 -25 -25 -25 -25 -25 -125 -250
Increased spending...................................... ........ 25 25 25 25 25 25 25 25 25 25 125 250
Selected program offsets from FS permanent, trust, and owl
payments:
Spending under new proposals............................ ........ 596 570 553 547 545 564 574 574 574 572 2,811 5,669
Reduction of existing program spending.................. ........ -596 -570 -553 -547 -545 -564 -574 -574 -574 -572 -2,811 -5,669
Facilities Acquisition and Enhancement Fund:
Increased receipts...................................... ........ -2 -5 -10 -10 -10 -10 -10 -13 -15 -15 -37 -100
Increased spending...................................... ........ 2 5 10 10 10 10 10 13 15 15 37 100
Land Acquisition Reinvestment Fund:
Increased receipts...................................... ........ -1 -1 -2 -3 -3 -5 -5 -8 -11 -11 -10 -50
Increased spending...................................... ........ 1 1 2 3 3 5 5 8 11 11 10 50
Department of Education
Offsets designated for mandatory:
Reduce default retention to 12% for consolidating loans. ........ ........ -56 -59 -63 -66 -71 -75 -80 -84 -89 -244 -643
Reduce GA retention rate to 18.5%....................... ........ ........ -27 -28 -30 -31 -34 -35 -37 -39 -42 -116 -303
Eliminate tax-exempt lenders' interest special allowance ........ ........ -149 -164 -187 -204 -214 -227 -242 -257 -271 -704 -1,915
Reduce lender subsidy by 11 basis pts for comm. paper ........ ........ -131 -89 -23 ........ ........ ........ ........ ......... ......... -243 -243
rates..................................................
Reduce lender subsidy by 20 basis pts for basis risk ........ ........ -239 -165 -43 ........ ........ ........ ........ ......... ......... -447 -447
transfer...............................................
Accelerate BBA recall from Restricted Account........... ........ ........ 194 ........ ........ ........ ........ ........ ........ ......... ......... 194 194
Accelerate Federal fund reserve recall.................. ........ ........ ........ ........ ........ ........ 83 83 ........ ......... ......... ......... 166
Offsets designated for discretionary:
Reduce default retention to 12% for consolidating loans. ........ -428 ........ ........ ........ ........ ........ ........ ........ ......... ......... -428 -428
Reduce GA retention rate to 18.5%....................... ........ -220 ........ ........ ........ ........ ........ ........ ........ ......... ......... -220 -220
Recall excess federal fund reserves..................... ........ -950 ........ ........ ........ ........ ........ ........ ........ ......... ......... -950 -950
Eliminate tax-exempt lenders' interest special allowance ........ -94 ........ ........ ........ ........ ........ ........ ........ ......... ......... -94 -94
[[Page 403]]
Reduce lender subsidy by 11 basis pts for comm. paper ........ -83 ........ ........ ........ ........ ........ ........ ........ ......... ......... -83 -83
rates..................................................
Reduce lender subsidy by 20 basis pts for basis risk ........ -152 ........ ........ ........ ........ ........ ........ ........ ......... ......... -152 -152
transfer...............................................
Accelerate Federal fund reserve recall.................. ........ -165 ........ ........ ........ ........ ........ ........ ........ ......... ......... -165 -165
Accelerate BBA recall from Restricted Account........... ........ -194 ........ ........ ........ ........ ........ ........ ........ ......... ......... -194 -194
Department of Health and Human Services
Child Care: Establish early learning fund................. ........ 402 588 606 606 600 180 18 ........ ......... ......... 2,802 3,000
Child support:
State option on simplified distribution................. ........ ........ 49 102 124 121 127 132 140 147 154 396 1,096
Federal match on pass-through........................... ........ 5 23 23 23 23 24 26 26 28 28 97 229
Reduce paternity match.................................. ........ -8 -8 -8 -8 -9 -9 -9 -10 -10 -11 -41 -90
Mandatory review and adjustment......................... ........ 29 -7 -44 -63 -66 -69 -71 -73 -76 -76 -151 -516
Expanded enforcement measures........................... ........ -25 -91 -92 -92 -91 -94 -93 -96 -99 -101 -391 -874
Reduction in savings due to offset initiatives.......... ........ 1 8 8 8 8 8 8 8 7 7 33 71
Social Services Block Grant............................... ........ 66 9 ........ ........ ........ ........ ........ ........ ......... ......... 75 75
Tribal Child Welfare Pilot................................ ........ 1 1 1 1 1 ........ ........ ........ ......... ......... 5 5
Medicare+choice payment timing shift...................... ........ ........ 4,491 -4,491 ........ ........ ........ ........ ........ ......... ......... ......... .........
TANF/ Reduce supplemental grants to 1998 levels:
Offsets designated for mandatory........................ ........ ........ -53 -41 -24 ........ ........ ........ ........ ......... ......... -118 -118
Offsets designated for discretionary.................... ........ -122 ........ ........ ........ ........ ........ ........ ........ ......... ......... -122 -122
Department of Housing and Urban Development
Fund Round II Urban Empowerment Zones..................... ........ 3 51 114 138 144 150 150 150 150 147 450 1,197
Department of the Interior
BLM timber payments to States delinkage................... ........ 11 14 17 19 20 22 23 25 26 27 81 204
Make recreation fees permanent............................ ........ ........ -40 7 49 87 87 86 86 85 85 103 532
Hardrock mining production fee on public lands............ ........ ........ -8 -26 -26 -26 -26 -26 -26 -26 -26 -86 -216
Finance land purchases with sales of surplus land:
Surplus land sales receipts............................. ........ -2 -4 -11 -11 -11 -11 -11 -11 -11 -11 -39 -94
Land purchases.......................................... ........ 2 4 11 11 11 11 11 11 11 11 39 94
Filming and photography on public lands:
Filming fee receipts.................................... ........ -3 -3 -4 -4 -5 -5 -5 -5 -5 -5 -18 -43
Increased spending...................................... ........ 3 3 4 4 5 5 5 5 5 5 18 43
[[Page 404]]
Department of Labor
Extend Welfare-to-Work.................................... -100 -450 170 304 76 ........ ........ ........ ........ ......... ......... 100 100
Trade Adjustment Assistance reforms....................... ........ 31 77 110 119 122 49 12 ........ ......... ......... 459 520
Implement alien labor certification fees:
Fee receipts............................................ ........ -138 -122 -122 -122 -122 -122 -122 -122 -122 -122 -626 -1,236
Spending................................................ ........ 36 73 110 122 122 122 122 122 122 122 463 1,073
PBGC: Raise guarantee cap for multi-employer pensions..... ........ 1 1 2 3 3 3 3 3 3 2 10 24
Rescind FY 2000 Welfare-to-Work performance bonus......... ........ -15 -20 -15 ........ ........ ........ ........ ........ ......... ......... -50 -50
Department of Transportation
Shift St. Lawrence Seaway to mandatory.................... ........ 13 13 14 15 15 15 16 16 17 17 70 151
Department of Treasury
Extend customs user fees:
Conveyance/passenger fee................................ ........ ........ ........ ........ -424 -465 -511 -562 -617 -678 -746 -889 -4,003
Merchandise processing fee.............................. ........ ........ ........ ........ -1,036 -1,059 -1,082 -1,106 -1,130 -1,155 -1,181 -2,095 -7,749
Reverse timing shift of rum tax payments to Puerto Rico... 32 -32 ........ ........ ........ ........ ........ ........ ........ ......... ......... -32 -32
Department of Veterans Affairs
Pay full benefits for Filipino veterans residing in the ........ 5 5 5 5 5 4 4 4 4 4 25 45
U.S......................................................
Extend expiring OBRA VA provisions:
Round down to the next lower dollar COLAs for disability ........ ........ ........ -14 -33 -52 -69 -94 -120 -144 -157 -99 -683
compensation and DIC...................................
Verify income of beneficiaries with the IRS............. ........ ........ ........ -6 ........ ........ ........ ........ ........ ......... ......... -6 -6
Retain current loan fees and obtain authority to reduce ........ ........ ........ -168 -167 -176 -184 -190 -195 -194 -199 -511 -1,473
resale losses..........................................
Repeal the delay of the Oct. 2000 benefit payment date:
VA compensation benefits................................ 1,800 -1,800 ........ ........ ........ ........ ........ ........ ........ ......... ......... -1,800 -1,800
Corps of Engineers
Harbor services fees...................................... ........ -966 -963 -960 -996 -1,014 -1,040 -1,067 -1,095 -1,124 -1,153 -4,899 -10,378
Environmental Protection Agency
Fund Superfund orphan shares.............................. ........ 39 84 108 122 129 134 138 143 147 150 482 1,194
Federal Deposit Insurance Corporation
State bank exam fees...................................... ........ -92 -96 -102 -106 -111 -117 -123 -129 -136 -143 -507 -1,155
[[Page 405]]
Federal Emergency Management Agency
Flood Map Modernization:
Fee receipts............................................ ........ -104 -107 -109 -112 -114 -116 -118 -118 -118 -118 -546 -1,134
Spending................................................ ........ 47 95 108 110 112 115 117 118 117 117 472 1,056
Office of Personnel Management
Contract separately for dental benefits:
Paygo savings........................................... ........ -195 -281 -302 -326 -352 -380 -409 -443 -474 -492 -1,456 -3,654
Nonpaygo costs.......................................... ........ 122 177 189 203 218 235 251 271 287 311 909 2,264
Omnibus human resources improvements...................... ........ -7 -10 -14 -18 -22 -27 -32 -37 -43 -49 -71 -259
Government-wide voluntary separation incentives
(nonpaygo):
Increased CSRDF outlays................................. ........ 27 64 49 11 -3 -3 -4 -4 -4 -4 148 129
Increased CSRDF agency contributions.................... ........ -35 -38 -4 ........ ........ ........ ........ ........ ......... ......... -77 -77
Correction of retirement coverage errors:
Increased CSRDF outlays................................. ........ 4 1 1 2 3 3 4 4 5 5 11 32
Reduced CSRDF agency contributions (nonpaygo)........... ........ 69 16 21 24 26 27 30 32 34 37 156 316
Eliminate retirement inequities........................... ........ 1 1 1 1 1 1 1 1 1 1 5 10
Children's coverage under FEHBP:
Paygo costs............................................. ........ 1 1 2 3 3 4 4 5 6 6 10 35
Nonpaygo savings........................................ ........ -1 -2 -3 -4 -5 -7 -8 -9 -10 -11 -15 -60
Social Security Administration
Restore SSI benefits for disabled legal immigrants........ ........ ........ 23 99 208 377 523 651 953 1,122 1,272 707 5,228
OASI and DI, payment for military service credit (off- ........ 271 321 285 289 291 296 300 304 308 308 1,457 2,973
budget)..................................................
Repeal the delay of the Oct. 2000 SSI benefit payment date 2,190 -2,190 ........ ........ ........ ........ ........ ........ ........ ......... ......... -2,190 -2,190
SSI State supplemental timing shift:
Offsets designated for mandatory........................ ........ ........ ........ -10 -13 -7 -7 -13 -10 377 -9 -30 308
Offsets designated for discretionary.................... ........ ........ -311 ........ ........ ........ ........ ........ ........ ......... ......... -311 -311
Native Nations Institute
Fees for services......................................... ........ ........ ........ ........ ........ -1 -1 -1 -1 -1 -1 -1 -6
United Mine Workers of America
Payment to UMWA CBF to maintain current benefits.......... ........ 49 47 46 45 43 42 41 40 40 39 230 432
Other
Indirect impact of other proposals........................ ........ -9 -8 -25 -30 -36 -44 -44 -47 -48 -49 -108 -340
[[Page 406]]
Total, non-framework proposals:
On-budget............................................... 3,922 -7,498 3,579 -4,829 -1,582 -1,534 -1,955 -2,199 -2,186 -1,816 -2,215 -11,864 -22,235
Off-budget.............................................. ........ 271 321 285 289 291 296 300 304 308 308 1,457 2,973
-------------------------------------------------------------------------------------------------------------------------------------
Total, non-framework proposals........................ 3,922 -7,227 3,900 -4,544 -1,293 -1,243 -1,659 -1,899 -1,882 -1,508 -1,907 -10,407 -19,262
Recap., non-framework proposals:
Initiatives............................................. 3,922 -3,478 6,101 -2,315 2,295 2,418 2,099 2,041 2,338 2,528 2,702 5,021 16,729
Offsets................................................. ........ -3,749 -2,201 -2,229 -3,588 -3,661 -3,758 -3,940 -4,220 -4,036 -4,609 -15,428 -35,991
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[[Page 407]]
Table S-11. Receipts by Source--Summary
(In billions of dollars)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Estimate
Source 1999 -----------------------------------------------------------------------------------------------------------------------------------
Actual 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Individual income taxes......................... 879.5 951.6 972.4 995.2 1,025.6 1,066.1 1,116.8 1,172.9 1,234.5 1,298.1 1,359.7 1,425.0
Corporation income taxes........................ 184.7 192.4 194.8 195.4 195.7 200.0 205.9 211.3 221.5 230.2 238.6 249.5
Social insurance and retirement receipts........ 611.8 650.0 682.1 712.2 741.7 771.3 815.3 847.2 886.9 922.9 959.9 1,005.5
(On-budget)................................... (167.4) (173.3) (182.2) (189.9) (197.4) (204.7) (216.7) (224.2) (234.4) (242.5) (251.3) (262.6)
(Off-budget).................................. (444.5) (476.8) (499.9) (522.2) (544.2) (566.7) (598.6) (623.0) (652.5) (680.4) (708.6) (742.9)
Excise taxes.................................... 70.4 68.4 76.7 79.8 80.8 81.8 83.4 84.4 85.9 87.8 89.4 91.6
Estate and gift taxes........................... 27.8 30.5 32.3 34.9 36.3 38.7 37.0 37.6 39.4 42.2 44.7 47.3
Customs duties.................................. 18.3 20.9 20.9 22.6 24.3 25.7 27.9 29.8 31.9 34.1 36.3 38.3
Miscellaneous receipts.......................... 34.9 42.5 39.9 41.2 43.2 52.6 54.5 57.0 58.7 60.7 56.7 59.4
-----------------------------------------------------------------------------------------------------------------------------------------------
Total receipts................................ 1,827.5 1,956.3 2,019.0 2,081.2 2,147.5 2,236.1 2,340.9 2,440.3 2,558.8 2,676.0 2,785.2 2,916.7
(On-budget)................................. (1,383.0) (1,479.5) (1,519.1) (1,559.0) (1,603.2) (1,669.4) (1,742.3) (1,817.3) (1,906.3) (1,995.6) (2,076.7) (2,173.8)
(Off-budget)................................ (444.5) (476.8) (499.9) (522.2) (544.2) (566.7) (598.6) (623.0) (652.5) (680.4) (708.6) (742.9)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
[[Page 408]]
Table S-12. Effect of Proposals on Receipts
(In millions of dollars)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Estimate
------------------------------------------------------------------------------------------------------------------------- Total 2001-
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2010
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Provide tax relief:
Expand educational opportunities:
Provide College Opportunity tax cut.................... ......... -395 -2,009 -2,323 -3,103 -3,262 -3,420 -3,580 -3,772 -3,891 -4,089 -29,844
Provide incentives for public school construction and ......... -36 -174 -419 -739 -1,020 -1,127 -1,127 -1,127 -1,127 -1,127 -8,023
modernization.........................................
Expand exclusion for employer-provided educational -66 -275 -90 ......... ......... ......... ......... ......... ......... ......... ......... -365
assistance to include graduate education..............
Eliminate 60-month limit on student loan interest ......... -23 -80 -87 -89 -93 -103 -105 -109 -112 -113 -914
deduction.............................................
Eliminate tax when forgiving student loans subject to ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ..........
income contingent repayment...........................
Provide tax relief for participants in certain Federal ......... -3 -7 -7 -7 -6 -6 -6 -6 -7 -7 -62
education programs....................................
------------------------------------------------------------------------------------------------------------------------------------
Subtotal, expand educational opportunities........... -66 -732 -2,360 -2,836 -3,938 -4,381 -4,656 -4,818 -5,014 -5,137 -5,336 -39,208
Provide poverty relief and revitalize communities:
Increase and simplify the Earned Income Tax Credit ......... -2,293 -1,936 -1,967 -1,992 -2,001 -2,040 -2,043 -2,067 -2,096 -2,102 -20,537
(EITC) \1\............................................
Increase and index low-income housing tax credit per- ......... -6 -55 -168 -306 -448 -591 -736 -906 -1,114 -1,336 -5,666
capita cap............................................
Provide New Markets Tax Credit......................... ......... -30 -222 -515 -743 -940 -960 -768 -474 -247 -197 -5,096
Extend Empowerment Zone (EZ) tax incentives and ......... -36 -167 -333 -452 -568 -629 -618 -618 -610 -345 -4,376
authorize additional EZs..............................
Provide Better America Bonds to improve the environment ......... -8 -41 -112 -214 -315 -410 -479 -511 -512 -513 -3,115
Permanently extend the expensing of brownfields ......... ......... -98 -152 -146 -140 -133 -125 -116 -104 -93 -1,107
remediation costs.....................................
Expand tax incentives for specialized small business -* -* -* -* -* -* -* -* -* -* -* -*
investment companies (SSBICs).........................
Bridge the Digital Divide.............................. ......... -107 -272 -344 -289 -207 -169 -170 -171 -172 -173 -2,074
------------------------------------------------------------------------------------------------------------------------------------
Subtotal, provide poverty relief and revitalize ......... -2,480 -2,791 -3,591 -4,142 -4,619 -4,932 -4,939 -4,863 -4,855 -4,759 -41,971
communities.........................................
Make health care more affordable:
Assist taxpayers with long-term care needs \2\......... ......... -109 -1,150 -1,681 -2,427 -3,028 -3,344 -3,420 -3,461 -3,448 -3,376 -25,444
Encourage COBRA continuation coverage.................. ......... ......... -41 -858 -1,149 -1,286 -1,323 -1,370 -1,393 -1,412 -1,434 -10,266
[[Page 409]]
Provide tax credit for Medicare buy-in program......... ......... ......... -5 -105 -140 -164 -196 -224 -246 -261 -270 -1,611
Provide tax relief for workers with disabilities \2\... ......... -18 -128 -143 -158 -165 -168 -168 -169 -169 -171 -1,457
Provide tax relief to encourage small business health ......... -1 -9 -22 -35 -38 -35 -35 -40 -46 -52 -313
plans.................................................
Encourage development of vaccines for targeted diseases ......... ......... ......... ......... ......... ......... -25 -175 -176 -264 -360 -1,000
------------------------------------------------------------------------------------------------------------------------------------
Subtotal, make health care more affordable \2\....... ......... -128 -1,333 -2,809 -3,909 -4,681 -5,091 -5,392 -5,485 -5,600 -5,663 -40,091
Strengthen families and improve work incentives:
Provide marriage penalty relief and increase standard ......... -248 -843 -1,536 -2,130 -4,637 -6,822 -6,811 -7,089 -7,217 -7,495 -44,828
deduction.............................................
Increase, expand, and simplify child and dependent care ......... -121 -589 -922 -1,288 -1,643 -2,118 -2,287 -2,498 -2,451 -2,717 -16,634
tax credit \2\........................................
Provide tax incentives for employer-provided child-care ......... -42 -88 -121 -140 -148 -157 -167 -177 -187 -198 -1,425
facilities............................................
------------------------------------------------------------------------------------------------------------------------------------
Subtotal, strengthen families and improve work ......... -411 -1,520 -2,579 -3,558 -6,428 -9,097 -9,265 -9,764 -9,855 -10,410 -62,887
incentives \2\......................................
Promote expanded retirement savings, security, and
portability:
Establish Retirement Savings Accounts.................. ......... ......... -657 -2,185 -2,290 -4,034 -8,097 -8,679 -9,010 -9,309 -9,586 -53,847
Provide small business tax credit for automatic ......... ......... -157 -648 -1,878 -3,074 -3,116 -2,135 -1,294 -1,496 -1,560 -15,358
contributions for non-highly compensated employees....
Provide tax credit for plan start up and administrative -1 -18 -35 -61 -92 -135 -164 -180 -192 -198 -203 -1,278
expenses; provide for payroll deduction IRAs..........
Provide for the SMART plan............................. ......... -44 -65 -66 -68 -70 -55 -49 -50 -51 -53 -571
Enhance the 401(k) SIMPLE plan......................... ......... -25 -61 -108 -161 -236 -264 -266 -266 -264 -261 -1,912
Accelerate vesting for qualified plans................. ......... 214 137 104 66 29 -10 -48 -88 -127 -167 110
Other changes affecting retirement savings, security ......... -53 -207 -288 -377 -450 -519 -566 -604 -649 -687 -4,400
and portability.......................................
------------------------------------------------------------------------------------------------------------------------------------
Subtotal, promote expanded retirement savings, -1 74 -1,045 -3,252 -4,800 -7,970 -12,225 -11,923 -11,504 -12,094 -12,517 -77,256
security and portability............................
[[Page 410]]
Provide AMT relief for families and simplify the tax
laws:
Provide adjustments for personal exemptions and the -72 -377 -544 -996 -1,312 -1,650 -2,096 -2,524 -3,942 -8,200 -11,124 -32,765
standard deduction in the individual alternative
minimum tax (AMT).....................................
Simplify and increase standard deduction for dependent -7 -42 -29 -33 -51 -37 -38 -37 -39 -44 -46 -396
filers................................................
Replace support test with residency test (limited to ......... -66 -97 -102 -107 -112 -116 -122 -128 -134 -141 -1,125
children).............................................
Provide tax credit to encourage electronic filing of ......... ......... -192 -207 -208 -209 -213 -218 ......... ......... ......... -1,247
individual income tax returns \2\.....................
Simplify, retarget and expand expensing for small ......... -217 -206 -19 -86 -135 -178 -222 -259 -292 -410 -2,024
business..............................................
Simplify the foreign tax credit limitation for -80 -168 -102 -46 10 27 28 22 18 15 12 -184
dividends from 10/50 companies........................
Other simplification................................... -1 -17 -23 -27 -30 -35 -41 -52 -66 -90 -126 -507
------------------------------------------------------------------------------------------------------------------------------------
Subtotal, provide AMT relief for families and -160 -887 -1,193 -1,430 -1,784 -2,151 -2,654 -3,153 -4,416 -8,745 -11,835 -38,248
simplify the tax laws \2\...........................
Encourage philanthropy:
Allow deduction for charitable contributions by non- ......... -516 -1,062 -733 -765 -817 -1,245 -1,847 -1,928 -2,007 -2,082 -13,002
itemizing taxpayers...................................
Simplify and reduce the excise tax on foundation ......... -49 -70 -71 -73 -75 -78 -81 -84 -87 -90 -758
investment income.....................................
Increase limit on charitable donations of appreciated ......... -7 -47 -29 -20 -12 -8 -8 -9 -9 -10 -159
property..............................................
Clarify public charity status of donor advised funds... * * * * * * * * * * * *
------------------------------------------------------------------------------------------------------------------------------------
Subtotal, encourage philanthropy..................... ......... -572 -1,179 -833 -858 -904 -1,331 -1,936 -2,021 -2,103 -2,182 -13,919
Promote energy efficiency and improve the environment:
Provide tax credit for energy-efficient building ......... -18 -35 -49 -71 -28 -3 1 1 1 ......... -201
equipment.............................................
Provide tax credit for new energy-efficient homes...... ......... -82 -150 -194 -134 -73 -28 ......... ......... ......... ......... -661
Extend electric vehicle tax credit and provide tax ......... ......... -4 -182 -700 -1,192 -1,930 -1,863 -125 12 49 -5,935
credit for hybrid vehicles............................
Provide 15-year depreciable life for distributed power ......... -1 -1 -2 -3 -3 -4 -5 -5 -6 -7 -37
property..............................................
Extend and modify the tax credit for producing ......... -91 -173 -220 -231 -261 -245 -218 -225 -230 -237 -2,131
electricity from certain sources......................
[[Page 411]]
Provide tax credit for solar energy systems............ ......... -9 -19 -25 -34 -45 -78 -116 -51 ......... ......... -377
------------------------------------------------------------------------------------------------------------------------------------
Subtotal, promote energy efficiency and improve the ......... -201 -382 -672 -1,173 -1,602 -2,288 -2,201 -405 -223 -195 -9,342
environment.........................................
Electricity restructuring................................ ......... 3 11 20 30 41 51 61 72 84 95 468
Modify international trade provisions:
Extend and modify Puerto Rico economic-activity tax ......... -35 -67 -101 -134 -166 -974 -1,544 -1,620 -937 ......... -5,578
credit................................................
Extend GSP and modify other trade provisions \3\....... -10 -454 -858 -940 -884 -248 -132 -140 -147 -155 -162 -4,120
Levy tariff on certain textiles/apparel produced in the ......... ......... 169 169 169 169 169 169 169 169 169 1,521
CNMI \3\..............................................
------------------------------------------------------------------------------------------------------------------------------------
Subtotal, modify international trade provisions \3\.. -10 -489 -756 -872 -849 -245 -937 -1,515 -1,598 -923 7 -8,177
Miscellaneous provisions:
Make first $2,000 of severence pay exempt from income ......... -43 -174 -180 -138 ......... ......... ......... ......... ......... ......... -535
tax...................................................
Exempt Holocaust reparations from Federal income tax... -4 -17 -18 -19 -15 ......... ......... ......... ......... ......... ......... -69
------------------------------------------------------------------------------------------------------------------------------------
Subtotal, miscellaneous provisions................... -4 -60 -192 -199 -153 ......... ......... ......... ......... ......... ......... -604
------------------------------------------------------------------------------------------------------------------------------------
Subtotal, provide tax relief \2\ \3\................. -241 -5,883 -12,740 -19,053 -25,134 -32,940 -43,160 -45,081 -44,998 -49,451 -52,795 -331,235
Refundable credits................................. ......... -23 -679 -736 -2,218 -2,343 -2,857 -2,935 -2,676 -2,786 -2,874 -20,127
------------------------------------------------------------------------------------------------------------------------------------
Total gross tax relief including refundable credits -241 -5,906 -13,419 -19,789 -27,352 -35,283 -46,017 -48,016 -47,674 -52,237 -55,669 -351,362
\3\.................................................
Eliminate unwarranted benefits and adopt other revenue
measures:
Limit benefits of corporate tax shelter transactions:
Increase disclosure of certain transactions, modify ......... 1,872 1,392 1,357 1,351 1,374 1,402 1,425 1,437 1,443 1,444 14,497
substantial understatement penalty for corporate tax
shelters, codify the economic substance doctrine, tax
income from shelters involving tax-indifferent
parties, and impose a penalty excise tax on certain
fees received by promotors and advisors...............
Require accrual of income on forward sale of corporate 1 5 10 15 21 26 32 37 40 42 44 272
stock.................................................
[[Page 412]]
Modify treatment of ESOP as S corporation shareholder.. ......... 15 47 67 88 104 111 117 123 128 133 933
Limit dividend treatment for payments on certain self- ......... 22 37 39 40 42 44 45 47 49 51 416
amortizing stock......................................
Prevent serial liquidation of U.S. subsidiaries of 12 20 19 19 19 18 18 17 18 18 18 184
foreign corporations..................................
Prevent capital gains avoidance through basis shift 71 328 121 65 45 26 17 16 14 9 3 644
transactions involving foreign shareholders...........
Prevent mismatching of deductions and income in ......... 62 108 112 117 122 127 132 137 142 147 1,206
transactions with related foreign persons.............
Prevent duplication or acceleration of loss through 4 34 36 37 38 40 41 43 44 46 48 407
assumption of certain liabilities.....................
Amend 80/20 company rules.............................. ......... 21 46 53 54 56 57 58 60 61 63 529
Modify corporate-owned life insurance (COLI) rules..... ......... 176 340 417 489 548 593 631 664 695 726 5,279
Require lessors of tax-exempt-use property to include ......... 6 11 17 24 30 38 45 53 62 71 357
service contract options in lease term................
Interaction............................................ -42 -239 -175 -157 -157 -160 -167 -176 -188 -198 -205 -1,822
------------------------------------------------------------------------------------------------------------------------------------
Subtotal, limit benefits of corporate tax shelter 46 2,322 1,992 2,041 2,129 2,226 2,313 2,390 2,449 2,497 2,543 22,902
transactions........................................
Other proposals:
Require banks to accrue interest on short-term 6 63 21 4 5 5 5 5 6 6 6 126
obligations...........................................
Require current accrual of market discount by accrual 1 7 13 19 25 31 38 45 52 60 68 358
method taxpayers......................................
Modify and clarify certain rules relating to debt-for- 9 73 74 71 70 70 69 69 69 68 68 701
debt exchanges........................................
Modify and clarify the straddle rules.................. 14 30 34 33 34 35 35 36 38 40 41 356
Provide generalized rules for all stripping 7 18 22 21 19 18 17 15 14 12 10 166
transactions..........................................
Require ordinary treatment for certain dealers of 16 29 31 31 31 31 32 32 33 34 36 320
commodities and equity options........................
Prohibit tax deferral on contributions of appreciated ......... 2 5 8 10 11 12 13 14 16 17 108
property to swap funds................................
Conform control test for tax-free incorporations, 13 34 41 39 38 39 39 39 39 39 39 386
distributions, and reorganizations....................
[[Page 413]]
Treat receipt of tracking stock in certain 28 108 158 153 149 151 155 158 159 160 161 1,512
distributions and exchanges as the receipt of property
Require consistent treatment and provide basis 1 41 51 53 55 57 61 64 66 69 72 589
allocation rules for transfers of intangibles in
certain nonrecognition transactions...................
Modify tax treatment of certain reorganizations 17 49 66 71 77 83 90 96 103 110 117 862
involving portfolio stock.............................
Modify definition of nonqualified preferred stock...... 11 53 61 64 67 54 27 17 18 19 20 400
Modify estimated tax provision for deemed asset sales.. ......... 314 90 -23 -15 -8 -3 1 4 7 9 376
Modify treatment of transfers to creditors in divisive 3 15 18 19 20 21 22 23 24 25 26 213
reorganizations.......................................
Provide mandatory basis adjustments for partners that -41 50 52 55 60 58 57 55 53 50 48 538
have a significant net built-in loss in partnership
property..............................................
Modify treatment of closely held REITs................. ......... 1 4 8 12 17 24 32 41 53 68 260
Apply RIC excise tax to undistributed profits of REITs. ......... ......... 1 1 1 1 1 1 1 1 1 9
Allow RICs a dividends paid deduction for redemptions ......... 99 489 457 429 405 384 368 356 349 346 3,682
only in cases where the redemption represents a
contraction in the RIC................................
Require REMICs to be secondarily liable for the tax ......... 5 17 29 42 55 69 83 98 114 130 642
liability of REMIC residual interest holders..........
Deny change in method treatment to tax-free formations. 3 59 59 59 61 63 66 69 72 75 78 661
Deny deduction for punitive damages.................... 16 92 130 137 144 151 158 166 175 183 193 1,529
Repeal lower-of-cost-or-market inventory accounting ......... 459 447 371 372 154 57 59 61 62 64 2,106
method................................................
Disallow interest on debt allocable to tax-exempt 4 11 18 24 30 35 39 43 46 47 48 341
obligations...........................................
Require capitalization of mutual fund commissions...... ......... 23 111 98 83 64 43 24 26 29 32 533
Provide consistent amortization periods for intangibles ......... -216 -220 34 259 445 464 387 308 222 132 1,815
Clarify recovery period of utility grading costs....... 12 40 65 82 91 99 108 112 108 101 93 899
[[Page 414]]
Apply rules generally applicable to acquisitions of 2 43 73 113 141 139 124 106 88 68 46 941
tangible assets to acquisitions of professional sports
franchises............................................
Require recapture of policyholder surplus accounts..... ......... 65 174 285 522 782 374 23 ......... -9 -13 2,203
Modify rules for capitalizing policy acquisition costs ......... 536 1,820 2,191 2,413 1,328 606 675 722 755 773 11,819
of life insurance companies...........................
Increase the proration percentage for P&C insurance ......... 48 82 98 115 133 150 169 188 210 232 1,425
companies.............................................
Modify rules that apply to sales of life insurance ......... 13 35 39 43 48 55 63 72 80 89 537
contracts.............................................
Modify rules that apply to tax-exempt property casualty ......... 12 22 23 24 25 26 26 27 28 28 241
insurance companies...................................
Subject investment income of trade associations to tax. ......... 180 309 325 341 358 376 395 414 435 457 3,590
Impose penalty for failure to file an annual ......... ......... 24 23 22 21 19 17 15 13 10 164
information return....................................
Restore phaseout of unified credit for large estates... ......... 33 70 78 83 106 125 139 148 157 166 1,105
Require consistent valuation for estate and income tax 1 5 10 14 18 21 23 26 29 32 35 213
purposes..............................................
Require basis allocation for part sale, part gift ......... 2 3 4 5 5 6 6 7 8 9 55
transactions..........................................
Conform treatment of surviving spouses in community 3 19 42 59 75 92 110 130 151 174 199 1,051
property States.......................................
Include QTIP trust assets in surviving spouse's estate. ......... ......... 2 2 2 2 2 2 2 2 2 18
Eliminate non-business valuation discounts............. ......... 271 575 600 636 618 621 644 683 725 767 6,140
Eliminate gift tax exemption for personal residence ......... -1 -1 ......... 5 14 30 51 75 102 133 408
trusts................................................
Modify requirements for annual exclusion for gifts..... ......... ......... 20 20 22 20 21 23 26 27 29 208
Increase elective withholding rate for nonperiodic ......... ......... 47 3 3 3 4 4 4 4 4 76
distributions from deferred compensation plans........
Increase excise tax for excess IRA contributions....... ......... 1 12 13 14 14 15 16 17 17 18 137
Limit pre-funding of welfare benefits for 10 or more ......... 92 156 159 151 150 148 145 132 121 105 1,359
employer plans........................................
Subject signing bonuses to employment taxes............ ......... 5 3 3 3 2 2 2 2 3 3 28
[[Page 415]]
Clarify employment tax treatment of choreworkers....... ......... 48 64 64 63 63 62 62 61 61 61 609
Prohibit IRAs from investing in foreign sales 3 16 29 30 32 33 35 37 39 41 43 335
corporations..........................................
Tighten the substantial understatement penalty for ......... 26 44 45 41 37 27 28 29 30 31 338
large corporations....................................
Require withholding on certain gambling winnings....... ......... 20 1 1 1 1 1 1 1 1 1 29
Require information reporting for private separate ......... 5 10 14 18 21 24 28 31 35 39 225
accounts..............................................
Increase penalties for failure to file correct ......... 6 15 15 9 10 10 10 10 10 11 106
information returns...................................
Modify deposit requirement for FUTA.................... ......... ......... ......... ......... ......... 1,583 79 72 12 53 63 1,862
Reinstate Oil Spill Liability Trust Fund tax \3\....... ......... ......... 253 261 264 266 269 272 274 277 278 2,414
Repeal percentage depletion for non-fuel minerals mined ......... 94 96 97 99 101 103 105 107 109 111 1,022
on Federal and formerly Federal lands.................
Impose excise tax on purchase of structured settlements 6 7 5 2 ......... -2 -3 -3 -3 -4 -5 -6
Require taxpayers to include rental income of residence ......... 4 11 12 12 13 14 14 15 16 17 128
in income without regard to the period of rental......
Eliminate installment payment of heavy vehicle use tax ......... ......... 378 27 30 32 35 34 37 39 42 654
\3\...................................................
Require recognition of gain on sale of principal ......... 10 13 11 11 11 11 11 12 12 12 114
residence if acquired in a tax-free exchange within
five years of the sale................................
Limit benefits of transactions with ``Identified Tax ......... 36 52 40 36 35 35 33 32 29 27 355
Havens''..............................................
Modify treatment of built-in losses and other 1 78 136 143 151 161 170 179 189 198 209 1,614
attributes trafficking................................
Simplify taxation of property that no longer produces * * * * * * * * * * * *
income effectively connected with a U.S. trade or
business..............................................
Prevent avoidance of tax on U.S.-accrued gains 3 28 58 107 155 212 281 367 469 579 694 2,950
(expatriation)........................................
Expand ECI rules to include certain foreign source ......... 22 38 39 41 42 44 45 47 48 50 416
income................................................
Limit basis step-up for imported pensions.............. 2 26 33 34 36 38 40 42 44 46 48 387
Replace sales-source rules............................. ......... 320 570 600 630 660 690 725 800 840 880 6,715
Modify rules relating to foreign oil and gas extraction ......... 5 69 112 118 124 130 136 143 150 158 1,145
income................................................
[[Page 416]]
Recapture overall foreign losses when CFC stock is 1 1 * * * * * * * * * 1
disposed..............................................
Modify foreign office material participation exception 1 7 10 11 11 11 12 12 13 13 14 114
applicable to inventory sales attributable to
nonresident's U.S. office.............................
------------------------------------------------------------------------------------------------------------------------------------
Subtotal, other proposals \3\........................ 143 3,542 7,221 7,635 8,565 9,478 6,975 6,884 7,148 7,486 7,799 72,733
------------------------------------------------------------------------------------------------------------------------------------
Subtotal, eliminate unwarranted benefits and adopt 189 5,864 9,213 9,676 10,694 11,704 9,288 9,274 9,597 9,983 10,342 95,635
other revenue measures \3\............................
Net tax relief including refundable credits \3\........ -52 -42 -4,206 -10,113 -16,658 -23,579 -36,729 -38,742 -38,077 -42,254 -45,327 -255,727
Other provisions that affect receipts:
Reinstate environmental tax on corporate taxable income ......... 725 432 438 434 437 470 494 496 495 508 4,929
\4\.....................................................
Reinstate Superfund excise taxes \3\..................... 152 707 762 772 785 797 810 824 838 850 864 8,009
Convert Airport and Airway Trust Fund taxes to a cost- ......... 724 1,399 1,500 1,522 1,522 1,170 797 385 ......... ......... 9,019
based user fee system \3\...............................
Increase excise tax on tobacco products and levy a youth 446 4,084 3,738 3,532 10,140 9,700 9,789 9,410 9,233 3,138 3,103 65,867
smoking assessment on tobacco manufacturers \3\.........
Recover State bank supervision and regulation expenses ......... 78 82 86 90 95 99 104 109 113 119 975
(receipt effect) \3\....................................
Maintain Federal Reserve surplus transfer to the Treasury ......... 3,752 ......... ......... ......... ......... ......... ......... ......... ......... ......... 3,752
Restore premiums for United Mine Workers of America ......... 11 10 10 9 9 8 8 7 7 7 86
Combined Benefit Fund...................................
Extend abandoned mine reclamation fees \3\............... ......... ......... ......... ......... ......... 218 220 221 222 223 224 1,328
Replace Harbor Maintenance tax with the Harbor Services ......... -549 -602 -647 -681 -718 -767 -823 -880 -934 -988 -7,589
User Fee (receipt effect) \3\...........................
Revise Army Corps of Engineers regulatory program fees ......... 5 5 5 5 5 5 5 5 5 5 50
\3\.....................................................
Roll back Federal employee retirement contributions...... ......... -427 -619 -160 ......... ......... ......... ......... ......... ......... ......... -1,206
Provide Government-wide buyout authority (receipt effect) ......... -9 -18 -9 ......... ......... ......... ......... ......... ......... ......... -36
------------------------------------------------------------------------------------------------------------------------------------
Total, other provisions \3\ \4\........................ 598 9,101 5,189 5,527 12,304 12,065 11,804 11,040 10,415 3,897 3,842 85,184
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
* $500,000 or less.
[[Page 417]]
\1\ The proposal to increase and simplify the Earned Income Tax Credit has both receipts and outlay effects. The receipts effect for the proposal is -$305 million, -$304 million, -$314
million, -$326 million, -$339 million, -$328 million, -$339 million, -$354 million, -$365 million, and -$373 million for fiscal years 2001-2010, respectively. The outlay effect is $2,003
million, $1,936 million, $1,967 million, $1,992 million, $2,001 million, $2,040 million, $2,043 million, $2,067 million, $2,096 million, and $2,102 million for fiscal years 2001-2010,
respectively.
\2\ Amounts shown are the effect on receipts.
\3\ Net of income offsets.
\4\ Net of deductibility for income tax purposes.
[[Page 418]]
Table S-13. Federal Employment in the Executive Branch
(Civilian employment as measured by Full-Time Equivalents, in thousands)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Actual Estimate Change: 1993 base
1993 ------------------------------------------------------------------------------------------ to 2001
Agency Base -------------------
1993 1994 1995 1996 1997 1998 1999 2000 2001 FTE's Percent
--------------------------------------------------------------------------------------------------------------------------------------------------------
Cabinet agencies:
Agriculture \1\............... 115.6 114.4 109.8 103.8 100.7 98.5 96.4 95.5 98.2 100.5 -15.1 -13.1%
Commerce...................... 36.7 36.1 36.0 35.3 33.8 32.6 35.7 47.3 133.8 42.6 5.9 16.0%
Defense-military functions.... 931.3 931.8 868.3 821.7 778.9 745.8 707.2 681.0 661.5 645.5 -285.9 -30.7%
Education..................... 5.0 4.9 4.8 4.8 4.7 4.5 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 15.9 16.2 16.1 -4.5 -21.7%
Health and Human Services \1\. 65.0 66.1 62.9 59.3 57.2 57.6 57.9 58.9 61.7 63.2 -1.8 -2.8%
Social Security Administration 65.4 64.8 64.5 64.6 64.0 65.2 64.0 63.0 63.3 63.1 -2.3 -3.5%
Housing and Urban Development. 13.6 13.3 13.1 12.1 11.4 11.0 9.8 10.0 10.4 10.6 -3.0 -22.3%
Interior...................... 79.3 78.1 76.3 72.0 66.7 65.7 66.5 67.0 68.1 69.5 -9.8 -12.4%
Justice....................... 99.4 95.4 95.3 97.9 103.8 111.0 117.3 121.3 127.9 131.5 32.1 32.3%
Labor......................... 18.3 18.0 17.5 16.8 16.0 15.9 16.3 16.3 17.1 17.4 -0.9 -4.8%
State \2\..................... 35.0 34.2 33.5 31.8 30.2 29.2 28.9 29.4 30.0 30.2 -4.8 -13.8%
Transportation................ 70.3 69.1 66.4 63.2 62.4 62.5 63.4 63.7 64.1 65.1 -5.2 -7.4%
Treasury...................... 166.1 161.1 157.3 157.5 151.1 145.5 142.1 143.7 145.5 149.6 -16.5 -10.0%
Veterans Affairs \1\.......... 232.4 234.2 233.1 228.5 221.9 211.5 207.1 205.5 204.1 203.4 -29.1 -12.5%
Other agencies--excluding Postal
Service:
Agency for International 4.4 4.1 3.9 3.6 3.4 2.8 2.7 2.5 2.5 2.5 -1.9 -43.8%
Development \1\..............
Corps of Engineers............ 29.2 28.4 27.9 27.7 27.1 26.0 24.8 24.7 24.7 24.7 -4.5 -15.4%
Environmental Protection 18.6 17.9 17.6 17.5 17.2 17.0 17.7 18.1 18.1 18.0 -0.5 -2.8%
Agency.......................
EEOC.......................... 2.9 2.8 2.8 2.8 2.7 2.6 2.5 2.6 2.8 3.1 0.2 7.0%
FEMA.......................... 2.7 4.0 4.9 4.6 4.7 5.1 4.6 5.2 4.8 4.9 2.2 79.6%
FDIC/RTC...................... 21.6 21.9 20.0 15.7 11.8 8.7 7.9 7.4 7.5 6.8 -14.8 -68.5%
General Services 20.6 20.2 19.5 17.0 15.7 14.5 14.1 14.1 14.2 14.2 -6.4 -31.1%
Administration...............
NASA.......................... 25.7 24.9 23.9 22.4 21.1 20.1 19.1 18.5 18.6 19.0 -6.8 -26.4%
National Archives and Records 2.8 2.6 2.6 2.4 2.5 2.5 2.4 2.4 2.6 2.7 -.1 -1.3%
Admin........................
National Labor Relations Board 2.1 2.1 2.1 2.0 1.9 1.9 1.9 1.8 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 1.2 -0.1 -10.3%
Nuclear Regulatory Commission. 3.4 3.4 3.3 3.2 3.1 3.0 3.0 2.8 2.8 2.8 -0.6 -17.2%
Office of Personnel Management 6.2 5.9 5.3 4.2 3.4 2.8 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 9.2 2.4 -0.1 -8.7 -99.8%
Peace Corps................... 1.3 1.2 1.2 1.2 1.1 1.1 1.1 1.1 1.2 1.2 -0.1 -7.1%
Railroad Retirement Board..... 1.8 1.8 1.7 1.6 1.5 1.4 1.3 1.3 1.2 1.2 -0.7 -36.8%
Securities and Exchange 2.7 2.7 2.7 2.7 2.8 2.8 2.8 2.8 3.0 3.0 0.3 10.7%
Commission...................
Small Business Administration. 4.0 5.6 6.3 5.7 4.7 4.5 4.4 4.7 4.6 4.6 0.6 14.9%
Smithsonian Institution....... 5.9 5.5 5.4 5.3 5.1 5.0 5.0 5.1 5.2 5.3 -0.6 -10.2%
Tennessee Valley Authority.... 19.1 17.3 18.6 16.6 16.0 14.9 14.4 13.5 13.3 13.2 -5.9 -31.0%
All other small agencies...... 15.9 15.2 14.7 14.9 13.9 13.6 13.6 13.9 14.5 16.1 0.2 1.2%
-----------------------------------------------------------------------------------------------------------------------
Total, Executive Branch civilian 2,155.2 2,138.8 2,052.7 1,970.2 1,891.7 1,834.7 1,790.2 1,778.4 1,856.9 1,762.4 -392.8 -18.2%
employment.....................
Reduction from 1993 Base...... ........ -16.4 -102.5 -185.0 -263.5 -320.5 -365.0 -376.8 -298.3 -392.8 ........ ........
[[Page 419]]
Subtotal, Defense............... 931.3 931.8 868.3 821.7 778.9 745.8 707.2 681.0 661.5 645.5 -285.9 -30.7%
Subtotal, Non-Defense........... 1,223.9 1,207.1 1,184.4 1,148.4 1,112.8 1,088.9 1,083.0 1,097.4 1,195.4 1,116.9 -107.0 -8.7%
--------------------------------------------------------------------------------------------------------------------------------------------------------
Status of Federal Civilian
Employment Relative to the
Federal Workforce Restructuring
Act \3\
Total, Executive Branch NA NA 2,052.7 1,970.2 1,891.7 1,834.7 1,790.2 1,778.4 NA NA ........ ........
Employment...................
Less: FTEs exempt from FWRA... NA NA 5.7 5.7 7.6 7.4 5.2 5.2 NA NA ........ ........
Total, Executive Branch NA NA 2,047.0 1,964.4 1,884.1 1,827.3 1,785.0 1,773.2 NA NA ........ ........
subject to FWRA Ceiling......
FWRA Ceiling.................. NA NA 2,084.6 2,043.3 2,003.3 1,963.3 1,922.3 1,882.3 NA NA ........ ........
Executive Branch Employment NA NA -37.6 -78.9 -119.2 -136.1 -137.3 -109.1 NA NA ........ ........
Relative to FWRA Ceiling.....
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ The Departments of Agriculture, Health and Human Services, Veterans Affairs, and the Agency for International Development have components that were
exempt from FTE controls. In 1999, Agriculture had 2,025 exemptions; HHS had 187 exemptions; Veterans Affairs had 3,010 exemptions and AID had 10
exemptions.
\2\ To facilitate historical comparison, the State Department includes the Board of Broadcasting Governors (BBG), the United States Information Agency
(which was absorbed into State and BBG), and the Arms Control and Disarmament Agency (which was absorbed into State).
\3\ FTE limitations are set for the Executive Branch in the Federal Workforce Restructuring Act of 1994 (P.L. 103-226) from 1994-99.
[[Page 420]]
Table S-14. Federal Government Financing and Debt \1\
(In billions of dollars)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Estimate
1999 -----------------------------------------------------------------------------------------------------------------------------
Actual 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Financing:
Surplus or deficit (-)................................. 124 167 184 186 185 195 215 256 292 314 329 363 403 443 479
(Social Security solvency lock-box: Off-budget)...... 124 148 160 172 184 195 214 224 239 250 260 272 280 295 309
(Social Security interest savings transfer).......... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... 100 118 138
(Medicare solvency debt reduction reserve)........... ....... ....... 15 13 ....... ....... ....... 30 52 64 69 91 22 30 32
(On-budget).......................................... 1 19 9 1 * * 2 1 1 * * * * * *
Means of financing other than borrowing from the public:
Changes in: \2\
Treasury operating cash balance.................... -18 16 ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... .......
Checks outstanding, deposit funds, etc. \3\........ -6 1 2 ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... .......
Seigniorage on coins................................. 1 1 2 2 2 2 2 2 2 2 2 2 2 2 2
Less Social Security equity purchases................ ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... -52 -66 -83
Less: Net financing disbursements:
Direct loan financing accounts.................... -19 -29 -18 -18 -17 -16 -16 -16 -16 -15 -15 -15 -16 -16 -16
Guaranteed loan financing accounts................ 5 * 1 1 1 2 2 2 2 2 2 2 3 3 3
--------------------------------------------------------------------------------------------------------------------------------------
Total, means of financing other than borrowing -36 -9 -13 -15 -14 -12 -12 -12 -12 -12 -11 -11 -63 -78 -95
from the public.................................
--------------------------------------------------------------------------------------------------------------------------------------
Total, repayment of publicly held debt......... 89 157 171 171 170 183 203 243 280 302 318 352 340 365 384
Change in debt held by the public \4\.................. -89 -157 -171 -171 -170 -183 -203 -243 -280 -302 -318 -352 -340 -365 -384
Debt Subject to Statutory Limitation, End of Year:
Debt issued by Treasury................................ 5,578 5,658 5,742 5,828 5,921 6,009 6,096 6,185 6,268 6,347 6,424 6,502 6,595 6,693 6,794
Adjustment for Treasury debt not subject to limitation -15 -15 -15 -15 -15 -15 -15 -15 -15 -15 -15 -15 -15 -15 -15
and agency debt subject to limitation \5\.............
Adjustment for discount and premium \6\................ 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6
--------------------------------------------------------------------------------------------------------------------------------------
Total, debt subject to statutory limitation \7\..... 5,568 5,648 5,732 5,819 5,912 5,999 6,086 6,175 6,258 6,337 6,414 6,492 6,585 6,683 6,785
Debt Outstanding, End of Year:
Gross Federal debt:
Debt issued by Treasury.............................. 5,578 5,658 5,742 5,828 5,921 6,009 6,096 6,185 6,268 6,347 6,424 6,502 6,595 6,693 6,794
Debt issued by other agencies........................ 29 28 27 27 25 24 23 22 20 20 20 20 20 20 20
--------------------------------------------------------------------------------------------------------------------------------------
Total, gross Federal debt.......................... 5,606 5,686 5,769 5,855 5,947 6,034 6,118 6,206 6,288 6,367 6,444 6,522 6,615 6,713 6,815
Held by:
Debt securities held as assets by Government accounts 1,973 2,210 2,464 2,721 2,984 3,253 3,541 3,872 4,234 4,615 5,010 5,440 5,873 6,335 6,821
Social Security.................................... 855 1,004 1,164 1,338 1,522 1,717 1,930 2,154 2,392 2,641 2,899 3,170 3,498 3,843 4,206
Federal employee retirement........................ 643 681 717 754 789 824 858 891 922 952 980 1,006 1,034 1,063 1,093
Other.............................................. 475 525 582 630 672 712 752 828 920 1,023 1,131 1,263 1,341 1,429 1,523
Debt securities held as assets by the public \8\..... 3,633 3,476 3,305 3,134 2,963 2,781 2,578 2,334 2,054 1,752 1,434 1,082 742 377 ** \9\
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
* $500 million or less.
[[Page 421]]
\1\ Almost all Treasury securities held by the public and zero-coupon bonds held by Government accounts are measured at sales price plus amortized discount or less amortized premium. Almost
all agency debt is measured at face value. Treasury securities in the Government account series are measured at face value less unrealized discount (if any).
\2\ A decrease in the Treasury operating cash balance (which is an asset) would be a means of financing a deficit and therefore would have a positive sign. An increase in checks outstanding or
deposit fund balances (which are liabilities) would also be a means of financing a deficit and therefore would also have a positive sign.
\3\ Besides checks outstanding and deposit funds, includes accrued interest payable on Treasury debt, miscellaneous liability accounts, allocations of special drawing rights, and, as offsets,
cash and monetary assets other than the Treasury operating cash balance, miscellaneous asset accounts, and profit on sale of gold.
\4\ Includes a $355 million reclassification of debt in 2000. Indian tribal funds that are owned by the Indian tribes and held and managed in a fiduciary capacity by the Government on the
tribes' behalf were reclassified from trust funds to deposit funds as of October 1, 1999, and their holdings of Treasury securities were accordingly reclassified from debt held by Government
accounts to debt held by the public.
\5\ Consists primarily of Federal Financing Bank debt.
\6\ 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.
\7\ The statutory debt limit is $5,950 billion.
\8\ At the end of 1999, the Federal Reserve Banks held $489 billion of Federal securities and the rest of the public held $3,144 billion. Debt held by the Federal Reserve Banks is not
estimated for future years.
\9\ Total debt will be fully redeemed in 2013. Policy decisions will be required on use of the surplus once debt has been redeemed.
[[Page 422]]
Table S-15. Comparison of Economic Assumptions
(Calendar years)
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Projections
-------------------------------------------------------------------------------------------------------------
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
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Real GDP (chain-weighted): \1\
2000 Mid-Session Review \2\............ 2.2 2.2 2.4 2.7 2.6 2.7 2.7 2.6 2.6 2.5 NA
CBO January............................ 2.9 3.0 2.7 2.6 2.6 2.7 2.7 2.7 2.8 2.9 2.9
2001 Budget............................ 2.9 2.6 2.5 2.5 3.0 3.0 2.9 2.8 2.6 2.6 2.6
Chain-weighted GDP price index: \1\
2000 Mid-Session Review................ 2.0 2.1 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 NA
CBO January............................ 1.7 1.6 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7
2001 Budget............................ 1.9 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0
Consumer Price Index (all-urban): \1\
2000 Mid-Session Review................ 2.4 2.4 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 NA
CBO January............................ 2.3 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5
2001 Budget............................ 2.3 2.5 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6
Unemployment rate: \3\
2000 Mid-Session Review................ 4.5 4.9 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 NA
CBO January............................ 4.1 4.2 4.4 4.7 4.8 5.0 5.0 5.1 5.2 5.2 5.2
2001 Budget............................ 4.2 4.5 5.0 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2
Interest rates: \3\
91-day Treasury bills:
2000 Mid-Session Review.............. 4.5 4.5 4.5 4.6 4.6 4.6 4.6 4.6 4.6 4.6 NA
CBO January.......................... 5.4 5.6 5.3 4.9 4.8 4.8 4.8 4.8 4.8 4.8 4.8
2001 Budget.......................... 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2
10-year Treasury notes:
2000 Mid-Session Review.............. 5.5 5.5 5.6 5.6 5.6 5.6 5.6 5.6 5.6 5.6 NA
CBO January.......................... 6.3 6.4 6.1 5.8 5.7 5.7 5.7 5.7 5.7 5.7 5.7
2001 Budget.......................... 6.1 6.1 6.1 6.1 6.1 6.1 6.1 6.1 6.1 6.1 6.1
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NA = Not available.
\1\ Percent change, fourth quarter over fourth quarter.
\2\ Adjusted for October 1999 NIPA revisions.
\3\ Annual averages, percent.