[Congressional Record Volume 156, Number 83 (Friday, May 28, 2010)]
[House]
[Pages H4211-H4212]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 BUDGETARY EFFECTS OF PAYGO LEGISLATION

  Pursuant to Public Law 111-139, after consultation with the Chairman 
of the Senate Budget Committee, and on behalf of both of us, Mr. Spratt 
hereby submits, prior to the vote on the House amendment to the Senate 
amendment to the bill H.R. 4213, the American Jobs and Closing Tax 
Loopholes Act, the following attached cost estimates for printing in 
the Congressional Record.
  A. An estimate of the costs of section 523 of the amendment printed 
in part A of House Report 111-497, as modified by the amendment printed 
in part B of House Report 111-497 and the further amendment printed in 
section 2 of House Resolution 1403. Section 523 of the House amendment, 
as modified, has been scored using an adjustment for current policy 
pursuant to sections 4(c) and 7(c) of Public Law 111-139.
  If only section 523 passes, then the estimate for purposes of Public 
Law 111-139 shall be the estimate labeled Division I.
  B. An estimate of the costs of the amendment printed in part A of 
House Report 111-497, as modified by the amendment printed in part B of 
House Report 111-497 and the further amendment printed in section 2 of 
House Resolution 1403, excluding section 523. The amendment, as 
modified and excluding section 523, includes an emergency designation 
for section 501 pursuant to section 4(g) of Public Law 111-139.
  If only the amendment, as modified and excluding section 523, passes, 
then the estimate for purposes of Public Law 111-139 shall be the 
estimate labeled Division II.
  C. An estimate of the costs of the amendment printed in part A of 
House Report 111-497, as modified by the amendment printed in part B of 
House Report 111-497 and the further amendment printed in section 2 of 
House Resolution 1403. Section 523 of the amendment, as modified, has 
been scored using in adjustment for current policy pursuant to sections 
4(c) and 7(c) of Public Law 111-139. In addition, the amendment, as 
modified, includes an emergency designation for section 501 pursuant to 
section 4(g) of Public Law 111-139.
  If the amendment printed in part A of House Report 111-497, as 
modified by the amendment printed in part B of House Report 111-497 and 
the further amendment printed in section 2 of House Resolution 1403 
passes, then the estimate for purposes of Public Law 111-139 shall be 
the estimate labeled Division I and Division II Combined.

[[Page H4212]]


 ESTIMATE OF THE STATUTORY PAY-AS-YOU-GO EFFECTS FOR H.R. 4213, THE AMERICAN JOBS AND CLOSING TAX LOOPHOLES ACT OF 2010 (AS REPORTED BY THE COMMITTEE ON RULES ON MAY 26, 2010 WITH A SUBSEQUENT
                                                                       DRAFT AMENDMENT TRANSMITTED TO CBO ON MAY 27, 2010)
                                                                              [Millions of dollars, by fiscal year]
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                                                      2010       2011       2012       2013       2014       2015       2016       2017       2018       2019       2020    2010-2015  2010-2020
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Division I: Section 523--Medicare Sustainable Growth Rate Reform
 
                                                                      NET INCREASE OR DECREASE (-) IN THE ON-BUDGET DEFICIT
 
Total On-Budget Changes for Division I...........      3,143     14,455      5,320          0          0          0          0          0          0          0          0     22,918     22,918
Less:
    Current-Policy Adjustment for Medicare             3,143     14,455      4,281          0          0          0          0          0          0          0          0     21,879     21,879
     Payments to Physicians \1\..................
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Statutory Pay-As-You-Go Impact for Division I....          0          0      1,040          0          0          0          0          0          0          0          0      1,040      1,040
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Division II: All Other Provisions (The amendment printed in part A of the Rules Committee report on H.R. 4213, as modified by the amendment printed in part B of Rules Committee report and the
 further amendment printed in section 2 of the rule, except for section 523 of the amendment.)
 
                                                                      NET INCREASE OR DECREASE (-) IN THE ON-BUDGET DEFICIT
Total On-Budget Changes for Division II..........     22,305     45,115       -763     -3,319     -3,764    -25,092     17,098     -4,360     -3,648     -2,915     -3,095     34,481     37,573
Less:............................................
    Designated as Emergency Requirements \2\.....     12,205     26,715        180        175        120         60         45          0          0          0          0     39,455     39,500
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Statutory Pay-As-You-Go Impact for Division II...     10,100     18,400       -943     -3,494     -3,884    -25,152     17,053     -4,360     -3,648     -2,915     -3,095     -4,974     -1,927
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Division I and Division II Combined:
 
                                                                      NET INCREASE OR DECREASE (-) IN THE ON-BUDGET DEFICIT
 
Total On-Budget Changes..........................     25,448     59,570      4,557     -3,319     -3,764    -25,092     17,098     -4,360     -3,648     -2,915     -3,095     57,399     60,492
Less:
    Current-Policy Adjustment for Medicare             3,143     14,455      4,281          0          0          0          0          0          0          0          0     21,879     21,879
     Payments to Physicians \1\..................
    Designated as Emergency Requirements \2\.....     12,205     26,715        180        175        120         60         45          0          0          0          0     39,455     39,500
                                                  ----------------------------------------------------------------------------------------------------------------------------------------------
Statutory Pay-As-You-Go Impact...................     10,100     18,400         96     -3,494     -3,884    -25,152     17,053     -4,360     -3,648     -2,915     -3,095     -3,934       -887
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Memorandum--Components of the Emergency Designation (Division I and Division II Combined)
Changes in Outlays...............................     12,205     26,555          0          0          0          0          0          0          0          0          0     38,760     38,760
Changes in Revenues \3\..........................          0       -160       -180       -175       -120        -60        -45          0          0          0          0       -695       -740
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Sources: Congressional Budget Office and Joint Committee on Taxation.
Note: Components may not sum to totals because of rounding.
 
\1\ Section 7(c) of the Statutory Pay-As-You-Go Act of 2010 provides for current-policy adjustments related to Medicare payments to physicians. CBO estimates that the maximum available
  adjustment for a physician payment policy through December 31, 2011, is about $21.9 billion.
\2\ Section 701 of H.R. 4213, the American Jobs and Closing Tax Loopholes Act of 2010 would designate section 501 (unemployment insurance) of the bill as an emergency requirement pursuant to
  section 4(g) of the Statutory Pay-As-You-Go Act of 2010.
\3\ Negative numbers represent a DECREASE in revenues.

  Pursuant to Public Law 111-139, Mr. Spratt hereby submits, prior to 
the vote on passage, the attached estimate of the costs of the bill 
H.R. 5116, the America COMPETES Reauthorization Act of 2010, as 
amended, for printing in the Congressional Record.

                                          ESTIMATE OF PAY-AS-YOU-GO EFFECTS FOR H.R. 5116, THE AMERICA COMPETES REAUTHORIZATION ACT OF 2010, AS AMENDED
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                                                                                                      By fiscal year in millions of dollars--
                                                  ----------------------------------------------------------------------------------------------------------------------------------------------
                                                      2010       2011       2012       2013       2014       2015       2016       2017       2018       2019       2020    2010-2015  2010-2020
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                                                                           NET INCREASE OR DECREASE (-) IN THE DEFICIT
 
Statutory Pay-As-You-Go Impact...................          0          0          0          0          0          0          0          0          0          0          0          0          0
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  Pursuant to Public Law 111-139, Mr. Spratt hereby submits, prior to 
the vote on passage, the attached estimate of the costs of the bill 
H.R. 5136, the National Defense Authorization Act for Fiscal Year 2011, 
as amended, for printing in the Congressional Record.

                                                                   ESTIMATE OF PAY-AS-YOU-GO EFFECTS FOR H.R. 5136, AS AMENDED
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                                                                                                      By fiscal year in millions of dollars--
                                                  ----------------------------------------------------------------------------------------------------------------------------------------------
                                                      2010       2011       2012       2013       2014       2015       2016       2017       2018       2019       2020    2010-2015  2010-2020
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                                                                           NET INCREASE OR DECREASE (-) IN THE DEFICIT
 
Statutory Pay-As-You-Go Impact...................          0      3,973     -3,972        -11         -4         -1      4,369        144     -4,510          6          6        -15          0
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