[Congressional Record Volume 157, Number 191 (Tuesday, December 13, 2011)]
[House]
[Page H8878]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 BUDGETARY EFFECTS OF PAYGO LEGISLATION

  Pursuant to section 6004 of H.R. 3630 (112th Congress), Mr. Ryan (WI) 
is required to submit a statement in the record, prior to the vote on 
passage, on the budgetary and deficit effects of H.R. 3630, the Middle 
Class Tax Relief and Job Creation Act of 2011, for printing in the 
Congressional Record.
  Section 6004 of H.R. 3630 provides that the Office of Management and 
Budget should not take into account the budgetary effects for the 
purposes of the Statutory Pay-As-You-Go Act (PL 111-139) if the bill 
would not increase the deficit for the period of fiscal years 2012 
through 2021.
  Section 6005 of H.R. 3630 provides that the decrease in the deficit 
is determined on the basis of the change in total outlays and total 
revenue of the Federal government, including the estimated off-budget 
effects, the estimated effects of the changes to the discretionary 
spending limits set forth in section 251 of the Balanced Budget and 
Emergency Deficit Control Act of 1985, and the estimate of the change 
in net income to the National Flood Insurance Program, resulting from 
the enactment of H.R. 3630. Based on the estimates provided by the 
Congressional Budget Office on H.R. 3630, taking those effects into 
account, the legislation would reduce the deficit by $5,833 billion for 
the period of fiscal years 2012 through 2021. As a result, the effects 
of this legislation should not be taken into account for the purposes 
of statutory pay-as-you-go.

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