[House Report 105-555]
[From the U.S. Government Publishing Office]
105th Congress Report
2d Session HOUSE OF REPRESENTATIVES 105-555
_______________________________________________________________________
CONCURRENT RESOLUTION ON THE
BUDGET--FISCAL YEAR 1999
__________
R E P O R T
of the
COMMITTEE ON THE BUDGET
HOUSE OF REPRESENTATIVES
to accompany
H. Con. Res. 284
REVISING THE CONGRESSIONAL BUDGET FOR THE UNITED STATES GOVERNMENT FOR
FISCAL YEAR 1998, ESTABLISHING THE CONGRESSIONAL BUDGET FOR THE UNITED
STATES GOVERNMENT FOR FISCAL YEAR 1999, AND SETTING FORTH APPROPRIATE
BUDGETARY LEVELS FOR FISCAL YEARS 2000, 2001, 2002, AND 2003
together with
ADDITIONAL, SUPPLEMENTAL, DISSENTING, AND MINORITY VIEWS
May 27, 1998.--Committed to the Committee of the Whole House on the
State of the Union and ordered to be printed
C O N T E N T S
----------
Page
Budget Overview.................................................. 3
Today's Prosperity--and Tomorrow's: Economic Assumptions......... 7
Function-by-Function Presentation................................ 11
Additional Language.............................................. 31
Summary Tables................................................... 33
The Congressional Budget Process................................. 53
Spending Allocations......................................... 53
Appropriations Committee................................. 53
Authorizing Committees................................... 54
Reconciliation Instructions.................................. 61
Enforcing the Budget Resolution.................................. 63
Statutory Controls Over the Budget............................... 65
Discretionary Spending Limits................................ 65
Pay-As-You-Go Requirements................................... 66
Technical Changes in the Budget Process.......................... 69
Task Force on Budget Process Reform.............................. 73
Rollcall Votes and Related Matter................................ 75
Committee Votes.............................................. 75
Budget Committee Oversight Statement......................... 84
Oversight Findings and Recommendations of the Committee on
Government Reform and Oversight............................ 86
Miscellaneous Budgetary Information.......................... 86
Establishment of the Statutory Limit on the Public Debt...... 87
Views of Committee Members....................................... 87
Appendix--The Concurrent Budget Resolution (legislative text).... 166
105th Congress Report
HOUSE OF REPRESENTATIVES
2d Session 105-555
_______________________________________________________________________
CONCURRENT RESOLUTION ON THE BUDGET--FISCAL YEAR 1999
_______
May 27, 1998.--Committed to the Committee of the Whole House on the
State of the Union and ordered to be printed
_______________________________________________________________________
Mr. Kasich, from the Committee on the Budget, submitted the following
R E P O R T
together with
ADDITIONAL, SUPPLEMENTAL, DISSENTING, AND MINORITY VIEWS
[To accompany H. Con. Res. 284]
BUDGET OVERVIEW
The Republican Congress's determined effort to balance the
Federal budget is now expected to yield a surplus this year, 4
years ahead of schedule. The economy continues to grow, job
opportunities are expanding, and inflation remains in check.
But the Balanced Budget Act of 1997 was just the beginning. The
momentum created from our determined efforts of the past 4
years should be used as a platform from which to pursue further
reform--and to secure for the long term the benefits that
balancing the budget has brought. In our effort to keep the
budget in balance and promote continued prosperity, we must
pursue policies and reforms that will:
--Pay Down the Public Debt.
--Preserve and Protect Social Security.
--Shrink the Growth of Government by 1 Percent Over 5 Years so
we can * * *
--Relieve Families of the Marriage Penalty.
Congress should stand firm on these principles, building on
the accomplishments of the Balanced Budget Act. This budget
resolution represents our commitment to do so.
paying down the debt
This year, for the first time in nearly 30 years, the
unified Federal budget is in balance. This means that every
dollar of government spending is paid for.
But notwithstanding the importance of this achievement, our
balanced budget is only the first step. We are still carrying a
debt of $5.4 trillion--about three times the size of the total
budget. In addition, we face unfunded liabilities of $14
trillion--mainly in Social Security and Medicare--largely
driven by the coming retirement of the baby boomers. To secure
our balanced budget achievement, and--more important--to
maintain a climate of continued prosperity, we should start
today to reduce this massive debt.
preserving and protecting social security
Even before taking control of Congress in 1995, we pledged
to protect the Social Security benefits of America's workers
and retirees. We have kept that promise.
We have balanced the Federal budget for the first time
since 1969. Now, to protect Social Security in the long run, we
are taking the next step by reserving the unified budget
surplus for preserving Social Security.
But Social Security faces a huge challenge in the near
future. Starting in 2008, members of the 76-million ``baby
boom'' generation--those born between 1946 and 1964--will begin
to retire. This will start a substantial shift in the
population, such that there will be far more senior citizens
for every working person. By 2030, the number of people 65 and
older will have risen by 96 percent, from 35 million today to
68 million then. But the number of workers--the people paying
in to the Social Security system--will have grown by only 13
percent, from 148 million today to 167 million then.
Unless we act soon, the system will be bankrupt, and the
retirement security of millions of Americans will be placed in
jeopardy. We need to permanently save Social Security while
increasing the retirement income available for all Americans.
Our goal should be the creation of a dramatically better,
modern, personal Social Security system for the Information Age
while protecting the benefits in the current system. We should
use the opportunity presented by the surplus to create a huge
new pool of private capital that will lower interest rates,
strengthen economic growth, and increase the personal control
individuals have over their savings by funding new personal,
market-based retirement accounts for working Americans. Every
American should have the opportunity to rise above the status
quo.
We must save Social Security for the sake of three
generations--you, your parents, and your children. We should
save it in such a way that your children, not Washington, have
more control over their money. Through personal retirement
accounts, we can protect every current and future retiree, and
start the transition for younger Americans toward a modern,
personal, market-oriented retirement system.
shrinking the government
Over the past 5 years, the Federal Government spent $7.8
trillion. Without congressional action, total Federal spending
over the next 5 years will total about $9.1 trillion. This
budget resolution proposes to slow the growth of government by
roughly 1 percent over that period.
Such savings are clearly achievable. Right now, there are
more than 150 Federal job training programs, 340 programs in
housing and 760 programs in education. Every Federal program
requires bureaucrats, paperwork, and regulations. Surely, in
this vast array of programs, a savings of 1 percent can be
found.
There are many ways to achieve the goals of this
resolution, and there is no shortage of good ideas. Indeed, the
budget resolution is, by definition, simply the blueprint,
setting out the framework of this policy direction.
Consequently, this resolution provides broad flexibility to the
committees with jurisdiction over government programs. These
authorizing and appropriating committees will work with the
Budget Committee through the summer to develop the best
policies for this effort. The committees will then bring to the
floor a package of sound reforms that achieve these fundamental
policy goals.
But shrinking government is not an end in itself. The real
goal of reducing the government's budget is to expand family
budgets. The Federal Government's tax collections are higher
today--measured as a share of economic resources--than at any
other time since World War II. Government revenues are growing
twice as fast as wages. The best way to permanently ease the
tax burden on American families is by reducing the amount
government takes from them--in short, by shrinking the
government. As government is reduced, this plan calls for
restoring the savings directly to American families by * * *
Relieving Families of the Marriage Penalty
The President's 1993 tax bill exacerbated the marriage
penalty by making permanent certain provisions of the tax code
that were supposed to be temporary, including the top marginal
tax rate of 39.6 percent and the phase-outs for personal
exemptions and certain credits. Where the marriage penalty
occurs, it punishes those who are trying to form stable
families--which are the basis of values and morals in the
Nation. At a time when promoting strong families is most
needed, the marriage penalty works at cross-purposes with
America's best interests.
The marriage penalty's effect on a family's economic well-
being is not a theoretical exercise: the Congressional Budget
Office [CBO] reports that the marriage penalty actually reduces
the incentive to work and therefore reduces family income as
parents are forced into higher tax brackets. The CBO estimates
that in 1996, 21 million married couples paid an average of
$1,400 a year in higher taxes as a direct result of the
marriage penalty.
Comparison With the President
Since we first took the majority in Congress in 1995, we
have cut taxes for the first time in 16 years; balanced the
budget for the first time since the New York Mets won their
first World Series; reformed welfare so that welfare recipients
were required to work; saved Medicare from bankruptcy; and
protected Social Security.
When this record is compared with the President's, the
results are illuminating. The President has increased spending,
increased government, and increased taxes. In 1993, the
President proposed, fought for, and won the largest tax
increase in American history. At the beginning of 1995, he
proposed budget deficits of $200 billion a year as far as the
eye could see. Contrary to his rhetoric of creating a
government that ``works better and spends less,'' the record
shows he has sought only to reinvent big government.
His latest budget proposal calls for 85 new spending
programs, including 39 entitlements, and more than $150 billion
in new spending over 5 years. It also calls for $129 billion in
tax increases over 5 years.
Conclusion
Not long ago, mainstream economists warned that too much
deficit reduction achieved too quickly could slow the economy.
But in the year since the Balanced Budget Agreement was
reached, a projected $90-billion deficit for fiscal year 1998
has been replaced with a surplus of approximately $53 billion--
and the economy continues to grow. Washington economists
clearly have underestimated the strength and resiliency of the
Nation's economic power--which come from the American people
themselves.
This budget continues the process started with the Balanced
Budget Act of 1997. It calls for paying down debt, and
preserving and protecting Social Security. It calls for
shrinking government by 1 percent over 5 years--that is,
spending $9 trillion instead of $9.1 trillion--and putting the
savings directly in the hands of American families by relieving
them of the marriage penalty.
In short, this budget underscores our belief that when the
American people have the resources and freedom to pursue their
own destinies, our country prospers.
TODAY'S PROSPERITY--AND TOMORROW'S
Economic Assumptions of the Budget Resolution
----------
The Budget and the Economy
Two factors have stood out in promoting the economic
stability that now exists in the United States: low inflation
and declining interest rates.
``Declining inflation has had a pervasive tax cut effect
throughout the economy, boosting real incomes, and real
wages,'' says economist Lawrence A. Kudlow. Today's low
inflation is, in fact, the product of a long-term effort that
began with the Reagan administration. President Reagan
recognized that high inflation punished everyone, and he vowed
to reverse the inflationary trend that he inherited when he
took office in 1981. Economists long have known that price
stability is a necessary foundation for a growing economy.
So are low interest rates. Long-term interest rates have
declined from 7.8 percent in January 1995, when our Republican
majorities in Congress took office, to approximately 5.7
percent now. ``It has been that decline [in long-term interest
rates] which perhaps more than anything else in our economy has
been the factor which has been driving this really quite
extraordinary 7-year economic expansion,'' says Federal Reserve
Chairman Alan Greenspan. Chairman Greenspan also has credited
this decline largely to Congress's determined effort to balance
the Federal budget. As he has said: ``A substantial part * * *
of the very considerable decline in long-term interest rates
has been a function of the decline in the budget deficit,
because it's removed pressures of the Federal Government's
borrowing from the marketplace.''
This decline in interest rates has a direct impact on
family budgets. The decline in interest rates since the
beginning of 1995 has saved the typical family $50,850 on a
home mortgage, $901 on an auto loan, and $1,438 on a student
loan.
Interestingly, the reverse occurred with the President's
1993 tax bill. ``A year after Clinton's '93 tax hike, long-term
Treasury rates moved up from 5.75 percent to 8.25 percent,''
says Kudlow. ``The trend of real economic growth slowed from
3.3 percent to 1.7 percent.''
It is noteworthy that many of Washington's economic
experts, including the Congressional Budget Office [CBO],
seriously underestimated the power, diversity, and resilience
of the American economy. For example, when the Balanced Budget
Agreement was reached in May 1997, CBO projected a deficit in
fiscal year 1998 of approximately $90 billion. Today, CBO
estimates a surplus this year of about $53 billion, and Federal
revenues continue to pour in at a much-higher-than-expected
rate. Meanwhile, since 1997 private forecasts have consistently
seen higher surpluses than did CBO. The latest revision was
widely anticipated, as $50-billion to $60-billion surpluses for
1998 were expected as the consensus on Wall Street during the
previous several months.
CBO has been unable to fully explain its frequent
misestimates of recent years. But the answer may lie in the
nature of well-functioning free markets. The market is not a
single entity. It comprises millions of individual decisions
made every day. It feeds on innovations large and small.
If anything, the successes of the past several years
demonstrate that controlling government spending, restraining
taxes, and reducing regulation can pay dividends that are
consistently larger than expected--and that is a reason to
continue on this path.
Review of Economic Developments in 1997
Economic performance improved in 1997, with higher growth,
lower unemployment, and lower inflation than in 1996. The
economy grew in 1997 at a real economic rate of 3.8 percent,
the highest in a decade and well above the 2.4 percent of 1996.
In 1997, the average unemployment rate was 4.7 percent, the
lowest in a quarter century. This is substantially lower than
the 5.4 percent rate in 1996.
But this lower unemployment was achieved while price levels
remained stable: The Consumer Price Index [CPI] increased only
1.7 percent in 1997, the lowest in 30 years and half of its
pace in 1996. Several factors of the last few years have
continued rather than faded, including: a continuation of the
worldwide trend toward lower inflation; strength of the dollar
and financial crisis in Asia so that import prices declined;
continued sharp slowdown in medical care costs; unusually rapid
declines in computer prices; fall in commodities prices, and
technical revisions by the Bureau of Labor Statistics [BLS] on
the CPI.
The Federal Reserve Board reaction to these developments
was to keep its policy unchanged. The main policy objective of
the Fed has been to ensure that its monetary policy supports a
rate of economic growth that is consistent with low inflation
and price stability. In contrast to 1994, when the Fed raised
rates several times to preemptively lower inflationary
pressures, the Fed in 1997 held rates almost steady (there was
a single hike in March of a quarter percent). With inflation
and inflationary expectations falling,keeping the nominal
Federal funds rate (the Fed's main policy tool) unchanged is to allow a
higher and therefore more restrictive real rate.
Perhaps more than other sectors, housing has benefitted
from the improved economic environment. Strong household income
gains, high levels of consumer confidence and lower interest
rates have led to the highest home ownership rate since
tabulations started 34 years ago. Sales of new homes are nearly
the highest since record keeping started in 1963. Yet prices
have picked up only slightly and builders have not responded
with excessive over-building.
Even the economic and financial crisis in Asia, which
started in the fall of 1997, did not materially affect the
gains in 1997.
Summary of CBO Economic Forecast Through 2003
The CBO economic forecast is very similar to OMB and the
Blue Chip consensus forecasts, with differences within the
range of error for such forecasts.
CBO expects real economic growth to gradually slow from its
rate of 3.8 percent in 1997 to 2.7 percent in 1998 and 2.0
percent in 1999, and then to gradually trend toward CBO's
projected potential growth rate of the economy which ranges
from 2.1 percent to 2.3 percent in the projection period. The
weakness occurs largely from a combination of a worsened trade
balance due to the impact of the economic turmoil in Asia,
lower investment from much lower corporate profits and somewhat
higher short-term interest rates from Federal Reserve
tightening of monetary policy.
On inflation and unemployment, CBO's short-term forecast
shows that for 1998, both are expected to remain at their very
low rates of 1997. But both are expected to worsen after 1999:
CBO forecasts assume a risk of higher inflation if the
unemployment rate is below 5.8 percent. Accordingly, over 5
years unemployment rises to 5.8 percent, and over 4 years
inflation rises to 2.8 percent. Like most analysts, CBO sees no
obvious signs of imbalance, and therefore no recession likely
in the forecast period.
After 1999, CBO does not attempt to forecast cyclical
fluctuations in the economy more than 2 years ahead; instead,
its longer-term projections are based on trends in the labor
force, productivity, and saving. CBO projects for the period
after 2002 that the economy will grow between 2.1 percent and
2.3 percent, adjusted for inflation. Also, CBO's long-term
projections assume that the Fed will pursue a low-inflation
environment that supports a rate of economic growth close to
its long-term potential and reflects the likelihood of a
recession at some time in the projection period.
Deficits continued to fall; the Federal deficit for fiscal
year 1997 came in much lower than projected due to unexpectedly
strong revenues. The Federal budget deficit dropped sharply
lower in 1997 to a level $100 billion lower than projected at
the beginning of the calendar year; $70 billion was due to
revenue. The improved economic environment accounts for about a
third of the cumulative deficit improvement since September
1997 over the 1999-2003 period. As of May 1998, the past 12-
month cumulative surplus is already $49 billion.
Revenues have outgrown GDP growth in the past four years by
at least 2 percent each year, so that the share of Federal
Government in the economic output, 20.6 percent expected in
1998--one measure of the size of government--is currently a
post-WWII record.
As in 1997, CBO revised up its estimates of surpluses due
to large revenue inflows. In May 1998, CBO estimated surpluses
of between $35 billion and $55 billion higher for the current
fiscal year 1998. Some 65 percent to 70 percent ($25 to $35
billion) is due to the strength in revenues collected (the rest
is from lower outlays). For 1999, most of the revenues strength
continues ($20 billion to $30 billion) improving the fiscal
year 1999 surplus to $29 billion to $39 billion. For the
outyears, reduced interest payments for debt service from lower
national debt can be expected. CBO found no significant change
to indicate an improvement in long-term economic trends, unlike
the ``April Surprise'' in 1997, which was based on an upward
revision in economic statistics on investment that
significantly increased the capital base in the outyears.
As noted above, since 1997, private forecasts have
consistently foreseen higher surpluses than officially
forecast. The latest revision was widely anticipated, as $50-
billion to $60-billion surpluses for 1998 were expected as the
consensus on Wall Street during the previous several months.
Most of the surge (CBO estimates 85 percent) in unexpected
1997 tax revenues has been in the area of individual taxes,
especially in the category of non-withheld taxes. Although the
data to establish where these taxes came from are not yet
available (details will not be available for 2 years), most
likely they are from the following: stronger-than- expected
personal income growth due to the economy; a rise in the
effective tax rate; and continued high capital gains
realizations, probably related to the boom in the stock market.
CBO notes that the first two reasons may be why individual
taxes are growing at twice the rate of personal incomes.
Preliminary tax data suggest that capital gains tax payments
could be a major factor: capital gains realizations probably
grew at a 45- percent rate in 1997, to $370 billion, repeating
the same growth as in 1996. Federal Reserve statistics show
that over 1988 to 1997, stock market gains have added $6.1
trillion to wealth of households and nonprofits (probably about
an eighth of this total), with $3.9 trillion in gains for 1995
to 1997. Some analysts cite this growth as the basis for
assuming permanently higher future revenues from capital gains
realizations.
ECONOMIC ASSUMPTIONS
[Calendar years]
----------------------------------------------------------------------------------------------------------------
Forecast Projected
Actual -----------------------------------------------------
(1997) 1998 1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Percent change (year over year):
Real GDP..................................... 3.8 2.7 2.0 1.9 2.0 2.1 2.3
Implicit GDP deflator........................ 2.0 2.0 2.2 2.3 2.4 2.4 2.5
Inflation (CPI-U)............................ 2.3 2.2 2.5 2.7 2.8 2.8 2.8
Annual rate:
Unemployment................................. 4.9 4.8 5.1 5,4 5.6 5.8 5.8
3-month Treasury Bill........................ 5.1 5.3 5.2 4.8 4.7 4.7 4.7
1-year Treasury Note......................... 6.4 6.0 6.1 6.0 5.9 5.9 5.9
Income shares (percentage of GDP):
Corporate profits............................ 9.9 9.7 9.2 8.8 8.5 8.3 8.2
Wage and salary.............................. 48.0 48.4 48.5 48.6 48.6 48.6 48.6
----------------------------------------------------------------------------------------------------------------
Source: Congressional Budget Office.
FUNCTION-BY-FUNCTION PRESENTATION
----------
Function 050: National Defense
FUNCTION SUMMARY
The National Defense function includes funds to develop,
maintain, and equip the military forces of the United States.
Major areas of funding include pay and benefits for military
and civilian personnel; research, development, testing, and
evaluation; procurement of weapons systems; military
construction and family housing; and operations and maintenance
of the defense establishment.
DESCRIPTION OF COMMITTEE-REPORTED RESOLUTION
For discretionary spending, the budget resolution calls for
$271.6 billion in budget authority [BA] and $266.6 billion in
outlays in fiscal year 1999, and $1,416.3 billion in BA and
$1,360.2 billion in outlays over 5 years.
Mandatory spending in this function would be -$1.1 billion
in BA and -$1.1 billion in outlays in fiscal year 1999, and
-$5.3 billion in BA and -$5.3 billion in outlays over 5 years.
FUNCTION 050: NATIONAL DEFENSE
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Budget Authority......................................... $270.5 $274.3 $280.8 $288.6 $296.8
Outlays.................................................. 265.5 267.9 269.6 272.1 279.8
----------------------------------------------------------------------------------------------------------------
Function 150: International Affairs
FUNCTION SUMMARY
The International Affairs function includes funds to
finance the foreign affairs establishment, including embassies
and other diplomatic missions abroad; humanitarian assistance;
foreign aid in less developed countries; international security
assistance; U.S. contributions to the international financial
institutions; foreign information and exchange activities;
Export-Import Bank activities; and refugee assistance. The
major departments and agencies in this function include the
Department of State, the Department of the Treasury, the Agency
for International Development, the United States Information
Agency, and the Export-Import Bank.
SUMMARY OF COMMITTEE-REPORTED RESOLUTION
For discretionary spending, the budget resolution calls for
$18.5 billion in budget authority [BA] and $18.2 billion in
outlays in fiscal year 1999, and $80.4 billion in BA and $83.5
billion in outlays over 5 years. Mandatory spending in this
function would be -$4.3 billion in BA and -$4.4 billion in
outlays in fiscal year 1999, and -$17.1 billion in BA and
-$20.0 billion in outlays over 5 years.
FUNCTION 150: INTERNATIONAL AFFAIRS
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Budget Authority......................................... $14.2 $12.1 $12.3 $12.3 $12.2
Outlays.................................................. 13.8 13.7 12.9 11.9 11.3
----------------------------------------------------------------------------------------------------------------
Function 250: General Science, Space, and Technology
FUNCTION SUMMARY
The General Science, Space, and Technology function
includes funds for space flight and research, general science,
and basic research not specifically covered by other functional
areas. The programs in this function are the primary source of
funding for the physical and engineering sciences. The budgets
for the National Science Foundation [NSF], the high energy and
nuclear physics research programs of the Department of Energy
[DOE], and the National Aeronautics and Space Administration
[NASA]--except for its air transportation programs which are
included in Function 400--are within this category.
SUMMARY OF COMMITTEE-REPORTED RESOLUTION
For discretionary spending--which represents nearly 100
percent of the function's totals--the budget resolution calls
for $17.9 billion in budget authority [BA] and $17.8 billion in
outlays in fiscal year 1999, and $88.9 billion in BA and $88.5
billion in outlays over 5 years.
FUNCTION 250: GENERAL SCIENCE, SPACE, AND TECHNOLOGY
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Budget Authority......................................... $17.9 $17.7 $17.8 $17.8 $17.8
Outlays.................................................. 17.8 17.8 17.6 17.7 17.7
----------------------------------------------------------------------------------------------------------------
Function 270: Energy
FUNCTION SUMMARY
The Energy function includes the civilian activities in the
Department of Energy, rural electrification and
telecommunications loans within the Department of Agriculture,
the power programs of the Tennessee Valley Authority [TVA], and
the Nuclear Regulatory Commission [NRC].
SUMMARY OF COMMITTEE-REPORTED RESOLUTION
For discretionary spending, the budget resolution calls for
$2.8 billion in budget authority [BA] and $3.3 billion in
outlays in fiscal year 1999, and $9.5 billion in BA and $12.0
billion in outlays over 5 years. Mandatory spending in this
function would be -$2.2 billion in BA and -$3.1 billion in
outlays in fiscal year 1999, and -$17.5 billion in BA and
-$21.8 billion in outlays over 5 years.
FUNCTION 270: ENERGY
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Budget Authority......................................... $0.6 -$0.3 -$1.3 -$6.1 -$0.7
Outlays.................................................. 0.3 -0.2 -1.8 -6.6 -1.5
----------------------------------------------------------------------------------------------------------------
Function 300: Natural Resources And Environment
FUNCTION SUMMARY
The Natural Resources and Environment function includes
funds to develop, manage, and maintain the Nation's natural
resources, and protect public health by ensuring a clean
environment. Funding is provided for water resources,
conservation and land management, recreational resources,
pollution control and abatement, and other natural resources.
The major departments and agencies in this function include the
Department of the Interior; the Department of Agriculture; the
Army Corps of Engineers; the Environmental Protection Agency;
and the National Oceanic and Atmospheric Administration [NOAA],
in the Department of Commerce.
SUMMARY OF COMMITTEE-REPORTED RESOLUTION
For discretionary spending, the budget resolution calls for
$22.0 billion in budget authority [BA] and $22.0 billion in
outlays in fiscal year 1999, and $102.9 billion in BA and
$105.7 billion in outlays over 5 years. Mandatory spending in
this function would be $0.6 billion in BA and $0.8 billion in
outlays in fiscal year 1999, and $2.2 billion in BA and $2.4
billion in outlays over 5 years.
FUNCTION 300: NATURAL RESOURCES AND ENVIRONMENT
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Budget Authority......................................... $22.6 $21.0 $20.5 $20.5 $20.5
Outlays.................................................. 22.8 22.4 21.6 20.8 20.5
----------------------------------------------------------------------------------------------------------------
Function 350: Agriculture
FUNCTION SUMMARY
The Agriculture function includes funds for direct
assistance and loans to food and fiber producers, export
assistance, market information and inspection services, and
agricultural research.
SUMMARY OF COMMITTEE-REPORTED RESOLUTION
For discretionary spending, the budget resolution calls for
$4.3 billion in budget authority [BA] and $4.3 billion in
outlays in fiscal year 1999, and $20.7 billion in BA and $20.8
billion in outlays over 5 years. Mandatory spending in this
function would be $7.9 billion in BA and $6.2 billion in
outlays in fiscal year 1999, and $34.8 billion in BA and $26.4
billion in outlays over 5 years.
FUNCTION 350: AGRICULTURE
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Budget Authority......................................... $12.6 $11.7 $10.6 $10.4 $10.7
Outlays.................................................. 10.5 10.1 9.0 8.8 9.1
----------------------------------------------------------------------------------------------------------------
Function 370: Commerce and Housing Credit
FUNCTION SUMMARY
The Commerce and Housing Credit function includes certain
discretionary housing programs, such as subsidies for single
and multifamily housing in rural areas; net spending by the
Postal Service; discretionary funding for commerce programs,
such as international trade and exports, science and
technology, the periodic census, and small business; and
mandatory spending for deposit insurance activities related to
banks, thrifts, and credit unions; and mortgage insurance
provided by the Federal Housing Administration.
SUMMARY OF COMMITTEE-REPORTED RESOLUTION
For discretionary spending, the budget resolution calls for
$3.9 billion in budget authority [BA] and $3.2 billion in
outlays in fiscal year 1999, and $15.0 billion in BA and $15.3
billion in outlays over 5 years. Mandatory spending in this
function would be $0.5 billion in BA and -$0.4 billion in
outlays in fiscal year 1999, and $47.6 billion in BA and $30.4
billion in outlays over 5 years.
FUNCTION 370: COMMERCE AND HOUSING CREDIT
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Budget Authority......................................... $4.4 $15.3 $13.9 $14.8 $14.2
Outlays.................................................. 2.8 10.2 10.3 11.4 11.0
----------------------------------------------------------------------------------------------------------------
Function 400: Transportation
FUNCTION SUMMARY
The Transportation function includes Federal funding for
highway, transit, railroad, aviation, maritime, and Coast Guard
programs.
SUMMARY OF COMMITTEE-REPORTED RESOLUTION
For discretionary spending, the budget resolution calls for
$12.6 billion in budget authority [BA] and $40.4 billion in
outlays in fiscal year 1999, and $61.4 billion in BA and $200.8
billion in outlays over 5 years. Mandatory spending in this
function would be $31.6 billion in BA and $1.7 billion in
outlays in fiscal year 1999, and $156.8 billion in BA and $5.0
billion in outlays over 5 years.
FUNCTION 400: TRANSPORTATION
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Budget Authority......................................... $44.3 $43.6 $43.6 $43.1 $43.7
Outlays.................................................. 42.1 41.6 41.3 40.2 40.6
----------------------------------------------------------------------------------------------------------------
Function 450: Community and Regional Development
FUNCTION SUMMARY
The Community and Regional Development function includes
programs that provide Federal funding for economic and
community development in both urban and rural areas. It
includes programs such as Community Development Block Grants,
the Tennessee Valley Authority, the Appalachian Regional
Commission and the Federal Emergency Management Agency.
SUMMARY OF COMMITTEE-REPORTED RESOLUTION
For discretionary spending, the budget resolution calls for
$8.3 billion in budget authority [BA] and $10.7 billion in
outlays in fiscal year 1999, and $35.3 billion in BA and $44.2
billion in outlays over 5 years. Mandatory spending in this
function would be $0.4 billion in BA and -$0.1 billion in
outlays in fiscal year 1999, and $0.2 billion in BA and -$2.3
billion in outlays over 5 years.
FUNCTION 450: COMMUNITY AND REGIONAL DEVELOPMENT
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Budget Authority......................................... $8.7 $7.3 $6.8 $6.2 $6.2
Outlays.................................................. 10.6 9.1 8.2 7.4 6.6
----------------------------------------------------------------------------------------------------------------
Function 500: Education, Training, Employment, and Social Services
function summary
The Education, Training, Employment, and Social Services
function includes elementary and secondary education programs,
vocational and higher education, employment and job training
programs, and grants to States for general social services and
rehabilitation services.
summary of committee-reported resolution
For discretionary spending, the budget resolution calls for
$47.3 billion in budget authority [BA] and $46.2 billion in
outlays in fiscal year 1999, and $238.7 billion in BA and
$233.7 billion in outlays over 5 years. Mandatory spending in
this function would be $14.1 billion in BA and $14.0 billion in
outlays in fiscal year 1999, and $77.3 billion in BA and $75.6
billion in outlays over 5 years.
FUNCTION 500: EDUCATION, TRAINING, EMPLOYMENT, AND SOCIAL SERVICES
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Budget Authority......................................... $61.4 $62.3 $63.3 $63.2 $65.6
Outlays.................................................. 60.2 61.3 62.0 61.8 63.9
----------------------------------------------------------------------------------------------------------------
Function 550: Health
function summary
The Health function includes the biomedical research
services, and health education activities of the United States,
including the National Institutes of Health, substance abuse
prevention and treatment, and women's health issues. It also
includes Medicaid, the Nation's major program to pay for
medical and long-term care services for low-income people.
Summary of committee-reported resolution
For discretionary spending, the budget resolution calls for
$26.7 billion in budget authority [BA] and $26.3 billion in
outlays in fiscal year 1999, and $131.5 billion in BA and
$131.0 billion in outlays over 5 years. Mandatory spending in
this function would be $117.1 billion in BA and $116.0 billion
in outlays in fiscal year 1999, and $652.1 billion in BA and
$651.9 billion in outlays over 5 years.
FUNCTION 550: HEALTH
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Budget Authority......................................... $143.8 $149.9 $155.9 $162.8 $171.2
Outlays.................................................. 142.3 149.5 155.6 163.6 172.0
----------------------------------------------------------------------------------------------------------------
Function 570: Medicare
function summary
This budget function includes the Medicare Part A Hospital
Insurance [HI] program, Part B Supplementary Medical Insurance
[SMI] program, and premiums paid by qualified aged and disabled
beneficiaries.
summary of committee-reported resolution
For discretionary spending, the budget resolution calls for
$2.7 billion in budget authority [BA] and $2.8 billion in
outlays in fiscal year 1999, and $13.5 billion in BA and $13.6
billion in outlays over 5 years. Mandatory spending in this
function would be $206.9 billion in BA and $207.4 billion in
outlays in fiscal year 1999, and $1,172.9 billion in BA and
$1,173.4 billion in outlays over 5 years.
FUNCTION 570: MEDICARE
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Budget Authority......................................... $209.6 $220.5 $237.5 $248.7 $270.2
Outlays.................................................. 210.1 219.8 240.4 246.3 270.4
----------------------------------------------------------------------------------------------------------------
Function 600: Income Security
FUNCTION SUMMARY
The Income Security function includes most of the Federal
Government's income support programs. The function includes
benefits to Federal retirees and railroad retirees;
unemployment benefits; low-income housing; food-stamps; school
lunch subsidies; and financial assistance to low-income groups
including families with children, the disabled, the elderly,
refugees, and households with high energy costs.
SUMMARY OF COMMITTEE-REPORTED RESOLUTION
For discretionary spending, the budget resolution calls for
$33.7 billion in budget authority [BA] and $41.2 billion in
outlays in fiscal year 1999, and $185.7 billion in BA and
$197.6 billion in outlays over 5 years. Mandatory spending in
this function would be $210.1 billion in BA and $206.3 billion
in outlays in fiscal year 1999, and $1,147.3 billion in BA and
$1,133.6 billion in outlays over 5 years.
FUNCTION 600: INCOME SECURITY
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Budget Authority......................................... $243.8 $256.8 $267.2 $277.4 $287.8
Outlays.................................................. 247.6 258.2 267.0 274.5 284.0
----------------------------------------------------------------------------------------------------------------
Function 650: Social Security
FUNCTION SUMMARY
Function 650 consists of the Social Security Program.
SUMMARY OF COMMITTEE-REPORTED RESOLUTION
For discretionary spending, the budget resolution calls for
$3.2 billion in budget authority [BA] and $3.4 billion in
outlays in fiscal year 1999, and $16.0 billion in BA and $16.3
billion in outlays over 5 years. Mandatory spending in this
function would be $391.5 billion in BA and outlays in fiscal
year 1999, and $2,147.8 billion in BA and outlays over 5 years.
FUNCTION 650: SOCIAL SECURITY
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Budget Authority......................................... $394.7 $411.9 $430.9 $451.9 $474.4
Outlays.................................................. 394.9 412.0 430.9 451.9 474.4
----------------------------------------------------------------------------------------------------------------
Function 700: Veterans' Benefits and Services
FUNCTION SUMMARY
The Veterans' Benefits and Services function includes
funding for the Department of Veterans Affairs [VA] which
provides veterans who meet various eligibility rules benefits
ranging from medical care, to compensation, pensions,
education, housing, insurance, and burial benefits. There are
about 25.9 million veterans and about 44 million members of
their families.
The VA administers a vast health care system for veterans
who meet certain eligibility criteria. Care is provided largely
in facilities owned and operated by the VA. In 1996, the VA-
operated facilities included 173 medical centers, 130 nursing
home care units, 375 outpatient clinics, and 39 domiciliaries.
In recent years, about 2.8 million veterans used the VA health
care system, representing just over 10 percent of the total
veteran population.
SUMMARY OF COMMITTEE-REPORTED RESOLUTION
For discretionary spending, the budget resolution calls for
$19.1 billion in budget authority [BA] and $19.6 billion in
outlays in fiscal year 1999, and $95.6 billion in BA and $96.3
billion in outlays over 5 years. Mandatory spending in this
function would be $23.3 billion in BA and $23.4 billion in
outlays in fiscal year 1999, and $121.9 billion in BA and
$123.1 billion in outlays over 5 years.
FUNCTION 700: VETERANS'' BENEFITS AND SERVICES
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Budget Authority......................................... $42.4 $43.0 $43.5 $43.9 $44.8
Outlays.................................................. 42.9 43.3 43.7 44.2 45.2
----------------------------------------------------------------------------------------------------------------
Function 750: Administration of Justice
FUNCTION SUMMARY
The Administration of Justice function includes funding for
Federal law enforcement activities, including criminal
investigations by the Federal Bureau of Investigation [FBI] and
the Drug Enforcement Administration [DEA], border enforcement
and the control of illegal immigration by the Customs Service
and Immigration and Naturalization Service [INS], as well as
funding for prison construction, drug treatment, crime
prevention programs, and the Federal Judiciary.
SUMMARY OF COMMITTEE-REPORTED RESOLUTION
For discretionary spending, the budget resolution calls for
$24.4 billion in budget authority [BA] and $23.4 billion in
outlays in fiscal year 1999, and $114.2 billion in BA and
$116.3 billion in outlays over 5 years. Mandatory spending in
this function would be $0.6 billion in BA and $0.6 billion in
outlays in fiscal year 1999, and $1.9 billion in BA and $1.6
billion in outlays over 5 years.
FUNCTION 750: ADMINISTRATION OF JUSTICE
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Budget Authority......................................... $25.0 $23.3 $22.7 $22.6 $22.5
Outlays.................................................. 24.0 24.1 23.9 23.4 22.6
----------------------------------------------------------------------------------------------------------------
Function 800: General Government
FUNCTION SUMMARY
The General Government function consists of the activities
of the Legislative Branch, the Executive Office of the
President, U.S. Treasury fiscal operations (including Internal
Revenue Service), personnel and property management, and
general purpose fiscal assistance to states, localities, and
U.S. territories.
SUMMARY OF COMMITTEE-REPORTED RESOLUTION
For discretionary spending, the budget resolution calls for
$12.5 billion in budget authority [BA] and $11.9 billion in
outlays in fiscal year 1999, and $57.2 billion in BA and $56.2
billion in outlays over 5 years. Mandatory spending in this
function would be $2.3 billion in BA and $2.4 billion in
outlays in fiscal year 1999, and $11.7 billion in BA and $11.9
billion in outlays over 5 years.
FUNCTION 800: GENERAL GOVERNMENT
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Budget Authority......................................... $14.8 $13.6 $13.6 $13.6 $13.3
Outlays.................................................. 14.2 13.9 13.5 13.3 13.1
----------------------------------------------------------------------------------------------------------------
Function 900: Net Interest
FUNCTION SUMMARY
Net interest is the interest paid on the Federal public
debt, minus the interest income received. Function 900 is a
mandatory payment, with no discretionary components.
FUNCTION 900: NET INTEREST
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Budget Authority......................................... $244.0 $238.2 $231.4 $224.5 $219.1
Outlays.................................................. 244.0 238.2 231.4 224.5 219.1
----------------------------------------------------------------------------------------------------------------
Function 920: Allowances
FUNCTION SUMMARY
The Allowances function displays the budgetary effects of
proposals or assumptions that cannot be easily distributed
across other budget functions.
SUMMARY OF COMMITTEE-REPORTED RESOLUTION
For discretionary spending, the budget resolution calls for
-$0.5 billion in budget authority [BA] and -$0.5 billion in
outlays in fiscal year 1999, and -$12.3 billion in BA and
-$10.7 billion in outlays over 5 years. The resolution assumes
no mandatory budget authority or outlays in fiscal year 1999 or
over 5 years.
FUNCTION 920: ALLOWANCES
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Budget Authority......................................... -$0.5 -$0.9 -$2.9 -$3.2 -$3.2
Outlays.................................................. -0.5 -0.9 -2.9 -3.2 -3.2
----------------------------------------------------------------------------------------------------------------
Function 950: Undistributed Offsetting Receipts
FUNCTION SUMMARY
This function records offsetting receipts that are too
large to record in other budget functions. Such receipts are
either intrabudgetary (a payment from one Federal agency to
another, such as agency payments to the retirement trust funds)
or proprietary (a payment from the public for some type of
business transaction with the government). The main types of
receipts recorded as ``undistributed'' in this function are:
the payments Federal agencies make to retirement trust funds
for their employees, payments made by companies for the right
to explore and produce oil and gas on the Outer Continental
Shelf, and payments by those who bid for the right to buy or
use public property or resources, such as the electromagnetic
spectrum.
SUMMARY OF COMMITTEE-REPORTED RESOLUTION
There is no Discretionary spending in this function.
Mandatory spending in this function would be -$44.0 billion in
BA and -$44.0 billion in outlays in fiscal year 1999, and
-$236.2 billion in BA and -$236.2 billion in outlays over 5
years.
FUNCTION 950: UNDISTRIBUTED OFFSETTING RECEIPTS
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Budget Authority......................................... -$44.0 -$44.4 -$46.9 -$54.6 -$46.3
Outlays.................................................. -44.0 -44.4 -46.9 -54.6 -46.3
----------------------------------------------------------------------------------------------------------------
Revenues
This budget proposes to relieve families of one of the most
onerous forms of taxation--the marriage penalty.
The President's 1993 tax bill exacerbated the marriage
penalty by making permanent certain provisions of the tax code
that were supposed to be temporary, including the top marginal
tax rate of 39.6 percent and the phase-outs for personal
exemptions and certain credits. Where the marriage penalty
occurs, it punishes those who are trying to form stable
families--which are the basis of values and morals in the
Nation. At a time when promoting strong families is most
needed, the marriage penalty discourages the moral practice of
building families.
As noted earlier, taxes in this country are too high. The
Federal Government's tax collections are higher today--21
percent of Gross Domestic Product--than at any other time since
World War II. Government revenues are growing twice as fast as
wages.
REVENUES
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1999 2000 2001 2002 2003
----------------------------------------------------------------------------------------------------------------
Total Revenues........................................... $1,755.6 $1,788.8 $1,835.4 $1,906.0 $1,973.7
----------------------------------------------------------------------------------------------------------------
ADDITIONAL LANGUAGE
----------
Sense of Congress Language
Sections 7 through 11 of the budget resolution contain the
following Sense of Congress provisions.
Section 7--Sense of Congress on the Social Security Trust
Fund.
Section 8--Sense of Congress on the Assets for Independence
Act.
Section 9--Sense of Congress on a demonstration project on
clinical cancer trials.
Section 10--Sense of Congress on the interim payment system
for home health benefits under Medicare.
Section 11--Sense of Congress on the levels of Special
Education funding.
Additional Report Language
The Committee notes that one of the goals of the Balanced
Budget Act [BBA] of 1997 was to expand options for Medicare
beneficiaries under the new Medicare+Choice program. The new
Medicare payment formula in the BBA was intended to make these
choices available to all Americans. But the blending of rates
to create greater equity for rural and other lower-payment
areas was not implemented in 1998. The resolution assumes that
the functional totals reflect the maximum funding of the
blended rate as set forth in the Balanced Budget Act of 1997.
It is the goal of the Budget Committee to ultimately
balance the budget without relying on the practice of borrowing
from Social Security. We wish to emphasize this point so that
Americans realize both the unfinished task of balancing the
budget and the existence of an ongoing deficit in Federal
operations other than Social Security.
The Army Corps of Engineers carries out construction,
rehabilitation, and related activities for water resources
development projects. These projects have navigation, flood
control, water supply, hydroelectric, and other attendant
benefits to the Nation. Adequate funding of the Army Corps of
Engineers is critical to the health and well-being of the
Nation's citizens and its economy. The budget resolution,
therefore, assumes funding for the Army Corps of Engineers will
be maintained at the 1998 level.
SUMMARY TABLES
----------
TOTAL SPENDING AND REVENUES-
HOUSE BUDGET COMMITTEE RECOMMENDATION-
[In billions of dollars]-
----------------------------------------------------------------------------------------------------------------
Fiscal year--
----------------------------------------------------------------------------
1998 1999 2000 2001 2002 2003 1999-2003
----------------------------------------------------------------------------------------------------------------
SUMMARY
Total Spending:
Budget authority............... 1,673.4- 1,730.4- 1,775.7- 1,820.9- 1,858.4- 1,940.7- 9,126.1
Outlays........................ 1,657.0- 1,721.9- 1,767.6- 1,807.3- 1,858.4- 1,910.3- 9,036.5-
On-Budget:-
Budget authority-.......... 1,359.5- 1,408.8- 1,443.8- 1,477.5- 1,502.7- 1,571.4- 7,404.2-
Outlays.................... 1,343.1- 1,400.3- 1,435.7- 1,463.9- 1,473.7- 1,541.0- 7,314.6-
Off-Budget:-
Budget authority-.......... 313.9- 321.6- 331.9- 343.4- 355.7- 369.3- 1,721.9-
Outlays-................... 313.9- 321.6- 331.9- 343.4- 355.7- 369.3- 1,721.9-
Revenues, Total.................... 1,709.7- 1755.6- 1788.8- 1835.4- 1906.0- 1973.7- 9259.5-
On-Budget--.................... 1,292.4- 1,317.4- 1,331.0- 1358.3- 1408.1- 1452.9- 6867.7-
Off-Budget--................... 417.3- 438.2- 457.8- 477.1- 497.9- 520.8- 2,391.8-
Surplus/Deficit (-), Total -....... 52.7- 33.7- 21.2- 28.1- 76.6- 63.4- 223.0-
On-Budget...................... -50.7- -82.9 -104.7 -105.6- -65.6 -88.1 -446.9-
Off-Budget..................... 103.4- 116.6 125.9 133.7 142.2 151.5- 669.9-
Debt Subject to Limit (end of year) 5,436.9- 5,597.0 5,777.2 5,957.2- 6,102.4- 6,269.4- NA
----------------------------------------------------------------------------------------------------------------
-BY FUNCTION
-National Defense (050):
Budget authority............... 267.4 270.5- 274.3- 280.8 288.6- 296.8- 1,411.0-
Outlays........................ 268.1- 265.5- 267.9- 269.6 272.1 279.8- 1,354.9-
International Affairs (150):
Budget authority-.............. 15.2- 14.2- 12.1- 12.3- 12.3- 12.2- 63.1-
Outlays-....................... 14.1- 13.8- 13.7- 12.9- 11.9- 11.3- 63.6-
General Science, Space & Technology
(250):
Budget authority............... 18.0- 17.9- 17.7- 17.8- 17.8- 17.8- 89.0-
Outlays........................ 17.7- 17.8- 17.8- 17.6- 17.7- 17.7- 88.6-
Energy (270):
Budget authority............... 0.5- 0.6- -0.3- -1.3- -6.1- -0.7- -7.8-
Outlays-....................... 1.0- 0.3- -0.2- -1.8- -6.6- -1.5- -9.8-
Natural Resources & Environment
(300):
Budget authority-.............. 24.2- 22.6- 21.0- 20.5- 20.5- 20.5- 105.09-
Outlays........................ 23.0- 22.8- 22.4- 21.6- 20.8- 20.5- 108.1-
Agriculture (350):
Budget authority............... 11.8 12.2- 11.7- 10.6- 10.4- 10.7- 55.6-
Outlays........................ 10.8- 10.5- 10.1- 9.0- 8.8- 9.1- 47.5-
Commerce & Housing Credit (370):
Total:
Budget authority........... 7.9- 4.4- 15.3- 13.9- 14.8- 14.2- 62.6-
Outlays.................... 1.3- 2.8- 10.2- 10.3- 11.4- 110.- 45.7-
On-Budget:-
Budget authority-.......... 7.3- 4.4- 14.9- 14.5- 14.8- 14.2- 62.8-
Outlays.................... 0.7 2.8- 9.8- 10.9- 11.4- 11.0- 45.9-
Off-Budget:-
Budget authority-.......... 0.6- 0.0- 0.4- -0.6- 0.0- 0.0- -0.2-
Outlays.................... 0.6- 0.0- 0.4- -0.6- 0.0- 0.0- -0.2-
Transportation (400):
Budget authority-.............. 46.0- 44.3- 43.6- 43.6- 43.1- 43.7- 218.3-
Outlays-....................... 42.5- 42.1- 41.6- 41.3- 40.2- 40.6- 205.8
Community & Regional Development:
Budget authority............... 8.7 8.7- 7.3- 6.8- 6.2- 6.2- 35.2-
Outlays........................ 11.2- 10.6- 9.1- 8.2- 7.4- 6.6- 41.9-
Education, Training, Employment, &
Social Services (500):
Budget authority............... 61.3- 61.4- 62.3- 63.3- 63.2- 65.6- 315.8-
Outlays........................ 56.1- 60.2- 61.3- 62.0- 61.8- 63.9- 309.2-
Health (550):
Budget authority-.............. 136.2- 143.8- 149.9- 155.9- 162.8- 171.2- 783.6-
Outlays........................ 132.0- 142.3- 149.5- 155.6- 163.6- 172.0- 783.0-
Medicare (570):
Budget authority............... 199.2 209.6- 220.5- 237.5 248.7- 270.2- 1,186.5-
Outlays -...................... 199.7- 210.1- 219.8- 240.4- 246.3- 270.4- 1,187.0-
Income Security (600):
Budget authority............... 229.5- 243.8- 256.8- 267.2- 277.4- 287.8- 1,333.0-
Outlays-....................... 234.7- 247.6- 258.2- 267.0- 274.5- 284.0- 1,331.3-
Social Security (650):--
Total:-
Budget authority........... 378.9- 394.7- 411.9- 430.9- 451.9- 474.4- 2,163.8-
Outlays.................... 379.1- 394.9- 412.0- 430.9- 451.9- 474.4- 2,164.1-
On-Budget:-
Budget authority........... 12.0- 12.6- 13.1- 12.6- 14.5- 15.3- 68.1-
Outlays.................... 12.2- 12.8- 13.2- 12.6- 14.5- 15.3- 68.4-
Off-Budget:
Budget authority........... 366.9- 382.1- 398.8- 418.3- 437.4- 459.1- 2,095.7-
Outlays.................... 366.9- 382.1- 398.8- 418.3- 437.4- 459.1- 2,095.7-
Veterans Benefits & Services (700):
Budget authority............... 42.6- 42.4- 43.0- 43.5- 43.9- 44.8- 217.59-
Outlays........................ 42.5- 42.9- 43.3- 43.7- 44.2- 45.2- 219.31-
Administration of Justice (750):
Budget authority............... 25.1 25.0- 23.3- 22.7- 22.6- 22.5- 116.1-
Outlays........................ 22.5- 24.0- 24.1- 23.9- 23.4- 22.6- 118.0-
General Government (800):-
Budget authority--............. 14.5- 14.8- 13.6- 13.6- 13.6- 13.3- 68.9-
Outlays-....................... 14.3- 14.2- 13.9- 13.5- 13.3- 13.1- 68.0-
Net Interest (900):--
Total:-
Budget authority........... 244.2- 244.0- 238.2- 231.4- 224.5- 219.1- 1,157.2-
Outlays.................... 244.2- 244.0- 238.2- 231.4- 224.5- 219.1- 1,157.2-
On-Budget:-
Budget authority........... 290.7- 296.8- 297.2- 296.8- 296.6- 298.5- 1,485.9-
Outlays.................... 290.7- 296.8- 297.2- 296.8- 296.6- 298.5- 1,485.9-
Off-Budget:-
Budget authority........... -46.5- -52.8- -59.0- -65.4- -72.1- -79.4 -328.7-
Outlays.................... -46.5- -52.8- -59.8- -65.4- -72.1- -79.4- -328.7-
Allowances (920):
Budget authority............... -14.0- -0.5 - -2.1- -3.2- -3.2- -3.3- -12.3-
Outlays........................ -14.0- -0.5- -0.9- -2.9- -3.2- -3.2- -10.7-
Undistributed Offsetting Receipts
(950):
Total:
Budget authority-.......... -43.8- -44.0- -44.4- -46.9- -54.6- -46.3- -236.2-
Outlays.................... -43.8- -44.0- -44.4 -46.9- -54.6- -46.3- -236.2-
On Budget:
Budget authority........... -36.7- -36.3- -36.1- -38.0- -45.0- -35.9- -191.3-
Outlays.................... -36.7- -36.3- -36.1- -38.0- -45.0 -35.9- -191.3-
Off-Budget:-
Budget authority........... -7.1- -7.7- -8.3- -8.9- -9.6- -10.4- -44.9-
Outlays.................... -7.1- -7.7- -8.3- -8.9- -9.6- -10.4- -44.9-
----------------------------------------------------------------------------------------------------------------
DISCRETIONARY SPENDING
HOUSE BUDGET COMMITTEE RECOMMENDATION
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
Fiscal year--
----------------------------------------------------------------------
1998 1999 2000 2001 2002 2003 1999-2003
----------------------------------------------------------------------------------------------------------------
SUMMARY
Total Spending:
Budget authority..................... 527.9- 531.0- 527.1- 529.1- 536.9- 546.4- 2,670.5
Outlays.............................. 557.6 560.8- 561.1 554.4- 550.3- 554.7- 2,781.3
Defense Spending:
Budget authority..................... 268.6 271.6 275.4 281.9 289.6 297.8 1,416.3
Outlays.............................. 269.2 266.6 269.0 270.7 273.1 280.8 1,360.2
Nondefense Spending:
Budget authority..................... 259.3 259.4 251.7 247.2 247.3 248.6 1,254.2-
Outlays.............................. 288.4 294.2 292.1 283.7 277.2 273.9 1,421.1
----------------------------------------------------------------------------------------------------------------
BY FUNCTION
National Defense (050):---
Budget authority..................... 268.6 271.6 275.4 281.9 289.6 297.8 1,416.3-
Outlays.............................. 269.2- 266.6 269.0- 270.7 273.1- 280.8 1,360.2-
International Affairs (150):
Budget authority..................... 19.1 18.5 16.2 15.5 15.2- 15.0- 80.4
Outlays.............................. 18.7 18.2 17.7 16.8- 15.8- 15.0- 83.5
General Science, Space, & Technology
(250):
Budget authority..................... 17.9 17.9 17.7 17.7 17.8- 17.8 88.9
Outlays.............................. 17.6 17.8 17.7 17.6- 17.7 17.7 88.5
Energy (270):
Budget authority..................... 2.8 2.8 1.8- 1.8- 1.6- 1.5- 9.5
Outlays.............................. 3.9 3.3- 2.8 2.3 2.0 1.6 12.0
Natural Resources & Environment (300):
Budget authority..................... 23.2 22.0 20.4 20.1 20.2- 20.2- 102.9
Outlays.............................. 22.2 22.0 21.8 21.1- 20.6- 20.2- 105.7
Agriculture (350):
Budget authority-.................... 4.3- 4.3- 4.1- 4.1- 4.1- 4.1- 20.7-
Outlays.............................. 4.2- 4.3- 4.2- 4.1- 4.1- 4.1- 20.8-
Commerce & Housing Credit (370):
Budget authority..................... 3.0 3.9 4.7- 2.2- 2.1- 2.1- 15.0
Outlays.............................. 2.8 3.2- 4.7- 2.9- 2.4- 2.1- 15.3-
Transportation (400):
Budget authority..................... 13.7 12.6 12.2 12.2 12.2- 12.2- 61.4
Outlays.............................. 40.0 40.4 40.3 40.3- 40.0- 39.8- 200.8
Community & Regional Development (450):
Budget authority..................... 8.6 8.3 7.2- 6.9- 6.4- 6.5- 35.3
Outlays.............................. 11.4 10.7 9.5- 8.8- 8.1- 7.1- 44.2-
Education, Training, Employment, & Social
Services (500):
Budget authority..................... 46.4 47.3 47.4 47.6 47.9- 48.5- 238.7
Outlays.............................. 42.6 46.2 46.5 46.8- 47.0- 47.2- 233.7
Health (550):
Budget authority-.................... 26.4- 26.7- 26.5- 26.3- 26.1- 25.9- 131.5
Outlays.............................. 25.3 26.3 26.4 26.3- 26.1- 25.9- 131.0
Medicare (570):
Budget authority..................... 2.7- 2.7- 2.7- 2.7- 2.7- 2.7- 13.5-
Outlays.............................. 2.8- 2.8- 2.7- 2.7- 2.7- 2.7- 13.6
Income Security (600):
Budget authority-.................... 32.2- 33.7- 36.4- 37.4- 38.5- 39.7- 185.7
Outlays.............................. 40.6 41.2 41.2 39.8- 37.5- 37.9- 197.6
Social Security (650):
Budget authority-.................... 3.2- 3.2- 3.2- 3.2- 3.2- 3.2- 16.0
Outlays-............................. 3.3- 3.4- 3.3- 3.2- 3.2- 3.2- 16.3-
Veterans Benefits & Services (700):
Budget authority..................... 19.1- 19.1- 19.1- 19.1- 19.0- 19.3- 95.6
Outlays.............................. 19.1 19.6 19.2 19.1- 19.1- 19.3- 96.3
Administration of Justice (750):
Budget authority-.................... 24.2- 24.4- 22.9- 22.3- 22.3- 22.3- 114.2-
Outlays-............................. 21.5- 23.4- 23.7- 23.6- 23.1- 22.5- 116.3-
General Government (800):
Budget authority..................... 12.5 12.5 11.3 11.3 11.2- 10.9- 57.2-
Outlays.............................. 12.4 11.9 11.3 11.2- 11.0 10.8 56.2
Net Interest (900):
Budget authority..................... 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlays.............................. 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Allowances (920):
Budget authority..................... 0.0 -0.5 -2.1 -3.2 -3.2- -3.3- -12.3---
Outlays-............................. 0.0- -0.5- -0.9- -2.9- -3.2- -3.2- -10.7-
Undistributed Offsetting Receipts (950):
Budget authority..................... 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlays.............................. 0.0 0.0 0.0 0.0 0.0 0.0 0.0
----------------------------------------------------------------------------------------------------------------
MANDATORY SPENDING-
HOUSE BUDGET COMMITTEE RECOMMENDATION-
[In billions of dollars]-
----------------------------------------------------------------------------------------------------------------
Fiscal year--
----------------------------------------------------------------------
1998 1999 2000 2001 2002 2003 1999-2003
----------------------------------------------------------------------------------------------------------------
SUMMARY
Total Spending:
Budget authority..................... 1,145.5 1,199.3 1,248.8 1,291.7 1,321.4 1,394.4 6,455.6
Outlays.............................. 1,099.4 1,161.2 1,206.6 1,252.5 1,279.0 1,355.4 6,254.7
Defense Spending:
Budget authority..................... -1.2 -1.1 -1.1 -1.1 -1.0 -1.0 -5.3-
Outlays.............................. -1.1 -1.1 -1.1 -1.1 -1.0 -1.0 -5.3-
Nondefense Spending:
Budget authority..................... 902.5 1,200.4 1,249.9 1,292.8 1,322.4 1,395.4 6,460.9-
Outlays.............................. 1,100.5 1,162.3 1,207.7 1,253.6 1,280.0 1,356.4 6,260.0
----------------------------------------------------------------------------------------------------------------
-BY FUNCTION
National Defense (050):
Budget authority..................... -1.2 -1.1 -1.1 -1.1 -1.0 -1.0 -5.3-
Outlays.............................. -1.1 -1.1 -1.1 -1.1 -1.0 -1.0 -5.3-
International Affairs (150):
Budget authority..................... -3.8 -4.3 -4.0 -3.1 -2.9 -2.8 -17.1-
Outlays.............................. -4.6 -4.4 -4.0 -4.0 -3.9 -3.7 -20.0-
General Science, Space, & Technology
(250):
Budget authority..................... 0.0 0.0 0.0 0.0 0.0 0.0 0.0-
Outlays.............................. 0.0 0.0 0.0 0.0 0.0 0.0 0.0-
Energy (270):
Budget authority..................... -2.3 -2.2 -2.1 -3.2 -7.8 -2.2 -17.5-
Outlays.............................. -2.9 -3.1 -2.9 -4.1 -8.6 -3.1 -21.8-
Natural Resources & Environment (300):
Budget authority..................... 1.0- 0.6- 0.6- 0.4- 0.3- 0.3- 2.2-
Outlays.............................. 0.9- 0.8- 0.6- 0.5- 0.2- 0.3- 2.4-
Agriculture (350):---
Budget authority..................... 7.5- 7.9- 7.6- 6.4- 6.3- 6.6- 34.8-
Outlays-............................. 6.6- 6.2- 5.9- 4.8- 4.6- 4.9- 26.4-
Commerce & Housing Credit (370):---
Budget authority..................... 4.9- 0.5- 10.6- 11.7- 12.7- 12.1- 47.6-
Outlays-............................. -1.6- -0.4- 5.5- 7.4- 9.0- 8.9- 30.4-
On-Budget:-
Budget authority................. 4.3- 0.5- 10.2- 12.3- 12.7- 12.1- 47.8- ---
Outlays.......................... -2.2- -0.4- 5.1- 8.0- 9.0- 8.9- 30.6- --
Off-Budget:-
Budget authority................. 0.6- 0.0- 0.4- -0.6- 0.0- 0.0- -0.2- ---
Outlays.......................... 0.6- 0.0- 0.4- -0.6- 0.0- 0.0- -0.2-
Transportation (400):---
Budget authority..................... 32.3- 31.6- 31.4- 31.4- 30.9- 31.5- 156.8- ---
Outlays.............................. 2.6- 1.7- 1.3- 0.9- 0.3- 0.8- 5.0-
Community & Regional Development:---
Budget authority..................... 0.1- 0.4- 0.2- -0.1- -0.1- -0.2- 0.2-
Outlays.............................. -0.2- -0.1- -0.4- -0.6- -0.7- -0.5- -2.3-
Education, Training, Employment, & Social
Services (500):
Budget authority..................... 14.9- 14.1- 15.0- 15.7- 15.4- 17.1- 77.3- ---
Outlays.............................. 13.6- 14.0- 14.9- 15.2- 14.9- 16.6- 75.6-
Health (550):---
Budget authority..................... 109.8- 117.1- 123.4- 129.6- 136.7- 145.3- 652.1- ---
Outlays.............................. 106.7- 116.0 123.1- 129.2- 137.5- 146.1- 651.9-
Medicare (570):---
Budget authority..................... 196.5- 206.9- 217.8- 234.8- 245.9- 267.5- 1,172.9- -
--
Outlays.............................. 196.9- 207.4- 217.1- 237.6- 243.6- 267.7- 1,173.4-
Income Security (600):---
Budget authority..................... 197.3 210.1- 220.3- 229.9- 238.9- 248.1- 1,147.3--
-
Outlays.............................. 194.2 206.3 217.0 227.3 236.9 246.1 1,133.6
Social Security (650):
Budget authority..................... 375.7 391.5 408.7 427.7 448.7 471.2 2,147.8 --
-
Outlays-............................. 375.7 391.5- 408.7 427.7 448.7 471.2 2,147.8 --
On-Budget:
Budget authority................. 8.8- 9.4- 9.9- 9.4- 11.3- 12.1- 52.1- ---
Outlays-......................... 8.8- 9.4- 9.9- 9.4- 11.3- 12.1- 52.1- --
Off-Budget:
Budget authority................. 366.9- 382.1- 398.8- 418.3- 437.4- 459.1- 2,095.7 --
-
Outlays-......................... 366.9- 382.1- 398.8- 418.3- 437.4- 459.1- 2,095.7-
Veterans Benefits & Services (700):---
Budget authority..................... 23.5- 23.3- 23.9- 24.4- 24.8- 25.5- 121.9- ---
Outlays-............................. 23.4- 23.4- 24.1- 24.6- 25.1- 25.9- 123.1
Administration of Justice (750):---
Budget authority..................... 0.9- 0.6- 0.4- 0.4- 0.3- 0.2- 1.9- ---
Outlays-............................. 0.9- 0.6- 0.4- 0.3- 0.2- 0.1- 1.6-
General Government (800):---
Budget authority..................... 2.0- 2.3- 2.3- 2.3- 2.4- 2.4- 11.7- ---
Outlays-............................. 1.9- 2.4- 2.6- 2.3- 2.3- 2.3- 11.9-
Net Interest (900):
Budget authority..................... 244.2- 244.0- 238.2- 231.4- 224.5 219.1- 1,157.2- -
--
Outlays-............................. 244.2- 244.0- 238.2- 231.4- 224.5- 219.1- 1,157.2- -
-
On-Budget:
Budget authority................. 290.7- 296.8- 297.2- 296.8- 296.6- 298.5- 1,485.9-
Outlays-......................... 290.7- 296.8- 297.2- 296.8- 296.6- 298.5- 1,485.9--
Off-Budget:
Budget authority................. -46.5- -52.8- -59.0- -65.4- -72.1- -79.4- -328.7- --
-
Outlays.......................... -46.5- -52.8- -59.0- -65.4- -72.1- -79.4- -328.7-
Allowances (920):---
Budget authority..................... -14.0- 0.0- 0.0- 0.0- 0.0- 0.0- 0.0- ---
Outlays.............................. -14.0- 0.0- 0.0- 0.0- 0.0- 0.0- 0.0-
Undistributed Offsetting Receipts (950):
Budget authority..................... -43.8- -44.0- -44.4- -46.9- -54.6- -46.3- -236.2
Outlays.............................. -43.8- -44.0- -44.4- -46.9- -54.6- -46.3- -236.2 --
On-Budget:
Budget authority................. -36.7- -36.3- -36.1- -38.0- -45.0- -35.9- -191.3- --
-
Outlays.......................... -36.7- -36.3- -36.1- -38.0- -45.0- -35.9- -191.3- --
Off-Budget:
Budget authority................. -7.1- -7.7- -8.3- -8.9- -9.6- -10.4- -44.9- ---
Outlays.......................... -7.1- -7.7- -8.3- -8.9- -9.6- -10.4- -44.9-
----------------------------------------------------------------------------------------------------------------
TAX EXPENDITURE ESTIMATES BY BUDGET FUNCTION, FISCAL YEARS 1998-2002
[Billions of Dollars]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Corporations Individuals
Function ---------------------------------------------------------------------------------------------------- Total
1998 1999 2000 2001 2002 1998 1999 2000 2001 2002 1998-02
--------------------------------------------------------------------------------------------------------------------------------------------------------
National Defense
Exclusion of benefits and allowances
to Armed Forces personnel............ ........ ........ ........ ........ ........ 1.9 1.9 1.9 2.0 2.0 9.7
Exclusion of military disability
benefits............................. ........ ........ ........ ........ ........ 0.1 0.1 0.1 0.1 0.1 0.5
International Affairs
Exclusion of income earned abroad by
U.S. citizens........................ ........ ........ ........ ........ ........ 1.8 1.9 2.0 2.2 2.3 10.2
Exclusion of certain allowances for
Federal employees abroad............. ........ ........ ........ ........ ........ 0.2 0.2 0.2 0.2 0.2 1.0
Exclusion of income of foreign sales
corporations (FSCs).................. 1.6 1.7 1.9 2.0 2.1 ........ ........ ........ ........ ........ 9.3
Deferral of income of controlled
foreign corporations................. 1.2 1.3 1.3 1.4 1.5 ........ ........ ........ ........ ........ 6.7
Inventory property sales source rule
exception............................ 3.8 3.9 4.0 4.1 4.2 ........ ........ ........ ........ ........ 20.0
General Science, Space, and Technology
Tax credit for qualified research
expenditures......................... 1.6 1.1 0.7 0.4 0.1 (\1\) (\1\) (\1\) (\1\) (\1\) 3.9
Expensing of research and experimental
expenditures......................... 2.6 2.8 3.0 3.2 3.4 (\1\) (\1\) (\1\) (\1\) (\1\) 15.0
Energy
Expensing of exploration and
development costs:
Oil and gas....................... 0.2 0.2 0.2 0.2 0.2 (\1\) (\1\) (\1\) (\1\) (\1\) 1.0
Other fuels....................... (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) 0.2
Excess of percentage over cost
depletion:
Oil and gas....................... 0.4 0.4 0.4 0.4 0.4 0.1 0.1 0.1 0.1 0.1 2.4
Other fuels....................... 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 1.5
Tax credit for enhanced oil recovery
costs................................ (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) 0.3
Tax credit for production of non-
conventional fuels................... 1.1 1.1 1.1 1.0 1.0 0.3 0.3 0.3 0.3 0.2 6.7
Tax credits for alcohol fuels \2\..... (\1\) (\1\) (\1\) (\1\) (\1\) ........ ........ ........ ........ ........ (\1\)
Exclusion of interest on State and
local government industrial
development bonds for energy
production facilities................ 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 01. 0.1 1.2
Expensing of tertiary injectants...... (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) 0.1
Exclusion of energy conservation
subsidies provided by public
utilities............................ ........ ........ ........ ........ ........ (\1\) (\1\) (\1\) (\1\) (\1\) 0.2
Tax credit for investments in solar
and geothermal energy facilities..... 0.1 0.1 0.1 0.1 0.1 (\1\) (\1\) (\1\) (\1\) (\1\) 0.5
Tax credit for electricity production
from wind and biomass................ (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) 0.3
Tax credit for electric vehicles...... (\1\) (\1\) 0.1 0.1 0.1 (\1\) (\1\) (\1\) (\1\) (\1\) 0.3
Deductions for clean-fuel vehicles and
refueling property................... (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) 0.1
Natural Resources and Environment
Expensing of exploration and
development costs, nonfuel minerals.. (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) 0.1
Excess of percentage over cost
depletion, nonfuel minerals.......... 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 1.5
Tax credit and 7-year amortization for
reforestation expenditures........... (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) 0.1
Expensing of multiperiod timber-
growing costs........................ 0.2 0.2 0.2 0.2 0.2 (\1\) (\1\) (\1\) (\1\) (\1\) 1.1
Exclusion of interest on State and
local government sewage, water, and
hazardous waste facilities bonds..... 0.2 0.2 0.2 0.2 0.2 0.6 0.6 0.6 0.6 0.6 3.7
Tax credit for rehabilitation of
historic structures.................. 0.1 0.1 0.1 0.1 0.1 ........ ........ ........ ........ ........ 0.5
Special rules for mining reclamation
reserves............................. (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) 0.2
Exclusion of contributions in aid of
construction for water and sewer
utilities............................ (\1\) (\1\) (\1\) (\1\) (\1\) ........ ........ ........ ........ ........ 0.2
Agriculture
Expensing of soil and water
conservation expenditures............ (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) 0.2
Expensing of fertilizer and soil
conditioner costs.................... (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) 0.2
Expensing of the costs of raising
dairy and breeding cattle............ (\1\) (\1\) (\1\) (\1\) (\1\) 0.1 0.1 0.2 0.2 0.2 0.8
Exclusion of cost-sharing payments.... (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) 0.1
Exclusion of cancellation of
indebtedness income of farmers....... ........ ........ ........ ........ ........ 0.1 0.1 0.1 0.1 0.1 0.4
Cash accounting for agriculture....... (\1\) 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 1.2
Income averaging for farmers.......... ........ ........ ........ ........ ........ (\1\) (\1\) (\1\) (\1\) (\1\) 0.1
Commerce and Housing
Financial institutions:
Bad-debt reserves of financial
institutions..................... (\1\) (\1\) (\1\) (\1\) (\1\) ........ ........ ........ ........ ........ 0.1
Exemption of credit union income.. 0.8 0.8 0.9 0.9 1.0 ........ ........ ........ ........ ........ 4.4
Insurance companies:
Exclusion of investment income on
life insurance and annuity
contracts........................ 1.2 1.2 1.3 1.3 1.3 20.9 21.5 22.0 22.5 23.1 116.2
Small life insurance company
taxable income adjustment........ 0.1 0.1 0.1 0.1 0.1 ........ ........ ........ ........ ........ 0.5
Special treatment of life
insurance company reserves....... 1.9 2.0 2.1 2.3 2.4 ........ ........ ........ ........ ........ 10.8
Deduction for unpaid property loss
reserves for property and
casualty insurance companies..... 2.8 3.0 3.1 3.3 3.5 ........ ........ ........ ........ ........ 15.7
Special deduction for Blue Cross
and Blue Shield companies........ 0.4 0.4 0.4 0.4 0.3 ........ ........ ........ ........ ........ 1.9
Housing:
Deduction for mortgage interest on
owner-occupied residences........ ........ ........ ........ ........ ........ 43.0 44.7 46.4 48.3 50.2 232.6
Deduction for property taxes on
owner-occupied residences........ ........ ........ ........ ........ ........ 16.6 17.3 17.9 18.7 19.5 89.9
Exclusion of capital gains on
sales of principal residences.... ........ ........ ........ ........ ........ 5.6 5.7 5.9 6.1 6.3 29.6
Exclusion of interest on State and
local government bonds for owner-
occupied housing................. 0.6 0.6 0.7 0.7 0.7 1.6 1.7 1.8 1.9 1.9 12.2
Exclusion of interest on State and
local government bonds for rental
housing.......................... 0.3 0.3 0.3 0.3 0.3 0.8 0.8 0.9 0.9 0.9 5.8
Depreciation of rental housing in
excess of the alternative
depreciation system.............. 1.0 1.0 1.0 1.0 1.0 0.8 0.7 0.7 0.7 0.7 8.7
Tax credit for low-income housing. 1.1 1.2 1.4 1.5 1.6 2.1 2.3 2.5 2.8 3.0 19.6
Tax credit for first-time
homebuyers in the District of
Columbia (sunsets taxable years
beginning after 12/31/00)........ ........ ........ ........ ........ ........ (\1\) (\1\) (\1\) (\1\) (\1\) 0.1
Other business and commerce:
Reduced rates of tax on long-term
capital gains.................... ........ ........ ........ ........ ........ 30.8 29.4 29.0 38.8 35.0 163.1
Depreciation of buildings other
than rental housing in excess of
the alternative depreciation
system........................... 2.6 1.9 1.5 1.2 1.2 1.1 0.9 0.7 0.5 0.5 12.1
Depreciation of equipment in
excess of the alternative
depreciation system.............. 25.3 26.9 28.2 28.8 29.0 6.8 7.4 7.8 7.8 7.7 175.7
Expensing of depreciable business
property......................... 0.7 0.6 0.6 0.8 0.8 0.4 0.3 0.3 0.4 0.5 5.4
Exclusion of capital gains at
death............................ ........ ........ ........ ........ ........ 18.0 19.2 20.5 21.9 23.4 103.0
Carryover basis of capital gains
on gifts......................... ........ ........ ........ ........ ........ 1.8 1.9 1.9 2.0 2.1 9.7
Amortization of business startup
costs............................ (\1\) (\1\) (\1\) (\1\) (\1\) 0.3 0.3 0.3 0.3 0.3 1.6
Reduced rates on first $10,000,000
of corporate taxable income...... 4.2 4.3 4.4 4.5 4.7 ........ ........ ........ ........ ........ 22.1
Permanent exemption from imputed
interest rules................... (\1\) (\1\) (\1\) (\1\) (\1\) 0.2 0.2 0.2 0.2 0.2 1.1
Expensing of magazine circulation
expenditures..................... (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) 0.2
Special rules for magazine,
paperback book, and record
returns.......................... (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) 0.1
Deferral of gain on non-dealer
installment sales................ 0.5 0.5 0.5 0.5 0.5 0.4 0.4 0.4 0.4 0.4 4.5
Completed contract rules.......... 0.2 0.2 0.2 0.2 0.2 (\1\) (\1\) (\1\) (\1\) (\1\) 1.1
Cash accounting, other than
agriculture...................... (\1\) (\1\) (\1\) (\1\) (\1\) 0.1 0.1 0.1 0.1 0.1 0.6
Exclusion of interest on State and
local government small-issue
industrial development bonds..... 0.1 0.1 0.1 0.1 0.1 0.3 0.3 0.2 0.2 0.2 1.7
Deferral of gain on like-kind
exchanges........................ 0.4 0.4 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.3 3.5
Exception from net operating loss
limitations for corporations in
bankruptcy proceedings........... 0.5 0.5 0.5 0.5 0.4 ........ ........ ........ ........ ........ 2.4
Tax credit for employer-paid FICA
taxes on tips.................... 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 1.4
Deferral of gain on involuntary
conversions resulting from
Presidentially-declared disasters ........ ........ ........ ........ ........ (\1\) (\1\) (\1\) (\1\) (\1\) 0.1
Transportation
Deferral of tax on capital
construction funds of shipping
companies............................ 0.1 0.1 0.1 0.1 0.1 ........ ........ ........ ........ ........ 0.5
Exclusion of employer-paid
transportation benefits.............. ........ ........ ........ ........ ........ 3.3 3.2 3.2 3.2 3.2 16.1
Exclusion of interest on State and
local government bonds for high-speed
rail................................. (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) 0.1
Community and Regional Development
Empowerment zone tax incentives....... 0.2 0.2 0.3 0.4 0.3 0.2 0.3 0.4 0.4 0.3 3.0
District of Columbia tax incentives... (\1\) (\1\) 0.1 0.1 0.1 (\1\) 0.1 0.1 0.1 0.1 0.6
Indian reservation tax incentives..... 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.1 0.1 1.4
Expensing of redevelopment costs in
certain environmentally contaminated
areas (``Brownfields'').............. (\1\) 0.1 0.1 0.1 (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) 0.4
Tax credit for rehabilitation of
structures, other than historic
structures........................... (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) 0.4
Exclusion of interest on State and
local government bonds for private
airports, docks, and mass-commuting
facilities........................... 0.3 0.3 0.4 0.4 0.4 0.8 0.9 1.0 1.1 1.0 6.6
Education, Training, Employment, and
Social Services
Education and training:
Tax credits for tuition for post-
secondary education.............. ........ ........ ........ ........ ........ 6.2 6.3 7.2 7.7 7.6 35.1
Deduction for interest on student
loans............................ ........ ........ ........ ........ ........ (\1\) 0.1 0.1 0.2 0.3 0.7
Exclusion of earnings of trust
accounts for higher education
(``education IRAs'')............. ........ ........ ........ ........ ........ 0.2 0.5 0.7 0.8 1.1 3.3
Exclusion of interest on
educational savings bonds........ ........ ........ ........ ........ ........ (\1\) (\1\) (\1\) (\1\) (\1\) 0.1
Deferral of tax on earnings of
qualified State tuition programs. ........ ........ ........ ........ ........ (\1\) 0.1 0.1 0.2 0.2 0.7
Exclusion of scholarship and
fellowship income................ ........ ........ ........ ........ ........ 0.8 0.9 0.9 1.0 1.1 4.6
Exclusion of employer-provided
education assistance benefits.... ........ ........ ........ ........ ........ 0.2 0.3 0.2 0.1 ........ 0.8
Parental personal exemption for
students age 19 to 23............ ........ ........ ........ ........ ........ 0.8 0.9 0.9 1.0 1.1 4.7
Exclusion of interest on State and
local government student loan
bonds............................ 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 1.6
Exclusion of interest on State and
local government bonds for
private nonprofit educational
facilities....................... 0.3 0.3 0.3 0.4 0.4 0.8 0.8 0.9 1.0 1.0 6.2
Tax credit for holders of
qualified education bonds........ (\1\) 0.1 0.1 0.1 0.1 ........ ........ ........ ........ ........ 0.4
Deduction for charitable
contributions to educational
institutions..................... 0.9 1.0 1.1 1.2 1.4 2.6 2.7 2.8 2.9 3.0 19.6
Employment:
Exclusion of employee meals and
lodging (other than military).... ........ ........ ........ ........ ........ 0.7 0.7 0.8 0.8 0.8 3.8
Exclusion of benefits provided
under cafeteria plans \3\........ ........ ........ ........ ........ ........ 5.7 6.5 7.2 7.9 8.7 35.9
Exclusion of rental allowances for
ministers' homes................. ........ ........ ........ ........ ........ 0.3 0.3 0.3 0.4 0.4 1.7
Exclusion of miscellaneous fringe
benefits......................... ........ ........ ........ ........ ........ 5.8 6.2 6.5 6.9 7.3 32.7
Exclusion of employee awards...... ........ ........ ........ ........ ........ 0.1 0.1 0.1 0.1 0.1 0.7
Exclusion of income earned by
voluntary employees' beneficiary
associations..................... ........ ........ ........ ........ ........ 0.5 0.5 0.5 0.6 0.6 2.7
Special tax provisions for
employee stock ownership plans
(ESOPs).......................... 0.8 0.8 0.9 0.9 1.0 (\1\) (\1\) (\1\) (\1\) (\1\) 4.6
Work opportunity tax credit....... 0.1 0.1 0.1 (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) 0.4
Welfare-to-work tax credit........ (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) 0.1
Social services:
Tax credit for children under age
17 \4\........................... ........ ........ ........ ........ ........ 11.6 19.3 20.3 20.2 19.9 91.4
Tax credit for child and dependent
care expenses.................... ........ ........ ........ ........ ........ 2.8 2.8 2.9 2.9 2.9 14.3
Exclusion of employer-provided
child care \5\................... ........ ........ ........ ........ ........ 0.9 1.0 1.1 1.2 1.2 5.4
Exclusion of certain foster care
payments......................... ........ ........ ........ ........ ........ (\1\) (\1\) (\1\) (\1\) (\1\) 0.1
Adoption credit and employee
adoption benefits exclusion...... ........ ........ ........ ........ ........ 0.4 0.4 0.4 0.4 0.2 1.7
Deduction for charitable
contributions, other than for
education and health............. 0.9 1.0 1.1 1.2 1.3 16.3 17.0 17.8 18.7 19.5 94.8
Expensing of costs for removing
architectural barriers........... (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) 0.1
Tax credit for disabled access
expenditures..................... (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) (\1\) 0.1
Health
Exclusion of employer contributions
for medical care, health insurance
premiums, and long-term care
insurance premiums \6\............... ........ ........ ........ ........ ........ 51.4 54.8 58.1 61.7 65.4 291.3
Exclusion of medical care and CHAMPUS/
TRICARE medical insurance for
military dependents, retirees, and
retiree dependents................... ........ ........ ........ ........ ........ 1.5 1.4 1.5 1.5 1.5 7.4
Deduction for health insurance
premiums and long-term care insurance
premiums by the self-employed........ ........ ........ ........ ........ ........ 0.8 0.9 1.0 1.1 1.4 5.2
Deduction for medical expenses and
long-term care expenses.............. ........ ........ ........ ........ ........ 4.4 4.9 5.3 5.9 6.5 27.1
Medical savings accounts.............. ........ ........ ........ ........ ........ (\1\) 0.1 0.1 0.2 0.2 0.6
Exclusion of interest on State and
local government bonds for private
nonprofit hospital facilities........ 0.5 0.6 0.6 0.7 0.7 1.5 1.6 1.7 1.9 1.9 11.7
Deduction for charitable contributions
to health organizations.............. 0.7 0.7 0.8 0.9 1.0 1.9 2.0 2.1 2.2 2.3 14.6
Tax credit for orphan drug research... (\1\) (\1\) (\1\) (\1\) (\1\) ........ ........ ........ ........ ........ 0.2
Medicare
Exclusion of untaxed medicare
benefits:
Hospital insurance................ ........ ........ ........ ........ ........ 13.4 14.9 16.5 18.3 20.2 83.2
Supplementary medical insurance... ........ ........ ........ ........ ........ 5.8 6.7 7.6 8.6 9.7 38.4
Income Security
Exclusion of workers' compensation
benefits............................. ........ ........ ........ ........ ........ 3.8 3.9 4.0 4.2 4.3 20.2
Exclusion of special benefits for
disabled coal miners................. ........ ........ ........ ........ ........ 0.1 0.1 0.1 0.1 0.1 0.5
Exclusion of cash public assistance
benefits............................. ........ ........ ........ ........ ........ 0.4 0.5 0.5 0.5 0.5 2.4
Net exclusion of pension contributions
and earnings:
Employer plans.................... ........ ........ ........ ........ ........ 73.5 76.7 80.0 79.9 78.7 388.8
Individual retirement plans....... ........ ........ ........ ........ ........ 9.9 10.8 11.9 13.0 14.3 59.9
Keogh plans....................... ........ ........ ........ ........ ........ 3.9 4.2 4.4 4.6 4.9 22.0
Exclusion of other employee benefits:
Premiums on group term life
insurance........................ ........ ........ ........ ........ ........ 1.9 1.9 2.0 2.1 2.1 10.0
Premiums on accident and
disability insurance............. ........ ........ ........ ........ ........ 0.2 0.2 0.2 0.2 0.2 1.0
Exclusion of employer-provided death
benefits............................. ........ ........ ........ ........ ........ (\1\) (\1\) (\1\) (\1\) (\1\) 0.2
Additional standard deduction for the
blind and the elderly................ ........ ........ ........ ........ ........ 2.0 2.2 2.3 2.5 2.6 11.6
Tax credit for the elderly and
disabled............................. ........ ........ ........ ........ ........ (\1\) (\1\) (\1\) (\1\) (\1\) 0.1
Deduction for casualty and theft
losses............................... ........ ........ ........ ........ ........ 0.3 0.3 0.3 0.3 0.3 1.5
Earned income credit (EIC) \7\........ ........ ........ ........ ........ ........ 5.2 5.2 5.3 5.5 5.9 27.2
Social Security and Railroad Retirement
Exclusion of untaxed social security
and railroad retirement benefits..... ........ ........ ........ ........ ........ 27.0 28.2 29.5 30.8 32.2 147.8
Veterans' Benefits and Services
Exclusion of veterans' disability
compensation......................... ........ ........ ........ ........ ........ 1.9 2.0 2.0 2.1 2.1 10.1
Exclusion of veterans' pensions....... ........ ........ ........ ........ ........ 0.1 0.1 0.1 0.1 0.1 0.5
Exclusion of GI bill benefits......... ........ ........ ........ ........ ........ 0.1 0.1 0.1 0.1 0.1 0.5
Exclusion of interest on State and
local government bonds for veterans'
housing.............................. (\1\) (\1\) (\1\) (\1\) (\1\) 0.1 0.1 0.1 0.1 0.1 0.5
General Purpose Fiscal Assistance
Exclusion of interest on public
purpose State and local government
debt................................. 4.3 4.5 5.1 5.4 5.6 11.7 12.2 13.7 14.7 15.2 92.4
Deduction for nonbusiness State and
local government income and personal
property taxes....................... ........ ........ ........ ........ ........ 29.1 30.2 31.3 32.5 33.8 156.8
Tax credit for Puerto Rico and
possession income.................... 3.4 3.7 3.9 4.0 3.6 ........ ........ ........ ........ ........ 18.6
Interest
Deferral of interest on savings bonds. ........ ........ ........ ........ ........ 1.5 1.5 1.5 1.5 1.5 7.5
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ Positive tax expenditure of less than $50 million.
\2\ In addition, the 54-cents-per-gallon exemption from excise tax for alcohol fuels results in a reduction in excise tax receipts, net of income tax
effect, of $0.5 billion per year in fiscal years 1998 through 2000, and $0.6 billion in fiscal years 2001 and 2002.
\3\ Estimate includes revenue losses from amounts of health insurance purchased through cafeteria plans and child care purchased through flexible
spending accounts. These amounts are also included in other line items in this table.
\4\ The figures in the table show the effect of the child credit on receipts. The increase in outlays is: $0.6 billion in 1998, $1.1 billion in 1999,
$1.1 billion in 2000, $1.1 billion in 2001, and $1.1 billion in 2002.
\5\ Estimate includes employer-provided child care purchased through dependent care flexible spending accounts.
\6\ Estimate includes employer-provided health insurance purchased through cafeteria plans.
\7\ The figures in the table show the effect of the EIC on receipts. The increase in outlays is: $21.7 billion in 1998, $22.5 billion in 1999, $23.4
billion in 2000, $24.4 billion in 2001, and $25.4 billion in 2002.
Note.--Details may not add to totals due to rounding.
Source: Joint Committee on Taxation.
REVENUE COMPARISONS
Table 1.--Comparison of Total Budget Revenues
[In billions of dollars]
Fiscal year: Amount
1993 actual-.............................................. 1,154.4
1994 actual-.............................................. 1,258.6
1995 actual-.............................................. 1,351.8
1996 actual-.............................................. 1,453.1
1997 actual-.............................................. 1,579.0
1998 estimated (CBO)-..................................... 1709.7
Fiscal year 1999:
Administration's request (February 1998).................. 1,742.7
Committee level........................................... 1,755.6
Fiscal year 2000:
Administration's request (February 1998).................. 1,793.6
Committee level........................................... 1,788.8
Fiscal year 2001:
Administration's request (February 1998).................. 1,862.6
Committee level........................................... 1,835.4
Fiscal year 2002:
Administration's request (February 1998).................. 1,949.3
Committee level-.......................................... 1,906.0
Fiscal year 2003:
Administration's request (February 1998).................. 2,028.2
Committee level........................................... 1,973.7
Table 2.--Comparison of On-Budget Revenues
[In billions of dollars]
Fiscal year: Amount
1993 actual-.............................................. 842.5
1994 actual-.............................................. 923.6
1995 actual-.............................................. 1,000.8
1996 actual-.............................................. 1,085.6
1997 actual-.............................................. 1,187.3
1998 estimated (CBO)...................................... 1,292.4
Fiscal year 1999:
Administration's request (February 1998).................. 1,308.6
Committee level........................................... 1,317.4
Fiscal year 2000:
Administration's request (February 1998).................. 1,339.7
Committee level........................................... 1,331.0
Fiscal year 2001:
Administration's request (February 1998).................. 1,389.9
Committee level........................................... 1,358.3
Fiscal year 2002:
Administration's request (February 1998)-................. 1,455.0
Committee level........................................... 1,408.1
Fiscal year 2003:
Administration's request (February 1998)----.............. 1,511.5
Committee level........................................... 1,453.0
TABLE 3.--CBO BASELINE REVENUES BY SOURCE UNDER PAST AND CURRENT LAW
[Includes on- and off-budget revenues, fiscal years, billions of dollars]--
----------------------------------------------------------------------------------------------------------------
Historical Projected
-----------------------------------------------------------------------------
1950 1960 1970 1980 1990 1999
----------------------------------------------------------------------------------------------------------------
Individual income tax............. 15.8- 40.7- 90.4- 244.1- 466.9- 791.6
Corporate income tax-............. 10.4- 21.5- 32.8- 64.6- 93.5- 200.0
Social Insurance tax and
contributions.................... 4.3- 14.7- 44.4- 157.8- 380.0- 600.0
Excises........................... 7.6- 11.7- 15.7- 24.3- 35.3- 69.3
Estate and gift taxes............. 0.7- 1.6- 3.6- 6.4- 11.5- 23.1
Custom duties..................... 0.4- 1.1- 2.4- 7.2- 16.7- 19.3
Miscellanous receipts............. 0.2- 1.2- 3.4- 12.7- 28.0- 35.3
-----------------------------------------------------------------------------
-----Total 1................ 39.4- 92.5- 192.8- 517.1- 1032.0 1738.5
=============================================================================
On-budget revenues-............... 37.3- 81.9- 159.3- 403.9- 750.3- 1300.2
Off-budget revenues 2............. 2.1- 10.6- 33.5- 113.2- 281.7- 438.2
----------------------------------------------------------------------------------------------------------------
1 Details may not add to totals due to rounding.---------
2 Social Security (OASDI) revenues.
Source: CBO March 1998 baseline revenues.
TABLE 4.--CBO BASELINE REVENUES SOURCE AS PERCENT OF GDP UNDER PAST AND CURRENT LAW
[Includes on- and off-budget revenues, fiscal years]
----------------------------------------------------------------------------------------------------------------
Historical Projected
-----------------------------------------------------------------------------
1950 1960 1970 1980 1990 1999
----------------------------------------------------------------------------------------------------------------
Individual income tax............. 5.8- 7.9- 9.0- 9.0- 8.2- 9.1
Corporate income tax.............. 3.8- 4.1- 3.3- 2.4- 1.6- 2.3
Social Insurance tax and
contributions.................... 1.6- 2.8- 4.4- 5.8- 6.7- 6.9
Excises........................... 2.8- 2.3- 1.6- 0.9- 0.6- 0.8
Estate and gift taxes............. 0.2- 0.3- 0.4- 0.2- 0.2- 0.3
Custom duties..................... 0.1- 0.2- 0.2- 0.3- 0.3- 0.2
Miscellanous receipts............. 0.1- 0.2- 0.3- 0.5- 0.5- 0.4
-----------------------------------------------------------------------------
-----Total 1................ 14.4- 17.8- 19.1- 19.0- 18.2- 19.9
=============================================================================
On-budget revenues................ 13.6- 15.8- 15.8- 14.9- 13.2- 14.9
Off-budget revenues 2............. 0.8- 2.1- 3.3- 4.2- 5.0- 5.0
----------------------------------------------------------------------------------------------------------------
1 Details may not add to totals due to rounding.---------
2 Social Security (OASDI) revenues.
Source: CBO March 1998 baseline revenues.
TOTAL SPENDING AND REVENUES
HOUSE BUDGET COMMITTEE RECOMMENDATION MINUS THE PRESIDENT'S REQUEST
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
Fiscal Year--
----------------------------------------------------------------------
1998 1999 2000 2001 2002 2003 1999-2003
----------------------------------------------------------------------------------------------------------------
SUMMARY
Total Spending:
Budget authority..................... 2.7 -25.8 -31.4 -42.7 -46.4 -53.5 -199.8
Outlays.............................. 0.6 -21.4 -30.9 -42.7 -61.4 -66.6 -223.0
On-Budget:
Budget authority................. 2.7 -25.7 -31.2 -42.5 -46.2 -53.3 -198.9
Outlays.......................... 0.6 -21.3 -30.7 -42.5 -62.0 -68.1 -224.6
Off-Budget:
Budget authority................. 0.0 -0.1 -0.2 -0.2 -0.2 -0.2 -0.9
Outlays.......................... 0.0 -0.1 -0.2 -0.2 0.6 1.5 1.6
Revenues, Total.......................... -0.1 -16.7 -25.4 -37.4 -45.7 -55.6 -180.8
Surplus/Deficit, Total................... -0.7 -4.7 5.5 5.3 15.7 11.0 42.2
Debt Subject to Limit (end of year)...... 5436.9 5597.0 5777.2 5957.2 6102.4 6269.4 NA
----------------------------------------------------------------------------------------------------------------
BY FUNCTION
National Defense (050):
Outlays.............................. 0.0 -3.6 -4.2 -1.1 -7.1 -8.9 -24.9
Budget authority..................... 0.0 -0.4 -1.4 -2.8 1.7 -0.1 -3.0
International Affairs (150):
Budget authority..................... 0.0 -1.7 -3.1 -3.5 -3.7 -3.8 -15.8
Outlays.............................. 0.0 -0.7 -1.6 -2.4 -3.3 -3.9 -11.9
General Science, Space & Technology
(250):
Budget authority..................... 0.0 -0.6 -0.8 -1.0 -1.2 -1.3 -4.9
Outlays.............................. 0.0 -0.3 -0.6 -0.8 -1.0 -1.2 -3.9
Energy (270):
Budget authority..................... 0.0 -0.8 -1.4 -2.3 -7.0 -1.5 -13.0
Outlays.............................. 0.0 -0.4 -0.7 -2.1 -6.7 -1.4 -11.3
Natural Resources & Environment (300):
Budget authority..................... 0.0 -1.1 -2.3 -2.2 -2.3 -2.5 -10.4
Outlays.............................. 0.0 -0.8 -1.7 -2.2 -2.2 -2.5 -9.4
Agriculture (350):
Budget authority..................... 0.0 0.0 0.1 0.2 0.1 0.2 0.6
Outlays.............................. 0.0 0.0 0.0 0.2 0.1 0.2 0.5
Commerce & Housing Credit (370):
Total:
Budget authority................. 0.0 0.3 -0.2 -0.6 -0.6 -0.6 -1.7
Outlays.......................... -0.2 -0.1 -0.0 0.2 -0.1 -0.4 -0.4
On-Budget:
Budget authority................. 0.0 0.3 -0.2 -0.6 -0.6 -0.6 -1.7
Outlays.......................... -0.2 -0.1 0.0 0.2 -0.9 -2.1 -2.9
Off-Budget:
Budget authority................. 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlays.......................... 0.0 0.0 0.0 0.0 0.8 1.7 2.5
Transportation (400):
Budget authority..................... 1.9 0.4 -0.6 -0.9 -1.4 -2.7 -5.2
Outlays.............................. 0.0 -1.4 -2.6 -3.4 -4.2 -5.0 -16.6
Community & Regional Development (450):
Budget authority..................... 0.0 -3.4 -1.3 -1.5 -2.9 -2.0 -10.1
Outlays.............................. 0.0 -0.5 -1.5 -2.0 -1.9 -2.4 -8.3
Education, Training, Employment, & Social
Services (500):
Budget authority..................... 0.6 -4.4 -3.5 -3.9 -3.9 -3.4 -19.1
Outlays.............................. 0.6 -1.0 -3.3 -4.3 -4.5 -4.5 -17.6
Health (550):
Budget authority..................... 0.2 -1.6 -3.1 -6.0 -7.5 -11.7 -29.9
Outlays.............................. 0.2 -0.8 -2.3 -5.4 -6.5 -9.8 -24.8
Medicare (570):
Budget authority..................... 0.0 -0.6 -1.4 -2.0 -0.7 -3.3 -8.0
Outlays.............................. 0.0 -0.6 -1.3 -