SUMMARY TABLES - Union Collegeminerva.union.edu/motahare/Eco352/Budget 2011 Summary...The...

145

SUMMARY TABLES

146 SUMMARY TABLES

Tab

le S

–1.

Bu

dge

t T

otal

s(I

n bi

llion

s of

dol

lars

)

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Tot

als

2011

-20

1520

11-

2020

Bu

dge

t (W

ith

out

Fis

cal

Com

mis

sion

)

Bu

dge

t T

otal

s in

Bil

lion

s of

Dol

lars

:

Rec

eipt

s ��

��

��

��

��

��

��

��

��

��

��2,

105

2,16

52,

567

2,92

63,

188

3,45

53,

634

3,88

74,

094

4,29

94,

507

4,71

015

,771

37,2

68

Ou

tlay

s ��

��

��

��

��

��

��

��

��

��

��3,

518

3,72

13,

834

3,75

53,

915

4,16

14,

386

4,66

54,

872

5,08

45,

415

5,71

320

,051

45,8

00

Defi

cit

��

��

��

��

��

��

��

��

��

��1,

413

1,55

61,

267

828

727

706

752

778

778

785

908

1,00

34,

280

8,53

2

Deb

t h

eld

by t

he

publ

ic �

��

��

��

��

��

��7,

545

9,29

810

,498

11,4

7212

,326

13,1

3913

,988

14,8

3315

,686

16,5

3517

,502

18,5

73

Deb

t n

et o

f fi

nan

cial

ass

ets

��

��

��

��

��

6,64

78,

164

9,41

810

,246

10,9

7211

,677

12,4

2813

,205

13,9

8314

,767

15,6

7516

,677

Gro

ss d

omes

tic

prod

uct

(G

DP

) ��

��

��

��

��

�14

,237

14,6

2415

,299

16,2

0317

,182

18,1

9319

,190

20,1

6321

,136

22,0

8723

,065

24,0

67

Bu

dge

t T

otal

s as

a P

erce

nt

of G

DP

:

Rec

eipt

s ��

��

��

��

��

��

��

��

��

��

��14

�8%

14�8

%16

�8%

18�1

%18

�6%

19�0

%18

�9%

19�3

%19

�4%

19�5

%19

�5%

19�6

%18

�3%

18�9

%

Ou

tlay

s ��

��

��

��

��

��

��

��

��

��

��24

�7%

25�4

%25

�1%

23�2

%22

�8%

22�9

%22

�9%

23�1

%23

�1%

23�0

%23

�5%

23�7

%23

�3%

23�3

%

Defi

cit

��

��

��

��

��

��

��

��

��

��9�

9%10

�6%

8�3%

5�1%

4�2%

3�9%

3�9%

3�9%

3�7%

3�6%

3�9%

4�2%

5�1%

4�5%

Deb

t h

eld

by t

he

publ

ic �

��

��

��

��

��

��53

�0%

63�6

%68

�6%

70�8

%71

�7%

72�2

%72

�9%

73�6

%74

�2%

74�9

%75

�9%

77�2

%

Deb

t n

et o

f fi

nan

cial

ass

ets

��

��

��

��

��

46�7

%55

�8%

61�6

%63

�2%

63�9

%64

�2%

64�8

%65

�5%

66�2

%66

�9%

68�0

%69

�3%

FIS

CA

L C

OM

MIS

SIO

N

Th

e A

dmin

istr

atio

n s

upp

orts

th

e cr

eati

on o

f a

Fis

cal C

omm

issi

on� T

he

Fis

cal C

om-

mis

sion

is

char

ged

wit

h i

den

tify

ing

poli

cies

to

impr

ove

the

fisc

al s

itu

atio

n i

n t

he

med

ium

ter

m a

nd

to a

chie

ve fi

scal

su

stai

nab

ilit

y ov

er t

he

lon

g ru

n�

Spe

cifi

call

y,

the

Com

mis

sion

is c

har

ged

wit

h b

alan

cin

g th

e bu

dget

exc

ludi

ng

inte

rest

pay

men

ts

on t

he

debt

by

2015

� Th

e re

sult

is p

roje

cted

to

stab

iliz

e th

e de

bt-t

o-G

DP

rat

io a

t an

ac

cept

able

leve

l on

ce t

he

econ

omy

reco

vers

� T

he

mag

nit

ude

an

d ti

min

g of

th

e po

licy

m

easu

res

nec

essa

ry t

o ac

hie

ve t

his

goa

l are

su

bjec

t to

con

side

rabl

e u

nce

rtai

nty

an

d w

ill

depe

nd

on t

he

evol

uti

on o

f th

e ec

onom

y�

In a

ddit

ion

, th

e C

omm

issi

on w

ill

ex-

amin

e po

lici

es t

o m

ean

ingf

ull

y im

prov

e th

e lo

ng-

run

fisc

al o

utl

ook,

incl

udi

ng

chan

g-es

to

addr

ess

the

grow

th o

f en

titl

emen

t sp

endi

ng

and

the

gap

betw

een

th

e pr

ojec

ted

reve

nu

es a

nd

expe

ndi

ture

s of

th

e F

eder

al G

over

nm

ent�

THE BUDGET FOR FISCAL YEAR 2011 147T

able

S–2

. E

ffec

t of

Bu

dge

t P

rop

osal

s on

Pro

ject

ed D

efici

ts(D

efici

t in

crea

ses

(+) o

r de

crea

ses

(–) i

n bi

llion

s of

dol

lars

)

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Tot

als

2011

–20

1520

11–

2020

Pro

ject

ed d

efici

ts i

n t

he

bas

elin

e p

roje

ctio

n o

f cu

rren

t p

olic

y 1 ...

......

......

......

......

......

......

......

......

......

..1,

430

1,14

593

494

093

498

31,

013

1,04

21,

077

1,22

71,

346

4,93

610

,640

Per

cen

t of

GD

P �

��

��

��

��

��

��

��

��

��

��

9�8%

7�5%

5�8%

5�5%

5�1%

5�1%

5�0%

4�9%

4�9%

5�3%

5�6%

5�8%

5�5%

Tem

pora

ry r

ecov

ery

mea

sure

s:

Tax

cu

ts ��

��

��

��

��

��

��

��

��

��

��

��

��

2953

20–7

–5–4

–3–2

–2–1

–157

47

Man

dato

ry p

ropo

sals

��

��

��

��

��

��

��

��

��

4544

1*

��

��

��

��

��

��

��

4646

All

owan

ce f

or o

ther

jobs

init

iati

ves

��

��

��

��

��

2450

166

4��

��

��

��

��

��

��76

76

Tot

al, t

empo

rary

rec

over

y m

easu

res

��

��

��

��98

147

37–1

–1–4

–3–2

–2–1

–117

916

9

All

owan

ce f

or h

ealt

h r

efor

m 2

��

��

��

��

��

��

��

��6

–23

–34

–39

–28

–312

2–6

–12

–20

–127

–150

All

owan

ce f

or c

lim

ate

poli

cy 3

��

��

��

��

��

��

��

��

Tax

cu

ts f

or f

amil

ies

and

busi

nes

ses 4,

5 ��

��

��

��

��

�12

2931

2324

2527

2830

3235

133

284

Oth

er r

even

ue

chan

ges

and

loop

hol

e cl

oser

s 4, 6

��

��

�–1

–36

–66

–74

–77

–78

–79

–81

–83

–86

–90

–331

–749

Pro

pose

d ch

ange

s in

man

dato

ry p

rogr

ams

and

use

r fe

es7

��

��

��

��

��

��

��

��

��

��

��

��

��

�2

–24

24

–2–4

–6–7

–7–6

6–2

4

Pro

pose

d ch

ange

s in

app

ropr

iate

d (“

disc

reti

onar

y”)

prog

ram

s:

Ove

rsea

s co

nti

nge

ncy

ope

rati

ons

(OC

O)

��

��

��

��9

37–4

1–7

5–8

3–8

7–9

1–9

3–9

5–9

8–1

01–2

50–7

28

Sec

uri

ty (

exce

pt O

CO

) ��

��

��

��

��

��

��

��

��

212

1823

2630

3234

3536

3710

928

4

Non

-sec

uri

ty

��

��

��

��

��

��

��

��

��

��

��

*–1

0–1

5–2

4–2

7–2

9–2

9–3

0–3

1–3

0–2

5–1

05–2

49

Su

btot

al, a

ppro

pria

ted

prog

ram

s ��

��

��

��

��

1139

–38

–76

–84

–86

–88

–89

–91

–92

–88

–245

–693

Su

bto

tal,

pol

icy

pro

pos

als

......

......

......

......

......

......

.12

715

4–6

7–1

64–1

61–1

47–1

35–1

48–1

58–1

66–1

70–3

86–1

,164

Up

per

-in

com

e ta

x p

rovi

sion

s d

edic

ated

to

defi

cit

red

uct

ion

....

......

......

......

......

......

......

......

......

......

......

....

–1–3

4–4

1–5

0–6

0–6

8–7

4–8

0–8

5–9

1–9

7–2

52–6

78

Cre

dit

and

oth

er in

dire

ct in

tere

st e

ffec

ts �

��

��

��

��

-*–2

–2-*

12

22

33

3–1

13D

ebt

serv

ice

��

��

��

��

��

��

��

��

��

��

��

��

*2

51

–8–1

8–2

8–3

9–5

1–6

4–7

9–1

7–2

79

Tot

al r

edu

ctio

n i

n p

roje

cted

defi

cits

....

......

......

..12

512

1–1

05–2

13–2

28–2

31–2

35–2

64–2

92–3

19–3

43–6

56–2

,108

Res

ult

ing

defi

cits

in

201

1 B

ud

get

.....

......

......

......

......

1,55

61,

267

828

727

706

752

778

778

785

908

1,00

34,

280

8,53

2

Per

cen

t of

GD

P �

��

��

��

��

��

��

��

��

��

��

10�6

%8�

3%5�

1%4�

2%3�

9%3�

9%3�

9%3�

7%3�

6%3�

9%4�

2%5�

1%4�

5%

148 SUMMARY TABLES

Tab

le S

–2.

Eff

ect

of B

ud

get

Pro

pos

als

on P

roje

cted

Defi

cits

—C

onti

nu

ed(D

efici

t in

crea

ses

(+) o

r de

crea

ses

(–) i

n bi

llion

s of

dol

lars

)

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Tot

als

2011

–20

1520

11–

2020

Mem

oran

dum

, pro

pose

d ch

ange

s in

app

ropr

iate

d (“

disc

reti

onar

y”)

budg

etar

y re

sou

rces

:

Ove

rsea

s co

nti

nge

ncy

ope

rati

ons

��

��

��

��

��

��33

28–8

4–8

6–8

8–9

0–9

3–9

5–9

8–1

01–1

03–3

20–8

10

Sec

uri

ty (

exce

pt O

CO

) ��

��

��

��

��

��

��

��

��

816

2730

3337

3839

3940

4114

434

1

Non

-sec

uri

ty

��

��

��

��

��

��

��

��

��

��

��

��

–14

–19

–31

–29

–27

–32

–34

–34

–32

–25

–120

–278

Tot

al, a

ppro

pria

ted

fun

din

g ��

��

��

��

��

��

�41

30–7

5–8

6–8

5–8

0–8

7–9

1–9

3–9

3–8

7–2

96–7

47M

emor

andu

m, d

efici

t re

duct

ion

exc

lusi

ve o

f O

CO

pr

opos

als

and

rela

ted

debt

ser

vice

��

��

��

��

��

��11

784

–65

–136

–140

–135

–131

–153

–173

–192

–208

–391

–1,2

49N

ote:

Fig

ure

s di

spla

yed

in t

he

tabl

e do

not

refl

ect

the

impa

ct o

f an

y re

com

men

dati

ons

from

th

e F

isca

l Com

mis

sion

�*

$500

mil

lion

or

less

�1 S

ee t

able

s S

–3 a

nd

S–7

for

info

rmat

ion

on

th

e ba

seli

ne

proj

ecti

on o

f cu

rren

t po

licy

�2 A

llow

ance

for

pen

din

g h

ealt

h r

efor

m le

gisl

atio

n� S

ee T

able

S–8

for

fu

rth

er d

etai

l�3 A

com

preh

ensi

ve m

arke

t-ba

sed

clim

ate

chan

ge p

olic

y w

ill b

e de

fici

t n

eutr

al b

ecau

se p

roce

eds

from

em

issi

ons

allo

wan

ces

wil

l be

use

d to

com

pen

sate

vu

lner

able

fam

ilie

s,

com

mu

nit

ies,

an

d bu

sin

esse

s d

uri

ng

the

tran

siti

on t

o a

clea

n e

ner

gy e

con

omy�

Rec

eipt

s w

ill a

lso

be r

eser

ved

for

inve

stm

ents

to

redu

ce g

reen

hou

se g

as e

mis

sion

s,

incl

udi

ng

supp

ort

of c

lean

en

ergy

tec

hn

olog

ies,

an

d in

ada

ptin

g to

th

e im

pact

s of

cli

mat

e ch

ange

, bot

h d

omes

tica

lly

and

in d

evel

opin

g co

un

trie

s�

4 In

clu

des

refu

nda

ble

tax

cred

its�

5 In

clu

des

the

effe

cts

of c

onti

nu

ing

cert

ain

exp

irin

g pr

ovis

ion

s th

rou

gh c

alen

dar

year

201

1�6 In

clu

des

lim

itin

g it

emiz

ed d

edu

ctio

ns,

tra

de in

itia

tive

s, a

nd

oth

er t

ax in

itia

tive

s on

Tab

le S

–8�

7 In

clu

des

PA

YG

O im

pact

of

chan

ges

in m

anda

tory

pro

gram

s in

clu

ded

in a

ppro

pria

tion

s la

ngu

age�


able

S–3

. B

asel

ine

Pro

ject

ion

of

Cu

rren

t P

olic

y b

y C

ateg

ory

1

(In

billi

ons

of d

olla

rs)

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Tot

als

2011

–201

520

11–2

020

Ou

tlay

s:

App

ropr

iate

d (“

disc

reti

onar

y”)

prog

ram

s:S

ecu

rity

��

��

��

��

��

��

��

��

��

��

782

844

846

850

863

882

903

921

944

968

993

1,01

94,

344

9,18

7N

on-s

ecu

rity

��

��

��

��

��

��

��

��

��43

755

353

049

048

048

449

350

451

652

854

155

42,

477

5,12

0

Su

btot

al, a

ppro

pria

ted

prog

ram

s ��

��

��1,

219

1,39

71,

376

1,34

01,

343

1,36

71,

396

1,42

51,

460

1,49

61,

534

1,57

36,

821

14,3

07

Man

dato

ry p

rogr

ams:

Soc

ial S

ecu

rity

��

��

��

��

��

��

��

��

678

703

730

762

801

846

894

947

1,00

41,

067

1,13

31,

204

4,03

39,

388

Med

icar

e ��

��

��

��

��

��

��

��

��

��

425

451

492

502

557

625

654

727

760

795

886

957

2,83

06,

955

Med

icai

d ��

��

��

��

��

��

��

��

��

��

251

275

271

274

293

313

337

363

390

420

453

488

1,48

83,

602

Tro

ubl

ed A

sset

Rel

ief

Pro

gram

(T

AR

P) 2

��

�15

1–7

311

107

63

1*

*��

��

��37

39O

ther

man

dato

ry p

rogr

ams

��

��

��

��

��60

770

159

653

253

252

652

554

254

354

258

860

62,

710

5,53

2

Su

btot

al, m

anda

tory

pro

gram

s ��

��

��

2,11

22,

057

2,10

02,

079

2,19

12,

316

2,41

32,

579

2,69

82,

823

3,06

03,

256

11,0

9825

,515

Net

inte

rest

��

��

��

��

��

��

��

��

��

��

187

188

250

340

434

516

586

652

716

779

844

912

2,12

66,

029

Dis

aste

r co

sts 3

��

��

��

��

��

��

��

��

��

��

��1

34

44

55

55

55

2146

Tot

al o

utl

ays

��

��

��

��

��

��

��

��

��3,

518

3,64

33,

728

3,76

23,

973

4,20

34,

400

4,66

14,

879

5,10

35,

443

5,74

620

,066

45,8

97

Rec

eip

ts:

Indi

vidu

al in

com

e ta

xes

��

��

��

��

��

��

��91

595

11,

126

1,27

11,

387

1,50

71,

625

1,73

91,

853

1,96

62,

078

2,18

66,

917

16,7

39

Cor

pora

tion

inco

me

taxe

s ��

��

��

��

��

��

��13

817

629

333

336

141

538

342

243

744

946

147

81,

785

4,03

1

Soc

ial i

nsu

ran

ce a

nd

reti

rem

ent

rece

ipts

:S

ocia

l Sec

uri

ty p

ayro

ll t

axes

��

��

��

��

�65

463

567

472

076

481

085

490

894

999

41,

038

1,07

73,

823

8,78

8M

edic

are

payr

oll t

axes

��

��

��

��

��

��

191

180

192

208

222

236

250

266

278

292

305

317

1,10

82,

566

Un

empl

oym

ent

insu

ran

ce ��

��

��

��

��

��38

5160

6671

7577

7776

7474

7534

972

5O

ther

ret

irem

ent

��

��

��

��

��

��

��

�8

98

99

99

99

99

1043

89

Exc

ise

taxe

s ��

��

��

��

��

��

��

��

��

��

�62

7480

8384

8687

8889

8990

9141

986

7

Est

ate

and

gift

tax

es �

��

��

��

��

��

��

��

2317

2421

2224

2527

2932

3436

116

274

Cu

stom

s du

ties

��

��

��

��

��

��

��

��

��

2224

2933

3638

4043

4548

5053

175

413

Dep

osit

s of

ear

nin

gs, F

eder

al R

eser

ve S

yste

m �

�34

7779

6759

5248

5052

5557

5930

557

8

Oth

er m

isce

llan

eou

s re

ceip

ts �

��

��

��

��

��

1818

1818

1818

1919

1919

2020

9118

8

Tot

al r

ecei

pts

��

��

��

��

��

��

��

��

�2,

105

2,21

32,

583

2,82

93,

033

3,26

93,

417

3,64

83,

838

4,02

64,

215

4,40

015

,130

35,2

57

Defi

cit

.....

......

......

......

......

......

......

......

......

......

......

.....

1,41

31,

430

1,14

593

494

093

498

31,

013

1,04

21,

077

1,22

71,

346

4,93

610

,640

On

-bu

dget

defi

cit

��

��

��

��

��

��

��

��

�1,

550

1,50

81,

241

1,05

41,

074

1,08

01,

139

1,18

31,

209

1,24

31,

385

1,48

65,

589

12,0

94

Off

-bu

dget

su

rplu

s (–

) ��

��

��

��

��

��

��

��–1

37–7

8–9

6–1

20–1

35–1

47–1

56–1

70–1

68–1

66–1

57–1

40–6

53–1

,454

150 SUMMARY TABLES

Tab

le S

–3.

Bas

elin

e P

roje

ctio

n o

f C

urr

ent

Pol

icy

by

Cat

egor

y 1

—C

onti

nu

ed(I

n bi

llion

s of

dol

lars

)

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Tot

als

2011

–201

520

11–2

020

Mem

oran

dum

, fu

ndi

ng

(“bu

dget

ary

reso

urc

es”)

for

ap

prop

riat

ed p

rogr

ams:

Sec

uri

ty ��

��

��

��

��

��

��

��

��

��

��

��82

481

483

485

487

489

591

793

996

398

81,

013

1,04

04,

374

9,31

8

Non

-sec

uri

ty �

��

��

��

��

��

��

��

��

��

�68

944

745

646

547

748

849

951

152

353

654

956

32,

385

5,06

7T

otal

, app

ropr

iate

d fu

ndi

ng

��

��

��

��

��1,

513

1,26

01,

290

1,31

91,

351

1,38

31,

416

1,45

01,

486

1,52

41,

562

1,60

26,

760

14,3

85*

$500

mil

lion

or

less

�1 S

ee T

able

S–7

for

info

rmat

ion

on

adj

ust

men

ts t

o th

e B

udg

et E

nfo

rcem

ent

Act

(B

EA

) ba

seli

ne�

2 O

utl

ays

for

TA

RP

in 2

011

and

subs

equ

ent

year

s re

sult

fro

m o

blig

atio

ns

for

the

Hom

e A

ffor

dabl

e M

odifi

cati

on P

rogr

am, a

nd

oth

er e

stim

ated

TA

RP

obl

igat

ion

s in

curr

ed

thro

ugh

Oct

ober

3, 2

010�

3 T

hes

e am

oun

ts r

epre

sen

t a

plac

ehol

der

for

maj

or d

isas

ters

req

uir

ing

Fed

eral

ass

ista

nce

for

rel

ief

and

reco

nst

ruct

ion

� Su

ch a

ssis

tan

ce m

igh

t be

pro

vide

d in

th

e fo

rm o

f di

scre

tion

ary

or m

anda

tory

ou

tlay

s or

tax

rel

ief�

Th

ese

amou

nts

are

incl

ude

d as

ou

tlay

s fo

r co

nve

nie

nce

�


able

S–4

. P

rop

osed

Bu

dge

t b

y C

ateg

ory

(In

billi

ons

of d

olla

rs)

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Tot

als

2011

–201

520

11–2

020

Ou

tlay

s:

App

ropr

iate

d (“

disc

reti

onar

y”)

prog

ram

s:S

ecu

rity

��

��

��

��

��

��

��

��

��

��

782

855

895

827

811

825

845

862

885

907

931

955

4,20

38,

743

Non

-sec

uri

ty �

��

��

��

��

��

��

��

��

�43

755

352

047

545

645

746

547

548

649

751

152

92,

373

4,87

1

Su

btot

al, a

ppro

pria

ted

prog

ram

s ��

��

��

1,21

91,

408

1,41

51,

301

1,26

71,

283

1,31

01,

337

1,37

11,

405

1,44

21,

484

6,57

613

,614

Man

dato

ry p

rogr

ams:

Soc

ial S

ecu

rity

��

��

��

��

��

��

��

��

�67

871

573

076

280

184

589

394

51,

002

1,06

41,

130

1,20

14,

030

9,37

3M

edic

are

��

��

��

��

��

��

��

��

��

��42

545

149

150

155

662

365

272

475

779

188

195

32,

822

6,92

7M

edic

aid

��

��

��

��

��

��

��

��

��

��25

127

529

727

429

231

333

636

238

941

945

148

71,

512

3,61

9T

rou

bled

Ass

et R

elie

f P

rogr

am (

TA

RP

) 1

��

151

–73

1110

76

31

**

��

��

3739

All

owan

ce f

or jo

bs in

itia

tive

s ��

��

��

��

��

��12

258

32

��

��

��

��

��

��

3838

All

owan

ce f

or h

ealt

h r

efor

m 2

��

��

��

��

��

��6

–7–1

72

3072

101

100

100

104

106

8059

0O

ther

man

dato

ry p

rogr

ams

��

��

��

��

��60

773

761

957

054

754

654

456

356

756

861

663

72,

826

5,77

5

Su

btot

al, m

anda

tory

pro

gram

s ��

��

��

�2,

112

2,12

32,

165

2,10

72,

208

2,36

42,

500

2,69

62,

815

2,94

23,

182

3,38

411

,344

26,3

63

Net

inte

rest

��

��

��

��

��

��

��

��

��

��

�18

718

825

134

343

651

057

162

768

173

378

684

02,

110

5,77

7

Dis

aste

r co

sts 3

��

��

��

��

��

��

��

��

��

��

��1

34

44

55

55

55

2146

Tot

al o

utl

ays

��

��

��

��

��

��

��

��

��3,

518

3,72

13,

834

3,75

53,

915

4,16

14,

386

4,66

54,

872

5,08

45,

415

5,71

320

,051

45,8

00

Rec

eip

ts:

Indi

vidu

al in

com

e ta

xes

��

��

��

��

��

��

��

915

936

1,12

11,

326

1,46

81,

604

1,73

31,

856

1,98

02,

102

2,22

32,

338

7,25

317

,752

Cor

pora

tion

inco

me

taxe

s ��

��

��

��

��

��

��

138

157

297

366

393

445

411

449

463

473

486

502

1,91

34,

285

Soc

ial i

nsu

ran

ce a

nd

reti

rem

ent

rece

ipts

:S

ocia

l Sec

uri

ty p

ayro

ll t

axes

��

��

��

��

��65

463

567

472

076

680

985

691

195

41,

000

1,04

41,

084

3,82

58,

819

Med

icar

e pa

yrol

l tax

es �

��

��

��

��

��

��19

118

019

220

822

323

725

126

728

029

330

731

81,

112

2,57

8U

nem

ploy

men

t in

sura

nce

��

��

��

��

��

�38

5160

6773

7779

7978

7776

7735

774

3O

ther

ret

irem

ent

��

��

��

��

��

��

��

��8

98

99

99

99

99

1043

89

Exc

ise

taxe

s ��

��

��

��

��

��

��

��

��

��

��62

7374

8185

8788

8990

9091

9241

586

7

Est

ate

and

gift

tax

es �

��

��

��

��

��

��

��

��23

1725

2324

2628

3032

3537

4012

429

8

Cu

stom

s du

ties

��

��

��

��

��

��

��

��

��

��22

2427

3235

3739

4244

4749

5217

040

4

Dep

osit

s of

ear

nin

gs, F

eder

al R

eser

ve S

yste

m �

��34

7779

6759

5248

5052

5557

5930

557

8

All

owan

ce f

or jo

bs in

itia

tive

s ��

��

��

��

��

��

��

–12

–25

–8–3

–2��

��

��

��

��

��

��–3

8–3

8

All

owan

ce f

or h

ealt

h r

efor

m 2

��

��

��

��

��

��

��

��16

1839

5874

8693

101

110

119

204

712

Oth

er m

isce

llan

eou

s re

ceip

ts �

��

��

��

��

��

1818

1717

1718

1818

1819

1919

8718

0

Tot

al r

ecei

pts

��

��

��

��

��

��

��

��

��2,

105

2,16

52,

567

2,92

63,

188

3,45

53,

634

3,88

74,

094

4,29

94,

507

4,71

015

,771

37,2

68

Defi

cit

.....

......

......

......

......

......

......

......

......

......

......

......

1,41

31,

556

1,26

782

872

770

675

277

877

878

590

81,

003

4,28

08,

532

152 SUMMARY TABLES

Tab

le S

–4.

Pro

pos

ed B

ud

get

by

Cat

egor

y—C

onti

nu

ed(I

n bi

llion

s of

dol

lars

)

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Tot

als

2011

–201

520

11–2

020

On

-bu

dget

defi

cit

��

��

��

��

��

��

��

��

��1,

550

1,63

41,

363

949

863

852

910

952

952

959

1,07

51,

153

4,93

710

,028

Off

-bu

dget

su

rplu

s (–

) ��

��

��

��

��

��

��

��

–137

–78

–96

–120

–136

–146

–158

–175

–174

–174

–167

–151

–656

–1,4

96

Pri

mar

y de

fici

t ��

��

��

��

��

��

��

��

��

��

1,22

61,

368

1,01

648

629

119

618

115

197

5212

316

32,

170

2,75

5

Net

inte

rest

��

��

��

��

��

��

��

��

��

��

�18

718

825

134

343

651

057

162

768

173

378

684

02,

110

5,77

7

Mem

oran

dum

, fu

ndi

ng

(“bu

dget

ary

reso

urc

es”)

for

ap

prop

riat

ed p

rogr

ams:

Sec

uri

ty ��

��

��

��

��

��

��

��

��

��

��

��

824

855

879

798

819

840

864

885

906

929

953

978

4,19

88,

849

Non

-sec

uri

ty �

��

��

��

��

��

��

��

��

��

��68

944

744

144

644

645

947

247

948

950

251

753

82,

265

4,78

9

Tot

al, a

ppro

pria

ted

fun

din

g ��

��

��

��

��

1,51

31,

302

1,32

01,

244

1,26

51,

299

1,33

61,

363

1,39

51,

431

1,47

01,

515

6,46

413

,638

Not

e: F

igu

res

disp

laye

d in

th

e ta

ble

do n

ot r

eflec

t th

e im

pact

of

any

reco

mm

enda

tion

s fr

om t

he

Fis

cal C

omm

issi

on�

* $5

00 m

illi

on o

r le

ss�

1 O

utl

ays

for

TA

RP

in 2

011

and

subs

equ

ent

year

s re

sult

fro

m o

blig

atio

ns

for

the

Hom

e A

ffor

dabl

e M

odifi

cati

on P

rogr

ams,

an

d ot

her

est

imat

ed T

AR

P o

blig

atio

ns

incu

rred

th

rou

gh O

ctob

er 3

, 201

0�2 R

eflec

ts o

n-b

udg

et e

ffec

ts o

nly

� See

Tab

le S

–8 f

or f

urt

her

det

ail�

3 T

hes

e am

oun

ts r

epre

sen

t a

plac

ehol

der

for

maj

or d

isas

ters

req

uir

ing

Fed

eral

ass

ista

nce

for

rel

ief

and

reco

nst

ruct

ion

� Su

ch a

ssis

tan

ce m

igh

t be

pro

vide

d in

th

e fo

rm o

f di

scre

tion

ary

or m

anda

tory

ou

tlay

s or

tax

rel

ief�

Th

ese

amou

nts

are

incl

ude

d as

ou

tlay

s fo

r co

nve

nie

nce

�

THE BUDGET FOR FISCAL YEAR 2011 153P

olic

y O

utl

ays

by C

ateg

ory

Oth

er M

and

ato

ry

Pro

gra

ms

and

D

isas

ter

Co

sts

Net

Inte

rest

Sec

uri

ty D

iscr

etio

nar

y

No

n-S

ecu

rity

D

iscr

etio

nar

y

So

cial

Sec

uri

tyM

edic

are

Med

icai

d

Po

licy

Rev

enu

es b

y S

ou

rce

Bo

rro

win

g a

nd

O

ther

Net

F

inan

cin

g

So

cial

S

ecu

rity

P

ayro

ll Ta

xes

Exc

ise

Taxe

s

Co

rpo

rati

on

In

com

e Ta

xes

Un

emp

loym

ent

Insu

ran

ce

Med

icar

e P

ayro

ll Ta

xes

Ind

ivid

ual

In

com

e Ta

xes

Oth

er R

ecei

pts

2011

2011

2015

2015

Bo

rro

win

g a

nd

Oth

er N

et

Fin

anci

ng

So

cial

S

ecu

rity

P

ayro

ll Ta

xes

Exc

ise

Taxe

s

Co

rpo

rati

on

In

com

e Ta

xes

Un

emp

loym

ent

Insu

ran

ce

Med

icar

e P

ayro

ll Ta

xes

Ind

ivid

ual

In

com

e Ta

xes

Oth

er R

ecei

pts

Sec

uri

ty D

iscr

etio

nar

yN

on

-Sec

uri

ty

Dis

cret

ion

ary So

cial

S

ecu

rity

Med

icar

eM

edic

aidN

et In

tere

st Oth

er M

and

ato

ry

Pro

gra

ms

and

D

isas

ter

Co

sts

154 SUMMARY TABLES

Tab

le S

–5.

Pro

pos

ed B

ud

get

by

Cat

egor

y as

a P

erce

nt

of G

DP

(As

a pe

rcen

t of

GD

P)

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Ave

rage

s

2011

–20

1520

11-

2020

Ou

tlay

s:

App

ropr

iate

d (“

disc

reti

onar

y”)

prog

ram

s:S

ecu

rity

��

��

��

��

��

��

��

��

��

��

��5�

55�

85�

85�

14�

74�

54�

44�

34�

24�

14�

04�

04�

94�

5N

on-s

ecu

rity

��

��

��

��

��

��

��

��

��

�3�

13�

83�

42�

92�

72�

52�

42�

42�

32�

32�

22�

22�

82�

5

Su

btot

al, a

ppro

pria

ted

prog

ram

s ��

��

��

�8�

69�

69�

28�

07�

47�

16�

86�

66�

56�

46�

36�

27�

77�

0

Man

dato

ry p

rogr

ams:

Soc

ial S

ecu

rity

��

��

��

��

��

��

��

��

��

4�8

4�9

4�8

4�7

4�7

4�6

4�7

4�7

4�7

4�8

4�9

5�0

4�7

4�8

Med

icar

e ��

��

��

��

��

��

��

��

��

��

��3�

03�

13�

23�

13�

23�

43�

43�

63�

63�

63�

84�

03�

33�

5M

edic

aid

��

��

��

��

��

��

��

��

��

��

1�8

1�9

1�9

1�7

1�7

1�7

1�8

1�8

1�8

1�9

2�0

2�0

1�8

1�8

Tro

ubl

ed A

sset

Rel

ief

Pro

gram

(T

AR

P)1

��

��

1�1

–0�5

0�1

0�1

**

**

**

��

��

**

All

owan

ce f

or jo

bs in

itat

ives

��

��

��

��

��

��

0�1

0�2

**

*��

��

��

��

��

��

��*

*A

llow

ance

for

hea

lth

ref

orm

2 ��

��

��

��

��

��

��*

–*–0

�1*

0�2

0�4

0�5

0�5

0�5

0�4

0�4

0�1

0�3

Oth

er m

anda

tory

pro

gram

s ��

��

��

��

��

��4�

35�

04�

03�

53�

23�

02�

82�

82�

72�

62�

72�

63�

33�

0

Su

btot

al, m

anda

tory

pro

gram

s ��

��

��

��

14�8

14�5

14�2

13�0

12�9

13�0

13�0

13�4

13�3

13�3

13�8

14�1

13�2

13�4

Net

inte

rest

��

��

��

��

��

��

��

��

��

��

��1�

31�

31�

62�

12�

52�

83�

03�

13�

23�

33�

43�

52�

42�

9

Dis

aste

r co

sts3

��

��

��

��

��

��

��

��

��

��

��

**

**

**

**

**

**

*

Tot

al o

utl

ays

��

��

��

��

��

��

��

��

��

24�7

25�4

25�1

23�2

22�8

22�9

22�9

23�1

23�1

23�0

23�5

23�7

23�3

23�3

Rec

eip

ts:

Indi

vidu

al in

com

e ta

xes

��

��

��

��

��

��

��

6�4

6�4

7�3

8�2

8�5

8�8

9�0

9�2

9�4

9�5

9�6

9�7

8�4

8�9

Cor

pora

tion

inco

me

taxe

s ��

��

��

��

��

��

��

�1�

01�

11�

92�

32�

32�

42�

12�

22�

22�

12�

12�

12�

22�

2

Soc

ial i

nsu

ran

ce a

nd

reti

rem

ent

rece

ipts

:S

ocia

l Sec

uri

ty p

ayro

ll t

axes

��

��

��

��

��

4�6

4�3

4�4

4�4

4�5

4�4

4�5

4�5

4�5

4�5

4�5

4�5

4�4

4�5

Med

icar

e pa

yrol

l tax

es

��

��

��

��

��

��

1�3

1�2

1�3

1�3

1�3

1�3

1�3

1�3

1�3

1�3

1�3

1�3

1�3

1�3

Un

empl

oym

ent

insu

ran

ce ��

��

��

��

��

��

0�3

0�4

0�4

0�4

0�4

0�4

0�4

0�4

0�4

0�3

0�3

0�3

0�4

0�4

Oth

er r

etir

emen

t ��

��

��

��

��

��

��

��

��0�

10�

10�

10�

1*

**

**

**

*0�

1*

Exc

ise

taxe

s ��

��

��

��

��

��

��

��

��

��

��

0�4

0�5

0�5

0�5

0�5

0�5

0�5

0�4

0�4

0�4

0�4

0�4

0�5

0�4

Est

ate

and

gift

tax

es �

��

��

��

��

��

��

��

��

0�2

0�1

0�2

0�1

0�1

0�1

0�1

0�1

0�2

0�2

0�2

0�2

0�1

0�2

Cu

stom

s du

ties

��

��

��

��

��

��

��

��

��

��0�

20�

20�

20�

20�

20�

20�

20�

20�

20�

20�

20�

20�

20�

2

Dep

osit

s of

ear

nin

gs, F

eder

al R

eser

ve S

yste

m �

��

0�2

0�5

0�5

0�4

0�3

0�3

0�2

0�2

0�2

0�2

0�2

0�2

0�4

0�3

All

owan

ce f

or jo

bs in

itat

ives

��

��

��

��

��

��

��

–0�1

–0�2

-*-*

-*��

��

��

��

��

��

��–*

–*

All

owan

ce f

or h

ealt

h r

efor

m �

��

��

��

��

��

��

��

��

0�1

0�1

0�2

0�3

0�4

0�4

0�4

0�5

0�5

0�5

0�2

0�3

Oth

er m

isce

llan

eou

s re

ceip

ts �

��

��

��

��

��

��0�

10�

10�

10�

10�

10�

10�

10�

10�

10�

10�

10�

10�

10�

1

Tot

al r

ecei

pts

��

��

��

��

��

��

��

��

��

14�8

14�8

16�8

18�1

18�6

19�0

18�9

19�3

19�4

19�5

19�5

19�6

18�3

18�9

Defi

cit

.....

......

......

......

......

......

......

......

......

......

......

......

...9.

910

.68.

35.

14.

23.

93.

93.

93.

73.

63.

94.

25.

14.

5


able

S–5

. P

rop

osed

Bu

dge

t b

y C

ateg

ory

as a

Per

cen

t of

GD

P—

Con

tin

ued

(As

a pe

rcen

t of

GD

P)

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Ave

rage

s

2011

–20

1520

11-

2020

On

-bu

dget

defi

cit

��

��

��

��

��

��

��

��

��

10�9

11�2

8�9

5�9

5�0

4�7

4�7

4�7

4�5

4�3

4�7

4�8

5�8

5�2

Off

-bu

dget

su

rplu

s (–

) ��

��

��

��

��

��

��

��

�–1

�0–0

�5–0

�6–0

�7–0

�8–0

�8–0

�8–0

�9–0

�8–0

�8–0

�7–0

�6–0

�8–0

�8

Pri

mar

y de

fici

t ��

��

��

��

��

��

��

��

��

��

8�6

9�4

6�6

3�0

1�7

1�1

0�9

0�7

0�5

0�2

0�5

0�7

2�7

1�6

Net

inte

rest

��

��

��

��

��

��

��

��

��

��

��1�

31�

31�

62�

12�

52�

83�

03�

13�

23�

33�

43�

52�

42�

9

Mem

oran

dum

, fu

ndi

ng

(“bu

dget

ary

reso

urc

es”)

for

ap

prop

riat

ed p

rogr

ams:

Sec

uri

ty ��

��

��

��

��

��

��

��

��

��

��

��

5�8

5�8

5�7

4�9

4�8

4�6

4�5

4�4

4�3

4�2

4�1

4�1

4�9

4�6

Non

-sec

uri

ty

��

��

��

��

��

��

��

��

��

��

4�8

3�1

2�9

2�8

2�6

2�5

2�5

2�4

2�3

2�3

2�2

2�2

2�6

2�5

Su

btot

al, a

ppro

pria

ted

prog

ram

s ��

��

��

��

10�6

8�9

8�6

7�7

7�4

7�1

7�0

6�8

6�6

6�5

6�4

6�3

7�6

7�0

Not

e: F

igu

res

disp

laye

d in

th

e ta

ble

do n

ot r

eflec

t th

e im

pact

of

any

reco

mm

enda

tion

s fr

om t

he

Fis

cal C

omm

issi

on�

* 0�

05 p

erce

nt

of G

DP

or

less

�1 O

utl

ays

for

TA

RP

in 2

011

and

subs

equ

ent

year

s re

sult

fro

m o

blig

atio

ns

for

the

Hom

e A

ffor

dabl

e M

odifi

cati

on P

rogr

am, a

nd

oth

er e

stim

ated

TA

RP

obl

igat

ion

s in

curr

ed

thro

ugh

Oct

ober

3, 2

010�

2 R

eflec

ts o

n-b

udg

et e

ffec

ts o

nly

� See

Tab

le S

–8 f

or f

urt

her

det

ail�

3 T

hes

e am

oun

ts r

epre

sen

t a

plac

ehol

der

for

maj

or d

isas

ters

req

uir

ing

Fed

eral

ass

ista

nce

for

rel

ief

and

reco

nst

ruct

ion

� Su

ch a

ssis

tan

ce m

igh

t be

pro

vide

d in

th

e fo

rm o

f di

scre

tion

ary

or m

anda

tory

ou

tlay

s or

tax

rel

ief�

Th

ese

amou

nts

are

incl

ude

d as

ou

tlay

s fo

r co

nve

nie

nce

�

156 SUMMARY TABLES

Tab

le S

–6.

Pro

pos

ed B

ud

get

by

Cat

egor

y A

dju

sted

for

In

flat

ion

an

d P

opu

lati

on G

row

th(I

n bi

llion

s of

dol

lars

, bas

ed o

n 20

11 p

rice

s an

d po

pula

tion

)

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Ou

tlay

s:

App

ropr

iate

d (“

disc

reti

onar

y”)

prog

ram

s:S

ecu

rity

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

895

804

766

756

752

745

741

738

734

731

Non

-sec

uri

ty

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

520

461

430

419

413

410

407

404

403

405

Su

btot

al, a

ppro

pria

ted

prog

ram

s ��

��

��

��

��

��

��

��

��

��

��

��1,

415

1,26

51,

196

1,17

51,

165

1,15

51,

149

1,14

21,

137

1,13

7

Man

dato

ry p

rogr

ams:

Soc

ial S

ecu

rity

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

730

740

756

774

794

816

840

865

891

920

Med

icar

e ��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

491

487

524

570

580

625

634

643

695

730

Med

icai

d ��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

297

266

276

287

299

313

326

340

356

373

Tro

ubl

ed A

sset

Rel

ief

Pro

gram

(T

AR

P) 1

��

��

��

��

��

��

��

��

��

��

�11

107

63

1*

*��

��

��A

llow

ance

for

jobs

init

iati

ves

��

��

��

��

��

��

��

��

��

��

��

��

��

258

32

��

��

��

��

��

��

All

owan

ce f

or h

ealt

h r

efor

m 2

��

��

��

��

��

��

��

��

��

��

��

��

��

�–7

–17

127

6587

8382

8282

Oth

er m

anda

tory

pro

gram

s ��

��

��

��

��

��

��

��

��

��

��

��

��

��

619

554

517

500

484

486

475

461

486

488

Su

btot

al, m

anda

tory

pro

gram

s ��

��

��

��

��

��

��

��

��

��

��

��

2,16

52,

048

2,08

42,

166

2,22

52,

329

2,35

82,

391

2,51

02,

592

Net

inte

rest

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

251

333

411

467

508

542

571

596

620

643

Dis

aste

r co

sts 3

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��3

44

44

44

44

4

Tot

al o

utl

ays

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��3,

834

3,65

03,

695

3,81

33,

902

4,03

04,

082

4,13

34,

271

4,37

6

Rec

eip

ts:

Indi

vidu

al in

com

e ta

xes

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��1,

121

1,28

91,

386

1,47

01,

542

1,60

41,

659

1,70

91,

753

1,79

1

Cor

pora

tion

inco

me

taxe

s ��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

297

356

371

408

366

388

388

384

383

385

Soc

ial i

nsu

ran

ce a

nd

reti

rem

ent

rece

ipts

:S

ocia

l Sec

uri

ty p

ayro

ll t

axes

��

��

��

��

��

��

��

��

��

��

��

��

��

�67

470

072

374

176

278

780

081

382

383

0M

edic

are

payr

oll t

axes

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

192

203

210

217

224

231

235

239

242

244

Un

empl

oym

ent

insu

ran

ce ��

��

��

��

��

��

��

��

��

��

��

��

��

��

��60

6669

7170

6865

6260

59O

ther

ret

irem

ent

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

�8

88

88

87

77

7

Exc

ise

taxe

s ��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��74

7980

7978

7775

7472

70

Est

ate

and

gift

tax

es �

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

�25

2222

2325

2627

2829

31

Cu

stom

s du

ties

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

2731

3334

3536

3738

3940

Dep

osit

s of

ear

nin

gs, F

eder

al R

eser

ve S

yste

m �

��

��

��

��

��

��

��

��

��

��79

6556

4842

4344

4445

45

All

owan

ce f

or jo

bs in

itia

tive

s ��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

–25

–8–3

–2��

��

��

��

��

��

��

All

owan

ce f

or h

ealt

h r

efor

m 2

��

��

��

��

��

��

��

��

��

��

��

��

��

��

1617

3753

6674

7882

8691

Oth

er m

isce

llan

eou

s re

ceip

ts �

��

��

��

��

��

��

��

��

��

��

��

��

��

��

1717

1616

1616

1515

1515

Tot

al r

ecei

pts

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

�2,

567

2,84

53,

009

3,16

73,

233

3,35

83,

431

3,49

53,

554

3,60

7

Defi

cit

.....

......

......

......

......

......

......

......

......

......

......

......

......

......

......

......

......

......

......

......

.....

1,26

780

568

664

766

967

265

263

871

676

8


able

S–6

. P

rop

osed

Bu

dge

t b

y C

ateg

ory

Ad

just

ed f

or I

nfl

atio

n a

nd

Pop

ula

tion

Gro

wth

—C

onti

nu

ed(I

n bi

llion

s of

dol

lars

, bas

ed o

n 20

11 p

rice

s an

d po

pula

tion

)

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

On

-bu

dget

defi

cit

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��1,

363

922

815

781

810

823

798

779

848

883

Off

-bu

dget

su

rplu

s (–

) ��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

–96

–117

–128

–134

–141

–151

–146

–141

–131

–115

Pri

mar

y de

fici

t ��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��1,

016

472

275

179

161

130

8142

9712

5

Net

inte

rest

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

251

333

411

467

508

542

571

596

620

643

Mem

oran

dum

, fu

ndi

ng

(“bu

dget

ary

reso

urc

es”)

for

app

ropr

iate

d pr

ogra

ms:

Sec

uri

ty ��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��87

977

577

376

976

976

476

075

575

174

9N

on-s

ecu

rity

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

441

434

421

421

420

414

410

408

408

412

Su

btot

al, a

ppro

pria

ted

prog

ram

s ��

��

��

��

��

��

��

��

��

��

��

��

��1,

320

1,20

91,

194

1,19

01,

189

1,17

81,

169

1,16

31,

159

1,16

0N

ote:

Fig

ure

s di

spla

yed

in t

he

tabl

e do

not

refl

ect

the

impa

ct o

f an

y re

com

men

dati

ons

from

th

e F

isca

l Com

mis

sion

�*

$500

mil

lion

or

less

�1 O

utl

ays

for

TA

RP

in 2

011

and

subs

equ

ent

year

s re

sult

fro

m o

blig

atio

ns

for

the

Hom

e A

ffor

dabl

e M

odifi

cati

on P

rogr

am, a

nd

oth

er e

stim

ated

TA

RP

obl

igat

ion

s in

curr

ed

thro

ugh

Oct

ober

3, 2

010�

2 R

eflec

ts o

n-b

udg

et e

ffec

ts o

nly

� See

Tab

le S

–8 f

or f

urt

her

det

ail�

3 T

hes

e am

oun

ts r

epre

sen

t a

plac

ehol

der

for

maj

or d

isas

ters

req

uir

ing

Fed

eral

ass

ista

nce

for

rel

ief

and

reco

nst

ruct

ion

� S

uch

ass

ista

nce

mig

ht

be p

rovi

ded

in t

he

form

of

disc

reti

onar

y or

man

dato

ry o

utl

ays

or t

ax r

elie

f� T

hes

e am

oun

ts a

re in

clu

ded

as o

utl

ays

for

con

ven

ien

ce�

158 SUMMARY TABLES

Tab

le S

–7.

Bri

dge

Fro

m B

ud

get

En

forc

emen

t A

ctB

asel

ine

to B

asel

ine

Pro

ject

ion

of

Cu

rren

t P

olic

y(D

efici

t in

crea

ses

(+) o

r de

crea

ses

(–) i

n bi

llion

s of

dol

lars

)

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Tot

als

2011

–20

1520

11–

2020

BE

A b

asel

ine

defi

cit

.....

......

......

......

......

......

......

......

....

1,41

31,

404

912

613

561

495

492

469

445

421

507

557

3,07

35,

472

Ad

just

men

ts t

o re

flec

t cu

rren

t p

olic

ies:

Inde

x to

infl

atio

n t

he

2009

par

amet

ers

of t

he

AM

T

��

1364

3238

4553

6272

8497

110

233

659

Con

tin

ue

the

2001

an

d 20

03 t

ax c

uts

1 ��

��

��

��

��

513

523

726

629

531

833

535

236

938

640

31,

251

3,09

7

Pre

vent

red

ucti

on in

Med

icar

e ph

ysic

ian

paym

ents

��

��

722

2732

3435

3840

4348

5315

037

1

Cor

rect

bas

elin

e gr

owth

rat

es f

or p

ay in

crea

ses

��

��

��

–2–3

–3–3

–3–3

–3–4

–4–4

–14

–32

Su

btot

al ��

��

��

��

��

��

��

��

��

��

��

��

��25

219

294

333

371

403

432

461

492

527

562

1,62

04,

095

Ad

just

men

t to

refl

ect

cost

s of

pos

sib

le

emer

gen

cies

2 .

......

......

......

......

......

......

......

......

......

....

��

13

44

45

55

55

521

46

Ad

just

men

ts t

o P

ell

Gra

nts

:

Refl

ect

cost

of

fun

din

g ex

isti

ng

max

imu

m g

ran

t aw

ard

��

��

��

��

��

��

��

��

��

��

��

��

��

��

912

1212

1212

1212

1213

5611

8

Rem

ove

Pel

l Gra

nts

fro

m a

ppro

pria

ted

cate

gory

��

–19

–27

–27

–29

–30

–30

–31

–31

–32

–32

–32

–33

–147

–307

Add

Pel

l Gra

nts

to

man

dato

ry c

ateg

ory

��

��

��

�19

2727

2930

3031

3132

3232

3314

730

7

Su

btot

al ��

��

��

��

��

��

��

��

��

��

��

��

��

��9

1212

1212

1212

1212

1356

118

Tot

al p

rogr

am a

dju

stm

ents

��

��

��

��

��

��

��

��

2623

131

034

938

742

044

947

851

054

558

01,

697

4,25

9

Deb

t se

rvic

e on

adj

ust

men

ts �

��

��

��

��

��

��

��

*2

1131

5171

9411

814

617

520

916

790

9

Tot

al a

dju

stm

ents

��

��

��

��

��

��

��

��

��

2623

332

137

943

849

154

359

765

572

078

91,

863

5,16

7

Bas

elin

e p

roje

ctio

n o

f cu

rren

t p

olic

y d

efici

t ..

.....

1,41

31,

430

1,14

593

494

093

498

31,

013

1,04

21,

077

1,22

71,

346

4,93

610

,640

*$50

0 m

illi

on o

r le

ss�

1 In

con

tin

uin

g th

e 20

01 a

nd

2003

tax

cu

ts, t

he

esta

te t

ax is

mai

nta

ined

at

its

2009

par

amet

ers�

2 T

hes

e am

oun

ts r

epre

sen

t a

plac

ehol

der

for

maj

or d

isas

ters

req

uir

ing

Fed

eral

ass

ista

nce

for

rel

ief

and

reco

nst

ruct

ion

� S

uch

ass

ista

nce

mig

ht

be p

rovi

ded

in t

he

form

of

disc

reti

onar

y or

man

dato

ry o

utl

ays

or t

ax r

elie

f� T

hes

e am

oun

ts a

re in

clu

ded

as o

utl

ays

for

con

ven

ien

ce�

THE BUDGET FOR FISCAL YEAR 2011 159S

–8.

Man

dat

ory

and

Rec

eip

t P

rop

osal

s(D

efici

t in

crea

ses

(+) o

r de

crea

ses

(-) i

n m

illio

ns o

f dol

lars

)

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Tot

als

2011

–20

1520

11–

2020

Tem

por

ary

Rec

over

y M

easu

res

(em

erge

ncy

, ex

emp

t fr

om P

AY

GO

):

Tax

Cu

ts:

Ext

end

mak

ing

wor

k pa

y ta

x cr

edit

in 2

011 1

��

��

30,1

3231

,075

��

��

��

��

��

��

��

��

61,2

0761

,207

Ext

end

CO

BR

A h

ealt

h in

sura

nce

pre

miu

m

assi

stan

ce 1

��

��

��

��

��

��

��

��

��

3,18

85,

237

228

��

��

��

��

��

��

��

��

5,46

55,

465

Pro

vide

add

itio

nal

tax

cre

dits

for

inve

stm

ent

in q

ual

ified

pro

pert

y u

sed

in a

qu

alifi

ed

adva

nce

d en

ergy

man

ufa

ctu

rin

g pr

ojec

t ��

��

��28

473

11,

145

1,11

453

912

2–7

2–1

14–6

2–2

63,

813

3,66

1E

xten

d te

mpo

rary

incr

ease

in e

xpen

sin

g fo

r sm

all b

usi

nes

ses

��

��

��

��

��

��

��

��70

644

0–4

34–2

68–1

86–1

35–7

6–4

3–2

4–1

5–1

2–5

83–7

53E

xten

d te

mpo

rary

bon

us

depr

ecia

tion

for

ce

rtai

n p

rope

rty

��

��

��

��

��

��

��

��

22,4

4515

,216

–11,

912

–7,4

78–5

,149

–3,9

12–2

,580

–1,6

85–1

,063

–792

–744

–13,

235

–20,

099

Ext

end

opti

on f

or g

ran

ts t

o S

tate

s in

lieu

of

hou

sin

g ta

x cr

edit

s 1 ��

��

��

��

��

��

��

2,43

51,

798

–91

–269

–429

–511

–538

–538

–538

–538

–538

498

–2,1

92

Tot

al, t

ax c

uts

��

��

��

��

��

��

��

��

�28

,774

53,1

0719

,597

–6,8

70–4

,650

–4,0

19–3

,072

–2,3

38–1

,739

–1,4

07–1

,320

57,1

6547

,289

Man

dat

ory

Init

iati

ves:

Pro

vide

6-m

onth

ext

ensi

on o

f F

MA

P r

elie

f to

st

ates

:

Med

icai

d im

pact

��

��

��

��

��

��

��

��

��25

,500

��

��

��

��

��

��

��

��

��

25,5

0025

,500

Fos

ter

care

impa

ct ��

��

��

��

��

��

��

��

��21

419

4��

��

��

��

��

��

��

��23

723

7E

xten

d E

UC

/EB

un

empl

oym

ent

insu

ran

ce

ben

efits

��

��

��

��

��

��

��

��

��

��

31,0

0018

,000

��

��

��

��

��

��

��

��

��

18,0

0018

,000

En

han

ce T

AN

F e

mer

gen

cy f

un

d ��

��

��

��

��50

81,

357

1,36

327

3��

��

��

��

��

��

��

��2,

993

2,99

3E

xten

d A

RR

A s

uspe

nsio

n of

SN

AP

tim

e lim

its

��

��

2525

25P

rovi

de $

250

Eco

nom

ic R

ecov

ery

Pay

men

ts 2

��13

,585

681

95��

��

��

��

��

��

��

��

��77

677

6

Inte

ract

ion

wit

h t

he

mak

ing

wor

k pa

y ta

x cr

edit

��

��

��

��

��

��

��

��

��

��

–348

–1,9

86–2

��

��

��

��

��

��

��

��

–1,9

88–1

,988

Tot

al, m

anda

tory

init

iati

ves

��

��

��

��

�44

,745

43,7

911,

475

277

��

��

��

��

��

��

��

45,5

4345

,543

A

llow

ance

for

oth

er j

obs

init

iati

ves

2 ..

......

...24

,000

50,0

0016

,000

6,00

04,

000

��

��

��

��

��

��

76,0

0076

,000

Hea

lth

in

sura

nce

ref

orm

(al

low

ance

)2,3

......

......

....

5,50

0–2

3,00

0–3

4,50

0–3

9,00

0–2

7,50

0–3

,000

12,0

002,

000

–5,5

00–1

2,00

0–1

9,50

0–1

27,0

00–1

50,0

00

Cli

mat

e p

olic

y (d

efici

t-n

eutr

al r

eser

ve) 4

.....

......

..��

��

��

��

��

��

��

��

��

��

��

��

��

��

160 SUMMARY TABLES

S–8

. M

and

ator

y an

d R

ecei

pt

Pro

pos

als—

Con

tin

ued

(Defi

cit

incr

ease

s (+

) or

decr

ease

s (-

) in

mill

ions

of d

olla

rs)

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Tot

als

2011

–20

1520

11–

2020

Oth

er T

ax P

rovi

sion

s: 5

Tax

Cu

ts f

or F

amil

ies

and

In

div

idu

als:

6 E

xpan

d ea

rned

inco

me

tax

cred

it 1

��

��

��

��

��85

1,67

41,

645

1,63

61,

628

1,63

91,

663

1,69

21,

730

1,76

66,

668

15,1

58E

xpan

d th

e ch

ild

and

depe

nde

nt

care

tax

cr

edit

��

��

��

��

��

��

��

��

��

��

��

��

377

1,34

51,

359

1,36

81,

373

1,37

71,

374

1,36

51,

354

1,34

95,

822

12,6

41P

rovi

de f

or a

uto

mat

ic e

nro

llm

ent

in I

RA

s an

d do

ubl

e th

e ta

x cr

edit

for

sm

all e

mpl

oyer

pl

an s

tart

up

cost

s 1 ��

��

��

��

��

��

��

��

��

��50

682

587

698

21,

113

1,26

11,

423

1,60

41,

801

3,18

910

,391

Exp

and

save

r’s

cred

it 1

��

��

��

��

��

��

��

��32

32,

683

2,99

63,

029

3,10

93,

195

3,32

33,

490

3,71

63,

910

12,1

4029

,774

Ext

end

Am

eric

an o

ppor

tun

ity

tax

cred

it 1

��

��

��95

16,

875

7,44

47,

815

8,40

08,

841

8,63

28,

738

8,87

08,

907

31,4

8575

,473

Tot

al, t

ax c

uts

for

fam

ilie

s an

d in

divi

dual

s

��

1,73

613

,083

14,2

6914

,724

15,4

9216

,165

16,2

5316

,708

17,2

7417

,733

59,3

0414

3,43

7

Tax

Cu

ts f

or B

usi

nes

ses:

Eli

min

ate

capi

tal g

ain

s ta

xati

on o

n s

mal

l bu

sin

esse

s ��

��

��

��

��

��

��

��

��

��

��

��

��

��

5528

073

11,

217

1,59

11,

933

2,24

833

58,

055

Mak

e re

sear

ch a

nd

expe

rim

enta

tion

tax

cre

dit

perm

anen

t ��

��

��

��

��

��

��

��

��

��3,

044

5,34

65,

969

6,62

27,

286

7,94

58,

597

9,24

49,

887

10,5

3011

,182

33,1

6882

,608

Rem

ove

cell

ph

ones

fro

m li

sted

pro

pert

y ��

��

�69

277

226

238

248

266

281

296

314

332

348

1,25

52,

826

Tot

al, t

ax c

uts

for

bu

sin

esse

s ��

��

��

��

��3,

113

5,62

36,

195

6,86

07,

589

8,49

19,

609

10,7

5711

,792

12,7

9513

,778

34,7

5893

,489

Con

tin

ue

cert

ain

exp

irin

g p

rovi

sion

s th

rou

gh c

alen

dar

yea

r 20

11 1

.....

......

......

......

..8,

867

21,5

3911

,926

2,20

51,

581

1,42

21,

309

1,01

31,

138

1,43

53,

109

38,6

7346

,677

Oth

er R

even

ue

Ch

ange

s an

d L

oop

hol

e C

lose

rs:

Ref

orm

tre

atm

ent

of fi

nan

cial

inst

itu

tion

s an

d pr

odu

cts:

Impo

se a

fina

ncia

l cri

sis

resp

onsi

bili

ty fe

e ��

��

��–8

,000

–8,0

00–9

,000

–9,0

00–9

,000

–9,0

00–9

,000

–9,0

00–1

0,00

0–1

0,00

0–4

3,00

0–9

0,00

0

Req

uir

e ac

cru

al o

f in

com

e on

for

war

d sa

le

of c

orpo

rate

sto

ck �

��

��

��

��

��

��

–1–5

–12

–19

–26

–33

–36

–38

–40

–42

–44

–95

–295

Req

uir

e or

din

ary

trea

tmen

t of

inco

me

from

day

-to-

day

deal

er a

ctiv

itie

s fo

r ce

rtai

n d

eale

rs o

f eq

uit

y op

tion

s an

d co

mm

odit

ies

��

��

��

��

��

��

��

��

–49

–169

–214

–226

–240

–254

–270

–286

–303

–321

–341

–1,1

03–2

,624

Mod

ify

the

defi

nit

ion

of “

con

trol

” fo

r pu

rpos

es o

f se

ctio

n 2

49 �

��

��

��

��

��–2

–15

–30

–32

–34

–36

–38

–41

–43

–46

–48

–147

–363

Su

btot

al,

refo

rm t

reat

men

t of

fin

anci

al

inst

itu

tion

s an

d pr

odu

cts

��

��

��

��–5

2–8

,189

–8,2

56–9

,277

–9,3

00–9

,323

–9,3

44–9

,365

–9,3

86–1

0,40

9–1

0,43

3–4

4,34

5–9

3,28

2R

ein

stat

e S

upe

rfu

nd

taxe

s ��

��

��

��

��

��

��

–1,2

03–1

,608

–1,7

29–1

,837

–1,9

21–1

,995

–2,0

68–2

,129

–2,1

96–2

,239

–8,2

98–1

8,92

5R

epea

l LIF

O m

eth

od o

f ac

cou

nti

ng

for

inve

nto

ries

��

��

��

��

��

��

��

��

��

��

��

��–2

,667

–6,0

07–7

,070

–7,1

20–7

,162

–7,2

24–7

,207

–7,2

78–7

,350

–22,

864

–59,

085

Rep

eal g

ain

lim

itat

ion

for

div

iden

ds r

ecei

ved

in r

eorg

aniz

atio

n e

xch

ange

s ��

��

��

��

��

��

–46

–77

–78

–78

–81

–83

–85

–86

–86

–88

–360

–788


–8.

Man

dat

ory

and

Rec

eip

t P

rop

osal

s—C

onti

nu

ed(D

efici

t in

crea

ses

(+) o

r de

crea

ses

(-) i

n m

illio

ns o

f dol

lars

)

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Tot

als

2011

–20

1520

11–

2020

Ref

orm

U�S

� in

tern

atio

nal

tax

sys

tem

:

Def

er d

edu

ctio

n o

f in

tere

st e

xpen

se r

elat

ed

to d

efer

red

inco

me

��

��

��

��

��

��

��

–2,0

24–3

,357

–3,3

43–3

,350

–3,4

34–3

,520

–3,5

72–1

,803

–613

–626

–15,

508

–25,

642

Ref

orm

for

eign

tax

cre

dit:

Det

erm

ine

the

fore

ign

tax

cre

dit

on a

poo

lin

g ba

sis

��

��

��–1

,928

–3,1

98–3

,184

–3,1

91–3

,271

–3,3

53–3

,403

–3,4

39–3

,462

–3,5

32–1

4,77

2–3

1,96

1

Ref

orm

for

eign

tax

cre

dit:

Pre

ven

t sp

litt

ing

of f

orei

gn in

com

e an

d fo

reig

n

taxe

s ��

��

��

��

��

��

��

��

��

��

��

��–1

,226

–2,2

23–2

,494

–2,7

07–2

,875

–3,0

06–3

,106

–3,1

86–3

,253

–3,3

27–1

1,52

5–2

7,40

3

Tax

cu

rren

tly

exce

ss r

etu

rns

asso

ciat

ed

wit

h t

ran

sfer

s of

inta

ngi

bles

off

shor

e ��

��

��–6

35–1

,580

–1,5

73–1

,577

–1,6

16–1

,657

–1,6

81–1

,699

–1,7

11–1

,745

–6,9

81–1

5,47

4

Lim

it s

hif

tin

g of

inco

me

thro

ugh

inta

ngi

ble

prop

erty

tra

nsf

ers

��

��

��

��

��

��

��

��–1

2–3

2–5

4–7

8–1

04–1

31–1

59–1

89–2

20–2

54–2

80–1

,233

Dis

allo

w t

he d

educ

tion

for

exce

ss n

onta

xed

rein

sura

nce

prem

ium

s pa

id t

o af

filia

tes

��

��

–22

–53

–54

–54

–50

–50

–54

–58

–60

–64

–233

–519

Lim

it e

arn

ings

str

ippi

ng

by e

xpat

riat

ed

enti

ties

��

��

��

��

��

��

��

��

��

��

��–2

11–3

52–3

53–3

56–3

68–3

79–3

85–3

90–3

93–4

02–1

,640

–3,5

89

Rep

eal 8

0/20

com

pan

y ru

les

��

��

��

��

��

��–8

3–1

11–1

11–1

12–1

16–1

20–1

22–1

23–1

24–1

27–5

33–1

,149

Pre

ven

t th

e u

se o

f eq

uit

y sw

aps

to a

void

di

vide

nd

wit

hh

oldi

ng

taxe

s ��

��

��

��

�–2

19–2

75–1

35–9

1–9

4–9

6–9

7–1

02–1

09–1

15–1

23–6

91–1

,237

Mod

ify

tax

rule

s fo

r du

al c

apac

ity

taxp

ayer

s ��

��

��

��

��

��

��

��

��

��

–381

–676

–734

–788

–846

–907

–972

–1,0

44–1

,121

–1,0

80–3

,425

–8,5

49

Com

bat

un

der-

repo

rtin

g of

inco

me

on

acco

un

ts a

nd

enti

ties

in o

ffsh

ore

juri

sdic

tion

s ��

��

��

��

��

��

��

��

�–2

7–7

2–1

61–7

16–9

19–4

47–3

81–5

49–6

86–7

40–7

62–2

,315

–5,4

33S

ubt

otal

, ref

orm

U�S

� in

tern

atio

nal

tax

sy

stem

��

��

��

��

��

��

��

��

��–2

46–6

,869

–11,

878

–12,

707

–13,

226

–13,

223

–13,

601

–14,

105

–12,

726

–11,

812

–12,

042

–57,

903

–122

,189

Eli

min

ate

foss

il f

uel

tax

pre

fere

nce

s:O

il a

nd

gas

com

pan

y pr

efer

ence

s:R

epea

l en

han

ced

oil r

ecov

ery

cred

it 7

��

��

��

��

��

��

��

��

��

��

��

��

��

��

Rep

eal c

redi

t fo

r oi

l an

d ga

s pr

odu

ced

from

mar

gin

al w

ells

7 ��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

Rep

eal e

xpen

sin

g of

inta

ngi

ble

dril

lin

g co

sts

��

��

��

��

��

��

��

��

��

��

–1,2

02–1

,582

–1,0

89–9

14–8

48–6

94–4

82–3

74–3

44–3

10–5

,635

–7,8

39R

epea

l ded

uct

ion

for

ter

tiar

y in

ject

ants

��

��–5

–9–9

–8–7

–6–6

–5–6

–6–3

8–6

7R

epea

l exc

epti

on t

o pa

ssiv

e lo

ss

lim

itat

ion

s fo

r w

orki

ng

inte

rest

s in

oi

l an

d n

atu

ral g

as p

rope

rtie

s ��

��

��

��–2

0–2

4–1

9–1

8–1

7–1

7–1

7–1

6–1

6–1

6–9

8–1

80R

epea

l per

cen

tage

dep

leti

on f

or o

il a

nd

nat

ura

l gas

wel

ls �

��

��

��

��

��

��

��–5

22–8

95–9

33–9

69–1

,009

–1,0

52–1

,095

–1,1

41–1

,184

–1,2

26–4

,328

–10,

026

162 SUMMARY TABLES

S–8

. M

and

ator

y an

d R

ecei

pt

Pro

pos

als—

Con

tin

ued

(Defi

cit

incr

ease

s (+

) or

decr

ease

s (-

) in

mill

ions

of d

olla

rs)

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Tot

als

2011

–20

1520

11–

2020

Rep

eal d

omes

tic

man

ufa

ctu

rin

g ta

x de

duct

ion

for

oil

an

d n

atu

ral g

as

com

pan

ies

��

��

��

��

��

��

��

��

��–8

51–1

,470

–1,5

59–1

,650

–1,7

42–1

,831

–1,9

20–2

,007

–2,0

96–2

,188

–7,2

72–1

7,31

4In

crea

se g

eolo

gica

l an

d ge

oph

ysic

al

amor

tiza

tion

per

iod

for

inde

pen

den

t pr

odu

cers

to

seve

n y

ears

��

��

��

��

��

–44

–160

–246

–231

–177

–122

–67

–28

–17

–18

–858

–1,1

10S

ubt

otal

, oil

an

d ga

s co

mpa

ny

pref

eren

ces

��

��

��

��

��

��

��

��–2

,644

–4,1

40–3

,855

–3,7

90–3

,800

–3,7

22–3

,587

–3,5

71–3

,663

–3,7

64–1

8,22

9–3

6,53

6C

oal t

ax p

refe

ren

ces:

Rep

eal e

xpen

sin

g of

exp

lora

tion

an

d de

velo

pmen

t co

sts

��

��

��

��

��

��

��–3

2–5

5–4

9–4

5–4

5–4

4–4

0–3

7–3

4–3

2–2

26–4

13R

epea

l per

cen

tage

dep

leti

on f

or h

ard

min

eral

fos

sil f

uel

s ��

��

��

��

��

��

��–5

7–9

8–1

02–1

06–1

09–1

11–1

15–1

19–1

22–1

23–4

72–1

,062

Rep

eal c

apit

al g

ain

s tr

eatm

ent

for

roya

ltie

s ��

��

��

��

��

��

��

��

��–1

0–1

8–2

5–4

8–6

7–7

8–8

7–9

5–1

03–1

11–1

19–2

36–7

51R

epea

l dom

esti

c m

anu

fact

uri

ng

dedu

ctio

n f

or h

ard

min

eral

fos

sil

fuel

s ��

��

��

��

��

��

��

��

��

��

��–3

–5–5

–5–6

–6–6

–7–7

–7–2

4–5

7

Su

btot

al, c

oal t

ax p

refe

ren

ces

��

��

–10

–110

–183

–204

–223

–238

–248

–256

–266

–274

–281

–958

–2,2

83S

ubt

otal

, eli

min

ate

foss

il f

uel

tax

pr

efer

ence

s ��

��

��

��

��

��

�–1

0–2

,754

–4,3

23–4

,059

–4,0

13–4

,038

–3,9

70–3

,843

–3,8

37–3

,937

–4,0

45–1

9,18

7–3

8,81

9T

ax c

arri

ed in

tere

st a

s or

din

ary

inco

me

��

��

��

–1,4

52–3

,289

–3,9

14–3

,741

–3,1

76–2

,534

–1,9

75–1

,530

–1,3

55–1

,011

–15,

572

–23,

977

Mod

ify

cell

ulo

sic

biof

uel

pro

duce

r cr

edit

��

��

–784

–6,5

69–8

,058

–4,9

01–2

,659

–1,4

91–3

09��

��

��

��

��–2

3,67

8–2

3,98

7E

lim

inat

e ad

van

ced

earn

ed in

com

e ta

x cr

edit

1 ��

��–1

20–7

2–7

0–6

9–6

8–6

9–6

9–7

2–7

4–7

7–3

99–7

60D

eny

dedu

ctio

n f

or p

un

itiv

e da

mag

es ��

��

��

��

��

–22

–32

–33

–34

–35

–36

–38

–38

–39

–121

–307

Rep

eal l

ower

-of-

cost

-or-

mar

ket

inve

nto

ry

acco

un

tin

g m

eth

od �

��

��

��

��

��

��

��

��

��–2

86–1

,423

–2,0

45–1

,402

–1,1

27–2

83–2

96–3

09–3

23–5

,156

–7,4

94M

ake

un

empl

oym

ent

insu

ran

ce s

urt

ax

perm

anen

t ��

��

��

��

��

��

��

��

��

��

��

��–1

,458

–1,5

01–1

,539

–1,5

71–1

,596

–1,6

16–1

,631

–1,6

42–1

,642

–6,0

69–1

4,19

6R

edu

ce t

he

tax

gap

and

mak

e re

form

s:E

xpan

d in

form

atio

n r

epor

tin

g:R

equ

ire

info

rmat

ion

rep

orti

ng

on

paym

ents

to

corp

orat

ion

s ��

��

��

��

��

–84

–612

–777

–924

–983

–1,0

40–1

,095

–1,1

52–1

,212

–1,2

75–3

,380

–9,1

54R

equ

ire

info

rmat

ion

rep

orti

ng

for

ren

tal

prop

erty

exp

ense

pay

men

ts �

��

��

��

��–1

79–2

67–2

81–2

96–3

12–3

27–3

42–3

57–3

72–3

87–1

,335

–3,1

20R

equ

ire

info

rmat

ion

rep

orti

ng

for

priv

ate

sepa

rate

acc

oun

ts o

f li

fe

insu

ran

ce c

ompa

nie

s ��

��

��

��

��

��

–1–2

–3–4

–4–6

–7–8

–10

–13

–14

–58

Req

uire

a c

erti

fied

Taxp

ayer

Ide

ntifi

cati

on

Num

ber

for

cont

ract

ors

��

��

��

��

��

��

–17

–44

–63

–72

–76

–79

–83

–86

–90

–94

–272

–704

Req

uir

e in

crea

sed

info

rmat

ion

rep

orti

ng

for

cert

ain

gov

ern

men

t pa

ymen

ts ��

��

��

–25

–70

–58

–28

–30

–32

–34

–35

–37

–39

–211

–388

Incr

ease

info

rmat

ion

retu

rn p

enal

ties

��

��

–20

–34

–35

–35

–36

–42

–43

–43

–44

–44

–160

–376

Su

btot

al, e

xpan

d in

form

atio

n

repo

rtin

g ��

��

��

��

��

��

��

��

��–3

26–1

,029

–1,2

17–1

,359

–1,4

41–1

,526

–1,6

04–1

,681

–1,7

65–1

,852

–5,3

72–1

3,80

0


–8.

Man

dat

ory

and

Rec

eip

t P

rop

osal

s—C

onti

nu

ed(D

efici

t in

crea

ses

(+) o

r de

crea

ses

(-) i

n m

illio

ns o

f dol

lars

)

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Tot

als

2011

–20

1520

11–

2020

Impr

ove

com

plia

nce

by

busi

nes

ses:

Req

uir

e el

ectr

onic

fili

ng

by c

erta

in la

rge

orga

niz

atio

ns

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��Im

plem

ent

stan

dard

s cl

arif

yin

g w

hen

em

ploy

ee le

asin

g co

mpa

nie

s ca

n b

e h

eld

liab

le f

or t

hei

r cl

ien

ts’ F

eder

al

empl

oym

ent

taxe

s ��

��

��

��

��

��

��

–4–6

–6–7

–7–7

–8–8

–9–9

–30

–71

Str

engt

hen

ru

les

pert

ain

ing

to

clas

sifi

cati

on o

f em

ploy

ees

as

inde

pen

den

t co

ntr

acto

rs ��

��

��

��

��

��–1

1–2

14–5

43–6

88–7

66–8

48–9

33–1

,020

–1,1

12–1

,208

–2,2

22–7

,343

Su

btot

al, i

mpr

ove

com

plia

nce

by

busi

nes

ses

��

��

��

��

��

��

��

��–1

5–2

20–5

49–6

95–7

73–8

55–9

41–1

,028

–1,1

21–1

,217

–2,2

52–7

,414

Str

engt

hen

tax

adm

inis

trat

ion

:C

odif

y “e

con

omic

su

bsta

nce

doc

trin

e” �

��

��–2

3–7

7–1

57–2

72–3

66–4

76–5

93–6

82–7

58–8

38–8

95–4

,242

All

ow a

sses

smen

t of

cri

min

al r

esti

tuti

on

as t

ax �

��

��

��

��

��

��

��

��

��

��

��–3

–4–4

–4–4

–4–4

–4–4

–15

–35

Rev

ise

offe

r-in

-com

prom

ise

appl

icat

ion

ru

les

��

��

��

��

��

��

��

��

��

–1–3

–3–3

–3–3

–3–3

–3–3

–4–1

5–3

1E

xpan

d IR

S a

cces

s to

info

rmat

ion

in t

he

Nat

ion

al D

irec

tory

of

New

Hir

es f

or

tax

adm

inis

trat

ion

pu

rpos

es �

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��M

ake

repe

ated

wil

lfu

l fai

lure

to

file

a

tax

retu

rn a

fel

ony

��

��

��

��

��

��

��

��

��

��–1

–1–1

–1–2

–2–2

–2–1

0Fa

cili

tate

tax

com

plia

nce

wit

h lo

cal

juri

sdic

tion

s �

��

��

��

��

��

��

��

��

��

��

��

��–1

–1–1

–1–1

–1–1

–6E

xten

d st

atu

te o

f li

mit

atio

ns

wh

ere

Sta

te a

dju

stm

ent

affe

cts

Fed

eral

tax

li

abil

ity

��

��

��

��

��

��

��

��

��

��–3

–4–4

–4–4

–5–5

–5–5

–6–1

9–4

5Im

prov

e in

vest

igat

ive

disc

losu

re s

tatu

te ��

��

��

��

��

��–1

–1–1

–1–2

–2–2

–2–1

0S

ubt

otal

, st

ren

gth

en t

ax

adm

inis

trat

ion

��

��

��

��

��

��–1

–29

–87

–168

–285

–380

–491

–608

–699

–775

–857

–949

–4,3

79E

xpan

d pe

nal

ties

:C

lari

fy t

he

bad

chec

k pe

nal

ty a

ppli

es t

o el

ectr

onic

ch

ecks

an

d ot

her

pay

men

t fo

rms

��

��

��

��

��

��

��

��

��

��

–1–2

–2–2

–3–3

–3–3

–4–4

–10

–27

Impo

se a

pen

alty

on

fai

lure

to

com

ply

wit

h e

lect

ron

ic fi

lin

g re

quir

emen

ts �

��

��

��

��

��

��–1

–1–1

–2–2

–2–1

–9

Su

btot

al, e

xpan

d pe

nal

ties

��

��

��

��

��

–1–2

–2–2

–4–4

–4–5

–6–6

–11

–36

Mod

ify

esta

te a

nd

gift

tax

val

uat

ion

di

scou

nts

an

d m

ake

oth

er r

efor

ms:

Req

uir

e co

nsi

sten

t va

luat

ion

for

tr

ansf

er a

nd

inco

me

tax

purp

oses

��

�–4

0–1

35–1

71–1

82–1

92–2

04–2

16–2

29–2

43–2

58–2

73–8

84–2

,103

Mod

ify

rule

s on

val

uat

ion

dis

cou

nts

��

��

��–6

66–1

,413

–1,5

31–1

,671

–1,8

18–1

,972

–2,1

35–2

,305

–2,4

84–2

,672

–7,0

99–1

8,66

7

164 SUMMARY TABLES

S–8

. M

and

ator

y an

d R

ecei

pt

Pro

pos

als—

Con

tin

ued

(Defi

cit

incr

ease

s (+

) or

decr

ease

s (-

) in

mill

ions

of d

olla

rs)

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Tot

als

2011

–20

1520

11–

2020

Req

uir

e a

min

imu

m t

erm

for

gra

nto

r re

tain

ed a

nn

uit

y tr

ust

s (G

RA

Ts)

��

��

��–1

5–4

6–9

3–1

60–2

31–3

08–3

89–4

77–5

70–6

70–5

45–2

,959

Su

btot

al, m

odif

y es

tate

an

d gi

ft t

ax

valu

atio

n d

isco

un

ts a

nd

mak

e ot

her

ref

orm

s ��

��

��

��

��

��

�–4

0–8

16–1

,630

–1,8

06–2

,023

–2,2

53–2

,496

–2,7

53–3

,025

–3,3

12–3

,615

–8,5

28–2

3,72

9S

ubt

otal

, red

uce

th

e ta

x ga

p an

d m

ake

refo

rms

��

��

��

��

��

–41

–1,1

87–2

,968

–3,7

42–4

,364

–4,8

51–5

,372

–5,9

10–6

,438

–6,9

79–7

,547

–17,

112

–49,

358

Ref

orm

tre

atm

ent

of in

sura

nce

inst

itu

tion

s an

d pr

odu

cts:

Mod

ify

rule

s th

at a

pply

to

sale

s of

life

in

sura

nce

con

trac

ts ��

��

��

��

��

��

��

��–2

2–7

1–8

4–1

01–1

17–1

36–1

56–1

79–2

04–2

33–3

95–1

,303

Mod

ify

divi

den

ds-r

ecei

ved

dedu

ctio

n f

or li

fe

insu

ran

ce c

ompa

ny

sepa

rate

acc

oun

ts �

��

��–1

49–3

79–4

07–4

32–4

41–4

68–4

92–5

11–5

12–5

15–1

,808

–4,3

06

Exp

and

pro

rata

inte

rest

exp

ense

di

sall

owan

ce f

or c

orpo

rate

-ow

ned

life

in

sura

nce

��

��

��

��

��

��

��

��

��

��

–20

–87

–183

–276

–437

–659

–910

–1,2

93–1

,731

–2,1

88–1

,003

–7,7

84

Per

mit

par

tial

an

nu

itiz

atio

n o

f a

non

qual

ified

an

nu

ity

con

trac

t ��

��

��

��

��–5

–21

–39

–59

–81

–105

–132

–160

–192

–226

–205

–1,0

20S

ubt

otal

, ref

orm

tre

atm

ent

of li

fe

insu

ran

ce a

nd

prod

uct

s ��

��

��

��

��

��–1

96–5

58–7

13–8

68–1

,076

–1,3

68–1

,690

–2,1

43–2

,639

–3,1

62–3

,411

–14,

413

Tot

al, o

ther

rev

enu

e ch

ange

s an

d lo

oph

ole

clos

ers

��

��

��

��

��

–1,1

33–2

8,58

5–4

5,52

0–5

0,15

3–5

0,84

2–4

9,37

5–4

8,56

5–4

8,26

9–4

7,51

9–4

8,75

4–4

9,99

8–2

24,4

75–4

67,5

80

Up

per

-In

com

e T

ax P

rovi

sion

s:U

pper

-in

com

e ta

x pr

ovis

ion

s de

vote

d to

defi

cit

redu

ctio

n:

Exp

and

the

28-p

erce

nt

rate

an

d re

inst

ate

the

36-p

erce

nt

and

39�6

-per

cen

t ra

tes

for

thos

e ta

xpay

ers

wit

h in

com

e ov

er

$250

,000

(m

arri

ed)

and

$200

,000

(si

ngl

e):

PA

YG

O �

��

��

��

��

��

��

��

��

��

698

1,07

51,

211

1,34

91,

479

1,61

71,

757

1,89

92,

035

2,17

55,

812

15,2

95N

on-P

AY

GO

��

��

��

��

��

��

��

��

–15,

207

–27,

292

–30,

506

–33,

905

–37,

155

–40,

426

–43,

717

–47,

034

–50,

434

–54,

058

–144

,065

–379

,734

Rei

nst

ate

the

pers

onal

exe

mpt

ion

ph

aseo

ut

and

lim

itat

ion

on

item

ized

ded

uct

ion

s fo

r th

ose

taxp

ayer

s w

ith

inco

me

over

$2

50,0

00 (

mar

ried

) an

d $2

00,0

00 (

sin

gle)

(n

on-P

AY

GO

) ��

��

��

��

��

��

��

��

��

–6,8

40–1

4,92

5–1

7,11

9–1

8,99

1–2

0,80

8–2

2,57

1–2

4,32

4–2

6,05

4–2

7,68

7–2

9,17

0–7

8,68

3–2

08,4

89

Impo

se 2

0-pe

rcen

t ta

x ra

te o

n c

apit

al g

ain

s an

d di

vide

nds

for

th

ose

taxp

ayer

s w

ith

in

com

e ov

er $

250,

000

(mar

ried

) an

d $2

00,0

00 (

sin

gle)

(n

on-P

AY

GO

)� ��

��

��

–1,3

44–1

2,16

526

3–3

,315

–8,2

30–1

1,37

2–1

2,37

0–1

3,28

8–1

4,16

2–1

4,97

3–1

5,75

2–3

4,81

9–1

05,3

64S

ubt

otal

, upp

er-i

nco

me

prov

isio

ns

devo

ted

to d

efici

t re

duct

ion

��

��

��

–1,3

44–3

3,51

4–4

0,87

9–4

9,72

9–5

9,77

7–6

7,85

6–7

3,75

0–7

9,57

2–8

5,35

1–9

1,05

9–9

6,80

5–2

51,7

55–6

78,2

92


–8.

Man

dat

ory

and

Rec

eip

t P

rop

osal

s—C

onti

nu

ed(D

efici

t in

crea

ses

(+) o

r de

crea

ses

(-) i

n m

illio

ns o

f dol

lars

)

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Tot

als

2011

–20

1520

11–

2020

Lim

it t

he

tax

rate

at

wh

ich

item

ized

de

duct

ion

s re

duce

tax

liab

ilit

y to

28

perc

ent

��

��–7

,896

–21,

582

–24,

500

–27,

019

–29,

351

–31,

570

–33,

938

–36,

268

–38,

426

–40,

625

–110

,348

–291

,175

Tot

al, u

pper

-in

com

e ta

x pr

ovis

ion

s ��

��

��

–1,3

44–4

1,41

0–6

2,46

1–7

4,22

9–8

6,79

6–9

7,20

7–1

05,3

20–1

13,5

10–1

21,6

19–1

29,4

85–1

37,4

30–3

62,1

03–9

69,4

67

Tra

de

Init

iati

ves:

Pro

mot

e tr

ade

��

��

��

��

��

��

��

��

��

��

145

430

552

606

647

680

705

729

753

777

2,38

06,

024

Oth

er I

nit

iati

ves:

Ext

end

and

mod

ify

the

New

Mar

kets

tax

cr

edit

��

��

��

��

��

��

��

��

��

��

��

��

113

229

345

430

480

511

510

441

279

103

1,59

73,

441

Ref

orm

an

d ex

ten

d bu

ild

Am

eric

a bo

nds

1 ��

��

��

–83

33

44

44

43

524

Tot

al, o

ther

init

iati

ves

��

��

��

��

��

��

��

105

232

348

433

484

515

514

445

283

106

1,60

23,

465

Man

dat

ory

Init

iati

ves

and

Sav

ings

: 8

Agr

icu

ltu

re:

En

act

An

imal

Pla

nt

and

Hea

lth

In

spec

tion

Ser

vice

(A

PH

IS)

fees

��

��

��

��

��

��

��

��

��

��

��

–20

–27

–27

–28

–29

–30

–31

–32

–33

–34

–131

–291

En

act

Foo

d S

afet

y an

d In

spec

tion

Ser

vice

(F

SIS

) pe

rfor

man

ce f

ee �

��

��

��

��

��

��

��

��

��

��

–11

–13

–13

–13

–14

–14

–14

–14

–15

–15

–64

–136

En

act

Gra

in I

nsp

ecti

on, P

acke

rs, a

nd

Sto

ckya

rds

Adm

inis

trat

ion

(G

IPS

A)

fees

��

��

��

��

��

��

��–2

9–3

0–3

1–3

1–3

1–3

2–3

2–3

2–3

3–3

4–1

52–3

15

En

act

Nat

ura

l Res

ourc

es C

onse

rvat

ion

Ser

vice

(N

RC

S)

fee

��

��

��

��

��

��

��

��

��

��

��

��–1

9–1

9–1

9–1

9–1

9–1

9–1

9–1

9–1

9–1

9–9

5–1

90

Eli

min

ate

Com

mod

ity

Sto

rage

pay

men

ts �

��

��

��

��–2

��

��

��

��

��

��

��

��

��

–2–2

Red

uce

com

mod

ity

paym

ents

to

wea

lth

y fa

rmer

s ��

��

–1–1

72–2

01–2

41–2

45–2

58–2

62–2

77–2

97–3

09–8

60–2

,263

Rea

uth

oriz

e C

hil

d N

utr

itio

n p

rogr

ams

��

��

��

��

��86

01,

000

1,00

01,

000

1,00

01,

000

1,00

01,

000

1,00

01,

000

4,86

09,

860

Ref

orm

Mar

ket

Acc

ess

Pro

gram

��

��

��

��

��

��

��–8

–38

–40

–40

–40

–40

–40

–40

–40

–40

–166

–366

Tot

al, A

gric

ult

ure

��

��

��

��

��

��

��

��

��

770

701

669

628

622

607

602

586

563

549

3,39

06,

297

Com

mer

ce:

Elim

inat

e gr

ants

to m

anuf

actu

rers

of w

orst

ed w

ool

��

��

–5–5

–5–5

–5��

��

��

��

��

��–2

5–2

5

Cor

ps o

f E

ngi

nee

rs:

Su

ppor

t ca

pita

l in

vest

men

t in

th

e in

lan

d w

ater

way

s (r

ecei

pt e

ffec

t) 2

��

��

��

��

��

��

��

��

–196

–163

–187

–129

–100

–72

–70

–68

–68

–675

–1,0

53

Def

ense

:

Impl

emen

t co

ncu

rren

t re

ceip

t po

licy

:E

ffec

t on

mil

itar

y re

tire

men

t ��

��

��

��

��

��

��21

734

643

551

153

154

155

056

057

058

12,

040

4,84

2A

ccru

al p

aym

ents

to

the

Mil

itar

y R

etir

emen

t F

un

d (n

on-P

AY

GO

) ��

��

��

��

��

��

��

��

��40

839

540

641

642

644

045

547

048

650

32,

051

4,40

5

166 SUMMARY TABLES

S–8

. M

and

ator

y an

d R

ecei

pt

Pro

pos

als—

Con

tin

ued

(Defi

cit

incr

ease

s (+

) or

decr

ease

s (-

) in

mill

ions

of d

olla

rs)

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Tot

als

2011

–20

1520

11–

2020

Mil

itar

y R

etir

emen

t F

un

d of

fset

tin

g re

ceip

ts

for

con

curr

ent

rece

ipt

accr

ual

s (n

on-

PA

YG

O)

��

��

��

��

��

��

��

��

��

��

��

–408

–395

–406

–416

–426

–440

–455

–470

–486

–503

–2,0

51–4

,405

Pay

men

ts t

o M

ilit

ary

Ret

irem

ent

Fu

nd

(non

-P

AY

GO

) ��

��

��

��

��

��

��

��

��

��

��

��46

948

750

552

460

462

765

167

570

072

72,

589

5,96

9M

ilit

ary

Ret

irem

ent

Fu

nd

offs

etti

ng

rece

ipts

(n

on-P

AY

GO

) ��

��

��

��

��

��

��

��

��

��

–469

–487

–505

–524

–604

–627

–651

–675

–700

–727

–2,5

89–5

,969

Pro

vide

add

itio

nal a

ccru

al p

aym

ents

to M

edic

are/

Elig

ible

Ret

iree

Hea

lth

Car

e F

und

(non

-PA

YG

O)

��

��–1

43��

��

��

��

��

��

��

��

��

��–1

43–1

43

Tot

al, D

efen

se �

��

��

��

��

��

��

��

��

��

��74

346

435

511

531

541

550

560

570

581

1,89

74,

699

Edu

cati

on:

Mak

e P

ell G

ran

t fu

ndi

ng

man

dato

ry a

nd

incr

ease

an

d in

dex

max

imu

m a

war

ds �

��

��

��

��

��

�2

825

2,60

32,

942

6,58

15,

183

6,61

68,

154

9,81

811

,873

14,0

3118

,134

68,6

26

Eli

min

ate

enti

tlem

ents

for

fin

anci

al in

term

edia

ries

u

nde

r th

e Fa

mil

y F

eder

al E

duca

tion

Loa

n

Pro

gram

��

��

��

��

��

��

��

��

��

��

��

�–2

,266

–8,0

34–6

,527

–4,4

58–3

,098

–2,9

75–3

,184

–3,4

14–3

,636

–3,8

40–4

,129

–25,

092

–43,

294

Exp

and

inco

me-

base

d re

paym

ent

opti

ons

for

Fed

eral

stu

den

t lo

ans

��

��

��

��

��

��

��

��1,

692

448

512

551

586

644

708

774

842

1,15

81,

265

2,74

17,

487

Ext

end

man

dato

ry f

un

din

g fo

r H

isto

rica

lly

Bla

ck

Col

lege

s an

d U

niv

ersi

ties

an

d ot

her

Min

orit

y-S

ervi

ng

Inst

itu

tion

s ��

��

��

��

��

��

��

��

��13

186

232

255

255

255

255

255

255

255

255

1,18

32,

458

Cre

ate

a n

ew G

radu

atio

n P

rom

ise

Gra

nts

pro

gram

to

str

engt

hen

hig

h s

choo

ls �

��

��

��

��

��

��

2014

026

038

026

014

0��

��

��

��

��

��1,

180

1,18

0

Cre

ate

a n

ew E

arly

Lea

rnin

g C

hal

len

ge F

un

d ��

��

3145

658

889

996

61,

000

1,00

01,

000

1,00

01,

000

1,00

03,

909

8,90

9

Cre

ate

a n

ew A

cces

s an

d C

ompl

etio

n F

un

d pr

ogra

m �

��

��

��

��

��

��

��

��

��

��

��

117

583

700

700

700

583

117

��

��

��

��

3,26

63,

383

Pro

vide

man

dato

ry f

un

din

g fo

r co

mm

un

ity

coll

eges

to

su

ppor

t th

e A

mer

ican

Gra

duat

ion

In

itia

tive

��

354

199

176

595

879

395

095

095

095

095

04,

046

8,79

6

Mod

ern

ize

Per

kin

s lo

ans

��

��

��

��

��

��

��

��

��–7

36–7

09–6

14–5

63–5

83–5

89–5

39–4

68–3

96–2

74–3

,205

–5,4

71

Tot

al, E

duca

tion

��

��

��

��

��

��

��

��

��–3

88–5

,592

–1,3

511,

420

6,64

55,

039

5,87

37,

180

8,76

111

,000

13,0

986,

162

52,0

74

En

ergy

:

Rep

eal u

ltra

-dee

pwat

er o

il a

nd

gas

rese

arch

an

d de

velo

pmen

t pr

ogra

m �

��

��

��

��

��

��

��

��

–20

–40

–50

–50

–30

–10

��

��

��

��

–190

–200

En

viro

nm

enta

l Pro

tect

ion

Age

ncy

:

En

act

pest

icid

e an

d pr

e-m

anu

fact

ure

not

ifica

tion

(P

MN

) fe

es �

��

��

��

��

��

��

��

��

��

��

��

–50

–54

–80

–83

–89

–89

–92

–92

–95

–95

–356

–819

Hea

lth

an

d H

um

an S

ervi

ces

(HH

S):

Exp

and

chil

d ca

re e

nti

tlem

ent

to S

tate

s ��

��

��

��

��50

275

396

11,

115

1,10

61,

142

1,22

61,

314

1,40

31,

493

4,43

711

,015


–8.

Man

dat

ory

and

Rec

eip

t P

rop

osal

s—C

onti

nu

ed(D

efici

t in

crea

ses

(+) o

r de

crea

ses

(-) i

n m

illio

ns o

f dol

lars

)

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Tot

als

2011

–20

1520

11–

2020

Ext

end

AR

RA

ch

ild

supp

ort

enfo

rcem

ent

ince

nti

ve

mat

ch p

rovi

sion

��

��

��

��

��

��

��

��

��

��

��55

511

4��

��

��

��

��

��

��

��

��66

966

9

Cre

ate

a L

IHE

AP

tri

gger

��

��

��

��

��

��

��

��

��1,

460

1,47

51,

115

690

373

285

258

250

250

250

5,11

36,

406

Con

tin

ue

chil

d w

elfa

re s

tudy

��

��

��

��

��

��

��

��3

21

��

��

��

��

��

��

��

66

Exp

and

CM

S p

rogr

am in

tegr

ity

auth

orit

y ��

��

��

��

–109

–213

–1,1

21–1

,250

–1,4

18–1

,564

–1,6

60–1

,784

–1,9

12–2

,047

–4,1

11–1

3,07

8

Ext

end

TA

NF

su

pple

men

tal g

ran

ts �

��

��

��

��

��

251

644

��

��

��

��

��

��

��

319

319

Est

abli

sh F

ath

erh

ood,

Mar

riag

e, a

nd

Fam

ilie

s In

nov

atio

n F

un

d ��

��

��

��

��

��

��

��

��

��

��–1

1822

014

810

0��

��

��

��

��

��

��35

035

0

Impr

ove

chil

d su

ppor

t en

forc

emen

t to

ols

��

��

��

��

1–2

–2–2

–2–2

–2–2

–2–2

–7–1

7

Ou

tyea

r co

sts

of e

xten

din

g T

AN

F s

upp

lem

enta

l gr

ants

��

��

��

��

��

��

��

��

��

��

��

��

��

��

251

315

319

319

319

319

319

319

319

1,20

42,

799

Rea

uth

oriz

e th

e C

ourt

Im

prov

emen

t P

rogr

am �

��

��

14

1618

2019

164

2��

��59

100

Su

ppor

t te

en p

regn

ancy

pre

ven

tion

��

��

��

��

��

��20

4248

4950

5050

5050

5020

945

9

Tot

al, H

HS

��

��

��

��

��

��

��

��

��

��

��

2,56

62,

710

1,48

51,

039

448

249

207

151

110

638,

248

9,02

8

Hom

elan

d S

ecu

rity

:

Elim

inat

e gr

ants

to m

anuf

actu

rers

of w

orst

ed w

ool

��

��

55

55

��

��

��

��

��

��

2020

Hou

sin

g an

d U

rban

Dev

elop

men

t:

Pro

vide

fu

ndi

ng

for

the

Aff

orda

ble

Hou

sin

g T

rust

F

un

d ��

��

��

��

��

��

��

��

��

��

��

��

��

��20

140

250

250

240

100

��

��

��

��

900

1,00

0

Inte

rior

:

Incr

ease

fee

s fo

r m

igra

tory

bir

d h

un

tin

g an

d co

nse

rvat

ion

sta

mps

2 ��

��

��

��

��

��

��

��

��

–4��

��

��

��

��

��

��

��

��

��–4

–4

Incr

ease

ret

urn

fro

m m

iner

als

on F

eder

al la

nds

:E

nd

Aba

ndo

ned

Min

e L

ands

(A

ML

) pa

ymen

ts

to c

erti

fied

Sta

tes

��

��

��

��

��

��

��

��

��–1

15–1

71–1

77–1

76–9

7–7

2–7

5–1

23–1

40–9

5–7

36–1

,241

Impo

se f

ee o

n n

onpr

odu

cin

g oi

l an

d ga

s le

ases

��

��–8

–22

–38

–53

–67

–80

–97

–114

–132

–149

–188

–760

Rep

eal E

ner

gy P

olic

y A

ct f

ee p

roh

ibit

ion

an

d m

anda

tory

per

mit

fu

nds

��

��

��

��

��

��

��

��–2

2–2

2–2

1–2

0��

��

��

��

��

��–8

5–8

5

Rea

uth

oriz

e F

eder

al la

nd

sale

s/ac

quis

itio

n la

w

(FLT

FA

) ��

��

��

��

��

��

��

��

��

��

��

��

��–4

–6–1

1–1

2–3

��

��

��

��

��

–36

–36

Rep

eal g

eoth

erm

al p

aym

ents

to

cou

nti

es u

nde

r E

PA

ct �

��

��

��

��

��

��

��

��

��

��

��

��

��–8

–8–8

–8–8

–8–8

–8–8

–8–4

0–8

0

Ret

urn

to

net

rec

eipt

s sh

arin

g fo

r en

ergy

min

eral

s

��

��

–45

–45

–47

–51

–50

–51

–51

–54

–56

–188

–450

Res

erve

fu

nds

for

insu

lar

affa

irs

assi

stan

ce ��

��

��

��

2121

2121

1616

1616

1615

100

179

Tot

al, I

nte

rior

��

��

��

��

��

��

��

��

��

��

–118

–253

–280

–296

–230

–194

–215

–280

–318

–293

–1,1

77–2

,477

168 SUMMARY TABLES

S–8

. M

and

ator

y an

d R

ecei

pt

Pro

pos

als—

Con

tin

ued

(Defi

cit

incr

ease

s (+

) or

decr

ease

s (-

) in

mill

ions

of d

olla

rs)

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Tot

als

2011

–20

1520

11–

2020

Lab

or:

Impl

emen

t u

nem

ploy

men

t in

sura

nce

inte

grit

y le

gisl

atio

n: 2,

9 ��

��

��

��

��

��

��

��

��

��

�P

AY

GO

��

��

��

��

��

��

��

��

��

��

��

��

��

–190

–218

–162

–164

–179

–202

–114

–199

–214

–734

–1,6

42N

on-P

AY

GO

��

��

��

��

��

��

��

��

��

��

��

��–7

4–1

48–1

38–1

17–3

483

–377

2671

–477

–708

Ref

orm

FE

CA

pro

gram

��

��

��

��

��

��

��

��

��

–10

–14

–7–1

0–2

0–2

9–3

9–5

0–6

0–7

1–6

1–3

10

Ext

end

fore

ign

labo

r ce

rtifi

cati

on f

ees

��

��

��

��

��

��

��

117

1818

2020

2021

3613

5

Ref

orm

Tra

de A

dju

stm

ent

Ass

ista

nce

��

��

��

��

��

145

564

796

1,04

494

888

484

683

284

787

93,

497

7,78

5

Tot

al, L

abor

��

��

��

��

��

��

��

��

��

��

��13

528

642

475

166

566

070

831

163

468

62,

261

5,26

0

Sta

te:

Ch

ange

ret

enti

on p

olic

y fo

r co

nsu

lar

fees

(re

ceip

t ef

fect

) 2 ��

��

��

��

��

��

��

��

��

��

��

��

��

782

810

825

840

857

873

891

909

927

946

4,11

48,

660

Tre

asu

ry:

Lev

y pa

ymen

ts t

o F

eder

al c

ontr

acto

rs w

ith

de

lin

quen

t ta

x de

bt:

Au

thor

ize

post

-lev

y du

e pr

oces

s (r

ecei

pt

effe

ct) 2

��

��

��

��

��

��

��

��

��

��

��

–77

–115

–119

–124

–109

–113

–118

–122

–127

–132

–544

–1,1

56In

crea

se le

vy a

uth

orit

y to

100

per

cen

t fo

r ve

ndo

r pa

ymen

ts (

rece

ipt

effe

ct) 2

��

��

��

��

–61

–87

–86

–90

–78

–82

–85

–88

–92

–96

–402

–845

Rev

ise

terr

oris

m r

isk

insu

ran

ce p

rogr

am 2

��

��

��

��–2

6–4

2–1

02–1

34–7

455

134

–39

–9–1

2–3

78–2

49

Off

set

tax

refu

nds

to

coll

ect

deli

quen

t ta

xes

for

out-

of-s

tate

res

iden

ts �

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

Est

abli

sh F

MS

deb

t co

llec

tion

fee

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

Res

tru

ctu

re a

ssis

tan

ce t

o N

ew Y

ork

Cit

y (N

YC

): P

rovi

de t

ax in

cen

tive

s fo

r tr

ansp

orta

tion

in

fras

tru

ctu

re (

rece

ipt

effe

ct) 2

��

��

��

��

��

��

200

200

200

200

200

200

200

200

200

200

1,00

02,

000

Tot

al, T

reas

ury

��

��

��

��

��

��

��

��

��

��

36–4

4–1

07–1

48–6

160

131

–49

–28

–40

–324

–250

Vet

eran

s A

ffai

rs:

Impl

emen

t co

ncu

rren

t re

ceip

t po

licy

:E

ffec

t on

Vet

eran

s di

sabi

lity

pay

men

ts ��

��

��

��

4749

5153

5454

5453

5352

254

520

Ext

end

VB

A p

ensi

on li

mit

atio

n ��

��

��

��

��

��

��

��

–559

–571

–584

–597

–611

��

��

��

��

–2,3

11–2

,922

Med

icai

d im

pact

��

��

��

��

��

��

��

��

��

��

��31

332

633

935

336

7��

��

��

��

��1,

331

1,69

8

Ref

orm

cri

teri

a fo

r sp

ecia

l mon

thly

pen

sion

��

��

��

��–3

–6–1

0–1

3–1

6–2

0–2

3–2

7–3

0–3

3–4

8–1

81

Ext

end

VB

A a

uth

orit

y fo

r u

se o

f H

HS

dat

a ��

��

��

��

��

21

��

–1–2

–3–4

–5–5

2–1

7

Ext

end

vete

ran

s in

com

e ve

rifi

cati

on ��

��

��

��

��

��

��

20–7

–13

–20

–27

��

��

��

��

–20

–47

Pro

vide

au

thor

ity

for

ven

dee

loan

poo

lin

g ��

��

��

��

��

��–8

6–9

9–5

��

��

��

��

��

��

–190

–190

Tot

al, V

eter

ans

Aff

airs

��

��

��

��

��

��

��

��

44–2

67–3

09–2

23–2

27–2

3928

2218

14–9

82–1

,139


–8.

Man

dat

ory

and

Rec

eip

t P

rop

osal

s—C

onti

nu

ed(D

efici

t in

crea

ses

(+) o

r de

crea

ses

(-) i

n m

illio

ns o

f dol

lars

)

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Tot

als

2011

–20

1520

11–

2020

Fed

eral

Com

mu

nic

atio

ns

Com

mis

sion

:

Au

ctio

n d

omes

tic

sate

llit

e sp

ectr

um

��

��

��

��

��

��–1

00–7

5–2

5��

��

��

��

��

��

��

��–2

00–2

00

Pro

vide

per

man

ent

auct

ion

au

thor

ity

��

��

��

��

��

��

��

–200

–200

–200

–200

–200

–200

–200

–200

–600

–1,6

00

En

act

spec

tru

m li

cen

se u

ser

fee

��

��

��

��

��

��–5

0–2

00–3

00–4

25–5

50–5

50–5

50–5

50–5

50–5

50–5

50–2

,025

–4,7

75

Elim

inat

e Te

leco

mm

unic

atio

ns D

evel

opm

ent F

und

��

–3–7

–7–7

–6–6

–6–6

–6–6

–6–3

3–6

3

Tota

l, Fe

dera

l Com

mun

icat

ions

Com

mis

sion

��

–53

–307

–382

–657

–756

–756

–756

–756

–756

–756

–756

–2,8

58–6

,638

Soc

ial S

ecu

rity

Adm

inis

trat

ion

:

Req

uir

e S

tate

s an

d lo

cali

ties

to

prov

ide

pen

sion

in

form

atio

n (

non

-PA

YG

O)

��

��

��

��

��

��

��

��

��

��

��–1

72–3

75–4

92–5

23–4

78–4

52–4

17–5

47–2

,909

Rev

ert

to Q

uar

terl

y W

age

Rep

orti

ng

(non

-PA

YG

O)

��

��20

3010

0��

��

��

��

��

��

��

��15

015

0

Tot

al, S

ocia

l Sec

uri

ty A

dmin

istr

atio

n �

��

��

��

��20

3010

0–1

72–3

75–4

92–5

23–4

78–4

52–4

17–3

97–2

,759

Oth

er I

nde

pen

den

t A

gen

cies

:

Ref

orm

fin

anci

al r

egu

lato

ry s

yste

m �

��

��

��

��

��

867

1,59

52,

204

2,58

32,

893

3,05

22,

397

1,85

51,

433

1,14

110

,142

20,0

20

Refl

ect

disc

rim

inat

ion

cla

ims

sett

lem

ent

(non

-P

AY

GO

) ��

��

��

��

��

��

��

��

��

��

��

��69

023

023

0��

��

��

��

��

��

��

��

��46

046

0

Tot

al, o

ther

inde

pen

den

t ag

enci

es ��

��

��

��

690

1,09

71,

825

2,20

42,

583

2,89

33,

052

2,39

71,

855

1,43

31,

141

10,6

0220

,480

Mu

lti-

Age

ncy

:

Fu

nd

Cob

ell s

ettl

emen

t co

sts:

PA

YG

O �

��

��

��

��

��

��

��

��

��

��

��10

040

040

020

020

020

020

020

010

0��

��

��1,

400

1,90

0N

on-P

AY

GO

��

��

��

��

��

��

��

��

��

��1,

412

��

��

��

��

��

��

��

��

��

��

��

��

Impl

emen

t pr

ogra

m in

tegr

ity

allo

cati

on

adju

stm

ents

(n

on-P

AY

GO

) 2 ��

��

��

��

��

��

��

��–1

,864

–4,5

55–7

,005

–9,4

52–1

2,50

7–1

5,80

7–1

7,93

9–1

9,44

8–2

1,13

8–2

2,50

6–3

5,38

3–1

32,2

21

Exc

lude

ref

un

dabl

e ta

x cr

edit

s fr

om m

ean

s-te

sted

pr

ogra

ms

��

��

��

��

��

��

��

��

��

��

��

2626

2625

2525

2423

2322

2212

724

1

Ref

orm

ass

et li

mit

s in

mea

ns-

test

ed p

rogr

ams

��

��

��42

681

31,

145

1,09

01,

027

982

965

973

986

986

4,50

19,

393

Tot

al, m

ult

i-ag

ency

��

��

��

��

��

��

��

��1,

538

–1,0

12–3

,316

–5,6

35–8

,137

–11,

255

–14,

601

–16,

751

–18,

352

–20,

130

–21,

498

–29,

355

–120

,687

Ou

tyea

r P

AY

GO

Im

pac

t of

Ch

ange

s in

M

and

ator

y P

rogr

ams

incl

ud

ed i

n

Ap

pro

pri

atio

ns

Lan

guag

e:

Just

ice,

Cri

me

Vic

tim

s F

un

d O

blig

atio

n D

elay

��

��

��

��2,

731

1,36

645

5��

��

��

��

��

��

��4,

552

4,55

2

Tot

al, m

and

ator

y an

d r

ecei

pt

pro

pos

als

......

...11

4,30

981

,497

–69,

867

–137

,843

–137

,205

–128

,927

–121

,145

–138

,590

–152

,488

–165

,698

–178

,834

–392

,346

–1,1

49,1

00N

ote:

For

rec

eipt

eff

ects

, pos

itiv

e fi

gure

s in

dica

te lo

wer

rec

eipt

s� F

or o

utl

ay e

ffec

ts, p

osit

ive

figu

res

indi

cate

hig

her

ou

tlay

s� F

or n

et c

osts

, pos

itiv

e fi

gure

s in

dica

te h

igh

er

defi

cits

� N

ote:

Fig

ure

s di

spla

yed

in t

he

tabl

e do

not

refl

ect

the

impa

ct o

f an

y re

com

men

dati

ons

from

th

e F

isca

l Com

mis

sion

�

170 SUMMARY TABLES

S–8

. M

and

ator

y an

d R

ecei

pt

Pro

pos

als—

Con

tin

ued

(Defi

cit

incr

ease

s (+

) or

decr

ease

s (-

) in

mill

ions

of d

olla

rs)

1 T

he

esti

mat

es f

or t

his

pro

posa

l in

clu

de e

ffec

ts o

n o

utl

ays�

Th

e ou

tlay

eff

ects

incl

ude

d in

th

e to

tals

abo

ve a

re li

sted

bel

ow:

20

1020

1120

1220

1320

1420

1520

1620

1720

1820

1920

2020

11–

2015

2011

–20

20

Ext

end

mak

ing

wor

k pa

y ta

x cr

edit

in 2

011

��

��

��

703

21,2

65��

��

��

��

��

��

��

��

��21

,968

21,9

68

Ext

end

CO

BR

A h

ealt

h in

sura

nce

pre

miu

m

assi

stan

ce �

��

��

��

��

��

��

��

��

��

��

�31

952

423

��

��

��

��

��

��

��

��

547

547

Ext

end

opti

on f

or g

ran

ts t

o S

tate

s in

lieu

of

hou

sin

g ta

x cr

edit

s ��

��

��

��

��

��

��

��

��

2,43

51,

815

��

��

��

��

��

��

��

��

1,81

51,

815

Exp

and

earn

ed in

com

e ta

x cr

edit

��

��

��

��

��

��

831,

667

1,63

51,

628

1,62

21,

634

1,65

91,

689

1,72

61,

762

6,63

515

,105

Exp

and

chil

d an

d de

pen

den

t ca

re t

ax c

redi

t ��

��

��

��

��39

940

640

339

840

340

640

840

740

91,

606

3,63

9

Pro

vide

for

au

tom

atic

en

roll

men

t in

IR

As

and

dou

ble

the

tax

cred

it f

or s

mal

l em

ploy

er p

lan

st

artu

p co

sts

��

��

��

��

��

��

��

��

��

��

��

��

8314

614

915

817

720

022

325

028

153

61,

667

Exp

and

save

r’s

cred

it �

��

��

��

��

��

��

��

��

��

570

3,71

51,

402

1,36

91,

366

1,34

91,

337

1,33

91,

340

1,35

38,

422

15,1

40

Pro

vide

Am

eric

an o

ppor

tun

ity

tax

cred

it �

��

��

��

��

��2,

941

3,05

83,

146

3,26

83,

441

3,36

33,

330

3,31

03,

302

12,4

1329

,159

Con

tin

ue

cert

ain

exp

irin

g pr

ovis

ion

s th

rou

gh

cale

nda

r ye

ar 2

011

��

��

��

��

��

��

��

��

�66

9123

��

��

��

��

��

��

��

��

114

114

Eli

min

ate

adva

nce

d ea

rned

inco

me

tax

cred

it �

��

��

��–1

20–7

2–7

0–6

9–6

8–6

9–6

9–7

2–7

4–7

7–3

99–7

60

Ref

orm

an

d ex

ten

d bu

ild

Am

eric

a bo

nds

��

��

��

��

��26

61,

216

2,63

04,

108

5,60

87,

105

8,59

510

,078

11,5

5413

,023

13,8

2864

,183

Tot

al o

utl

ay e

ffec

ts o

f re

ceip

t pr

opos

als

��

��

2,82

03,

932

31,2

609,

207

10,7

3412

,352

14,0

4015

,491

16,9

9518

,513

20,0

5367

,485

152,

577

2 T

he

esti

mat

es f

or t

his

pro

posa

l in

clu

de e

ffec

ts o

n r

ecei

pts�

Th

e re

ceip

t ef

fect

s in

clu

ded

in t

he

tota

ls a

bove

are

list

ed b

elow

�

20

1020

1120

1220

1320

1420

1520

1620

1720

1820

1920

2020

11–

2015

2011

–20

20

Pro

vide

$25

0 ec

onom

ic r

ecov

ery

paym

ents

��

��

��38

–1,9

59��

��

��

��

��

��

��

��

��

��–1

,959

–1,9

59

Jobs

init

iati

ves

allo

wan

ce �

��

��

��

��

��

��

��

12,0

0025

,000

8,00

03,

000

2,00

0��

��

��

��

��

��

��38

,000

38,0

00

Hea

lth

insu

ran

ce a

llow

ance

��

��

��

��

��

��

��

��–1

6,00

0–1

7,50

0–4

0,50

0–5

7,00

0–7

5,50

0–8

9,50

0–9

8,00

0–1

06,5

00–1

16,0

00–1

26,5

00–2

06,5

00–7

43,0

00

Pre

serv

e co

st-s

har

ing

of in

lan

d w

ater

way

s ca

pita

l co

sts

��

��

��

��

��

��

��

��

��

��

��

��

��

��

–196

–163

–187

–129

–100

–72

–70

–68

–68

–675

–1,0

53

Incr

ease

fee

s fo

r m

igra

tory

bir

d h

un

tin

g an

d co

nse

rvat

ion

sta

mps

��

��

��

��

��

��

��

��

��

–14

–14

–14

–14

–14

–14

–14

–14

–14

–14

–70

–140

Impl

emen

t u

nem

ploy

men

t in

sura

nce

inte

grit

y le

gisl

atio

n:

PA

YG

O �

��

��

��

��

��

��

��

��

��

��

��

��

��–3

9–4

0–2

7–3

2–4

9–7

219

–62

–73

–138

–375

Non

-PA

YG

O �

��

��

��

��

��

��

��

��

��

��

��

–3–2

1136

124

247

–208

200

252

4265

7

Ch

ange

ret

enti

on p

olic

y fo

r pa

sspo

rt a

ppli

cati

on

fees

��

��

��

��

��

��

��

��

��

��

��

��

��

��78

281

082

584

085

787

389

190

992

794

64,

114

8,66

0

Au

thor

ize

post

-lev

y du

e pr

oces

s ��

��

��

��

��

��

��

–77

–115

–119

–124

–109

–113

–118

–122

–127

–132

–544

–1,1

56

Incr

ease

levy

au

thor

ity

to 1

00 p

erce

nt

for

ven

dor

paym

ents

��

��

��

��

��

��

��

��

��

��

��

��

–61

–87

–86

–90

–78

–82

–85

–88

–92

–96

–402

–845

Rev

ise

terr

oris

m r

isk

insu

ran

ce p

rogr

am ��

��

��

��

��

��21

1845

9917

320

56

2115

183

603


–8.

Man

dat

ory

and

Rec

eip

t P

rop

osal

s—C

onti

nu

ed(D

efici

t in

crea

ses

(+) o

r de

crea

ses

(-) i

n m

illio

ns o

f dol

lars

)

20

1020

1120

1220

1320

1420

1520

1620

1720

1820

1920

2020

11–

2015

2011

–20

20

Res

tru

ctu

re a

ssis

tan

ce t

o N

YC

: Pro

vide

tax

in

cen

tive

s fo

r tr

ansp

orta

tion

infr

astr

uct

ure

��

��

��20

020

020

020

020

020

020

020

020

020

01,

000

2,00

0

Impl

emen

t pr

ogra

m in

tegr

ity

allo

cati

on

adju

stm

ents

– I

RS

��

��

��

��

��

��

��

��

��

��–3

85–1

,164

–2,3

55–3

,955

–6,0

15–7

,987

–9,2

38–9

,931

–10,

378

–10,

809

–13,

874

–62,

217

Tot

al r

ecei

pt e

ffec

ts o

f m

anda

tory

pro

posa

ls �

��12

,038

7,48

6–1

0,08

7–3

9,23

6–5

8,30

1–8

0,68

5–9

6,47

5–1

06,0

56–1

15,7

99–1

25,3

93–1

36,2

79–1

80,8

23–7

60,8

253 A

llow

ance

refl

ects

th

e av

erag

e bu

dget

impa

cts

of t

he

Hou

se-

and

Sen

ate-

pass

ed h

ealt

h c

are

refo

rm b

ills

, ext

rapo

late

d to

202

0 an

d ad

just

ed t

o re

mov

e th

e ef

fect

s of

fou

r pr

ovis

ion

s al

read

y in

clu

ded

expl

icit

ly a

s 20

11 B

udg

et p

ropo

sals

� T

he

fou

r ad

just

men

ts a

re f

or p

ropo

sals

to

requ

ire

info

rmat

ion

rep

orti

ng

on p

aym

ents

to

corp

orat

ion

s,

codi

fy t

he

econ

omic

su

bsta

nce

doc

trin

e, m

odif

y ce

llu

losi

c bi

ofu

el p

rodu

cer

cred

it, a

nd

exte

nd

FM

AP

rel

ief

to S

tate

s�4 A

com

preh

ensi

ve m

arke

t-ba

sed

clim

ate

chan

ge p

olic

y w

ill b

e de

fici

t n

eutr

al b

ecau

se p

roce

eds

from

em

issi

ons

allo

wan

ces

wil

l be

use

d to

com

pen

sate

vu

lner

able

fam

ilie

s,

com

mu

nit

ies,

an

d bu

sin

esse

s du

rin

g th

e tr

ansi

tion

to

a cl

ean

en

ergy

eco

nom

y� R

ecei

pts

wil

l als

o be

res

erve

d fo

r in

vest

men

ts t

o re

duce

gre

enh

ouse

gas

em

issi

ons,

incl

udi

ng

supp

ort

of c

lean

en

ergy

tec

hn

olog

ies,

an

d in

ada

ptin

g to

th

e im

pact

s of

cli

mat

e ch

ange

, bot

h d

omes

tica

lly

and

in d

evel

opin

g co

un

trie

s�

5 R

ecei

pt e

ffec

ts u

nle

ss o

ther

wis

e n

oted

�6 T

he

Adm

inis

trat

ion

con

tin

ues

to

supp

ort

expa

ndi

ng

refu

nda

bili

ty o

f th

e ch

ild

tax

cred

it b

y lo

wer

ing

the

refu

nda

bili

ty t

hre

shol

d to

$3,

000,

as

wel

l as

the

expa

nsi

on o

f th

e ea

rned

inco

me

tax

cred

it f

or m

arri

ed c

oupl

es b

y in

crea

sin

g th

e ph

ase-

out

thre

shol

d by

$5,

000

com

pare

d to

oth

er fi

lers

� T

hes

e po

lici

es a

re in

corp

orat

ed in

th

e ba

seli

ne

proj

ecti

on o

f cu

rren

t po

licy

�7 T

his

pro

visi

on is

est

imat

ed t

o h

ave

zero

rec

eipt

eff

ects

un

der

the

Adm

inis

trat

ion

’s c

urr

ent

proj

ecti

ons

for

ener

gy p

rice

s�8 O

utl

ay e

ffec

ts u

nle

ss o

ther

wis

e n

oted

�9 N

et o

f in

com

e of

fset

s�

172 SUMMARY TABLES

Tab

le S

–9.

Bri

dge

Bet

wee

n T

otal

Man

dat

ory

and

R

ecei

pt

Pro

pos

als

and

PA

YG

O S

core

kee

pin

gD

efici

t in

crea

ses

(+) o

r de

crea

ses

(–) i

n m

illio

ns o

f dol

lars

Tot

al 1

2011

-202

0 to

tal m

anda

tory

an

d re

ceip

t pr

opos

als,

Tab

le S

–8 �

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

–1,1

49,1

00

P

lus

2010

eff

ects

: PA

YG

O in

clu

des

a “l

ookb

ack”

pro

visi

on t

o ca

ptu

re c

urr

ent-

year

cos

ts �

��

��

��

��

��

��

�11

4,30

9

2010

–202

0 to

tal

man

dat

ory

and

rec

eip

t p

rop

osal

s an

d c

lim

ate

pol

icie

s, T

able

S–8

.....

......

......

......

......

......

......

–1,0

34,7

91

Ad

just

men

ts t

o re

mov

e co

sts

or s

avin

gs f

or n

on-P

AY

GO

ite

ms

on S

–8:

T

empo

rary

rec

over

y m

easu

res

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

–266

,351

S

avin

gs f

rom

not

ext

endi

ng

upp

er-i

nco

me

tax

cuts

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

694,

931

P

rogr

am in

tegr

ity

and

oth

er s

avin

gs g

ener

ated

by

incr

ease

d di

scre

tion

ary

fun

din

g ��

��

��

��

��

��

��

��

135,

838

O

ther

non

-PA

YG

O it

ems

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��–3

,847

Tot

al, a

dju

stm

ents

for

non

-PA

YG

O i

tem

s ..

......

......

......

......

......

......

......

......

......

......

......

......

......

......

......

......

...56

1,26

1

TO

TA

L: N

et s

core

able

PA

YG

O s

avin

gs i

n A

dm

inis

trat

ion

’s b

ud

get

....

......

......

......

......

......

......

......

......

......

......

...–4

73,5

30N

ote:

Fig

ure

s di

spla

yed

in t

he

tabl

e do

not

refl

ect

the

impa

ct o

f an

y re

com

men

dati

ons

from

th

e F

isca

l Com

mis

sion

�1 T

otal

s re

pres

ent

2010

-202

0 u

nle

ss o

ther

wis

e st

ated

�


able

S–1

0.

Fu

nd

ing

Lev

els

for

Ap

pro

pri

ated

(“D

iscr

etio

nar

y”)

Pro

gram

s b

y C

ateg

ory

1

(Bud

geta

ry r

esou

rces

in b

illio

ns o

f dol

lars

)

2009

Act

ual

2010

En

acte

d20

11R

equ

est

Tot

als

2012

2013

2014

2015

2016

2017

2018

2019

2020

2011

–20

1520

11–

2020

Non

-A

RR

AA

RR

A2

Dis

cret

ion

ary

Pol

icy

by

Cat

egor

y:

Sec

uri

ty A

gen

cies

��

��

��

��

��65

0�1

12�0

683�

771

9�2

747�

576

8�7

789�

781

4�0

834�

685

6�5

879�

090

2�7

927�

63,

839�

08,

239�

4N

on-S

ecu

rity

Age

nci

es �

��

��

��

407�

825

3�1

446�

344

1�3

446�

444

6�2

459�

147

2�3

478�

748

8�8

501�

651

7�0

537�

52,

265�

24,

788�

9

Tot

al, B

ase

Dis

cret

ion

ary

Fu

nd

ing

....

1,05

7.9

265.

11,

130.

01,

160.

51,

193.

91,

214.

91,

248.

81,

286.

21,

313.

31,

345.

31,

380.

61,

419.

71,

465.

16,

104.

313

,028

.3

Oth

er D

iscr

etio

nar

y F

un

din

g (n

ot

incl

ud

ed a

bov

e):

Ove

rsea

s C

onti

nge

ncy

O

pera

tion

s3 ��

��

��

��

��

��

145�

9��

��13

0�0

159�

350

�050

�050

�050

�050

�050

�050

�050

�050

�035

9�3

609�

3O

ther

Su

pple

men

tal/E

mer

gen

cy

Fu

ndi

ng

��

��

��

��

��

��

�44

�1��

��0�

4��

��

��

��

��

��

��

��

��

��

��

��

��P

ropo

sed

2010

Su

pple

men

tal

Fu

ndi

ng

4 ��

��

��

��

��

��

��

��

��41

�1��

��

��

��

��

��

��

��

��

��

��

��

��

Gra

nd

Tot

al, D

iscr

etio

nar

y B

ud

geta

ry R

esou

rces

....

......

.....

1,24

8.0

265.

11,

301.

51,

319.

81,

243.

91,

264.

91,

298.

81,

336.

21,

363.

31,

395.

31,

430.

61,

469.

71,

515.

16,

463.

613

,637

.6

Mem

oran

dum

: B

ase

Sec

urit

y B

udge

t A

utho

rity

ad

just

ed fo

r In

flati

on a

nd

Pop

ulat

ion

��

��

��

��

��

��

��

685�

512

�670

0�1

719�

272

6�6

725�

572

3�7

724�

372

1�0

717�

771

4�6

711�

971

0�5

3,61

9�3

7,19

4�9

Bas

e N

on-S

ecur

ity B

udge

tary

Res

ourc

es

adju

sted

for

Infla

tion

and

Popu

latio

n ��

�43

0�0

266�

945

7�0

441�

343

3�9

421�

142

0�8

420�

241

3�6

409�

640

7�7

407�

741

1�7

2,13

7�3

4,18

7�6

Gra

nd

Tot

al, D

iscr

etio

nar

y B

udg

etar

y R

esou

rces

adj

ust

ed f

or I

nfl

atio

n

and

Pop

ula

tion

��

��

��

��

��

��

1,31

5�9

279�

51,

332�

81,

319�

81,

209�

11,

193�

81,

190�

21,

189�

01,

177�

71,

169�

21,

163�

01,

159�

11,

160�

56,

102�

011

,931

�5

Gra

nd

Tot

al, D

iscr

etio

nar

y B

udg

etar

y R

esou

rces

as

a P

erce

nt

of G

DP

��

��8�

8%1�

9%8�

9%8�

6%7�

7%7�

4%7�

1%7�

0%6�

8%6�

6%6�

5%6�

4%6�

3%7�

6%7�

0%1 A

lth

ough

th

e B

udg

et s

how

s di

scre

tion

ary

fun

din

g in

nom

inal

ter

ms,

th

e A

dmin

istr

atio

n c

once

ives

of

disc

reti

onar

y gr

owth

rat

es in

infl

atio

n-a

dju

sted

ter

ms�

If

infl

atio

n

proj

ecti

ons

are

revi

sed

from

wh

at is

cu

rren

tly

proj

ecte

d, f

utu

re b

udg

ets

wou

ld b

e ex

pect

ed t

o ad

just

fu

ndi

ng

leve

ls u

p or

dow

n a

ccor

din

gly�

(T

his

sta

tem

ent

does

not

app

ly

to f

un

din

g gr

owth

bet

wee

n 2

010

and

the

2011

bu

dget

yea

r, si

nce

th

e ap

prop

riat

ion

s pr

oces

s fo

r 20

11 m

ust

beg

in im

med

iate

ly a

nd

befo

re in

flat

ion

ass

um

ptio

ns

wil

l be

revi

site

d� I

t al

so d

oes

not

app

ly t

o th

e ou

tyea

r B

A f

or o

vers

eas

con

tin

gen

cy o

pera

tion

s, w

hic

h is

a p

lace

hol

der

and

does

not

rep

rese

nt

a po

licy

det

erm

inat

ion

�)2 “

AR

RA

” re

fers

to

the

Am

eric

an R

ecov

ery

and

Rei

nve

stm

ent

Act

of

2009

(P�

L� 1

11-5

)�3 T

he

Bu

dget

incl

ude

s pl

aceh

olde

r es

tim

ates

of

$50

bill

ion

per

yea

r fo

r O

vers

eas

Con

tin

gen

cy O

pera

tion

s in

201

2 an

d be

yon

d� T

hes

e es

tim

ates

do

not

refl

ect

any

spec

ific

poli

cy d

ecis

ion

s�4 T

he

2010

req

ues

ted

supp

lem

enta

l in

clu

des

addi

tion

al f

un

din

g fo

r O

vers

eas

Con

tin

gen

cy O

pera

tion

s�

174 SUMMARY TABLES

Tab

le S

–11.

F

un

din

g L

evel

s fo

r A

pp

rop

riat

ed (

“Dis

cret

ion

ary”

) P

rogr

ams

by

Age

ncy

1

(Bud

geta

ry r

esou

rces

in b

illio

ns o

f dol

lars

)

2009

Act

ual

2010

En

acte

d20

11R

equ

est

Tot

als

Non

-A

RR

AA

RR

A2

2012

2013

2014

2015

2011

–201

520

11–2

020

Bas

e D

iscr

etio

nar

y R

esou

rces

by

Age

ncy

:

Sec

uri

ty A

gen

cies

:

Def

ense

(D

OD

) ��

��

��

��

��

��

��

��

��

��

��

��

�51

3�2

7�4

530�

854

8�9

566�

458

1�8

597�

861

6�0

2,91

0�9

6,25

5�3

En

ergy

- N

atio

nal

Nu

clea

r S

ecu

rity

Adm

inis

trat

ion

��

��

9�1

��

9�9

11�2

11�6

11�9

12�4

12�9

60�0

126�

6H

omel

and

Sec

uri

ty (

DH

S)3

��

��

��

��

��

��

��

��

��42

�12�

839

�443

�644

�244

�845

�346

�722

4�6

481�

4V

eter

ans

Aff

airs

4 ��

��

��

��

��

��

��

��

��

��

��

��

47�6

1�4

53�1

57�0

59�7

61�3

63�0

64�7

305�

665

9�7

Sta

te a

nd

Oth

er I

nte

rnat

ion

al P

rogr

ams 5

��

��

��

��

��38

�10�

450

�658

�565

�769

�071

�273

�633

7�9

716�

4

Su

bto

tal,

Sec

uri

ty A

gen

cies

....

......

......

......

......

......

......

......

....

650.

112

.068

3.7

719.

274

7.5

768.

778

9.7

814.

03,

839.

08,

239.

4

Non

-Sec

uri

ty A

gen

cies

:

Agr

icu

ltu

re5 ��

��

��

��

��

��

��

��

��

��

��

��

��

�22

�66�

925

�023

�924

�624

�525

�226

�012

4�2

266�

2C

omm

erce

��

��

��

��

��

��

��

��

��

��

��

��

��

�9�

47�

813

�98�

99�

18�

88�

58�

844

�210

1�0

Cen

sus

Bu

reau

��

��

��

��

��

��

��

��

��

��

��

3�1

1�0

7�2

1�3

1�1

1�2

1�3

1�5

12�1

23�9

Edu

cati

on6 ��

��

��

��

��

��

��

��

��

��

��

��

��

��41

�481

�146

�849

�750

�150

�251

�452

�725

4�1

537�

5E

ner

gy (

excl

udi

ng

Nat

ion

al N

ucl

ear

Sec

uri

ty

Adm

inis

trat

ion

) ��

��

��

��

��

��

��

��

��

��

��

��16

�936

�716

�517

�117

�117

�217

�718

�387

�518

6�2

Hea

lth

an

d H

um

an S

ervi

ces

(HH

S)7

��

��

��

��

��

��

77�6

22�4

84�1

83�5

82�4

80�7

83�1

85�5

415�

188

1�1

Hou

sin

g an

d U

rban

Dev

elop

men

t ��

��

��

��

��

��

��

�40

�013

�643

�641

�641

�342

�044

�145

�321

4�3

464�

1In

teri

or �

��

��

��

��

��

��

��

��

��

��

��

��

��

��11

�33�

012

�212

�011

�911

�812

�212

�560

�312

6�6

Just

ice

��

��

��

��

��

��

��

��

��

��

��

��

��

��

26�0

4�0

27�5

24�1

28�5

28�0

29�0

29�9

139�

529

1�8

Lab

or �

��

��

��

��

��

��

��

��

��

��

��

��

��

��

12�9

4�8

14�3

14�0

13�5

13�1

13�3

13�5

67�4

138�

4S

tate

an

d O

ther

In

tern

atio

nal

Pro

gram

s 5 ��

��

��

��

��

0�1

0�2

0�1

0�1

0�1

0�1

0�1

0�1

0�6

1�3

Tra

nsp

orta

tion

��

��

��

��

��

��

��

��

��

��

��

��

70�5

48�1

76�0

77�6

79�2

80�6

82�1

84�7

404�

282

4�5

Bu

dge

t Au

thor

ity

(BA

) ��

��

��

��

��

��

��

��

��

��16

�848

�121

�822

�870

�033

�839

�041

�220

6�6

418�

1

Obl

igat

ion

Lim

itat

ion

s ��

��

��

��

��

��

��

��

��

�53

�7��

��54

�254

�89�

346

�843

�143

�619

7�6

406�

4T

reas

ury

��

��

��

��

��

��

��

��

��

��

��

��

��

��12

�60�

313

�613

�914

�114

�515

�115

�973

�615

8�9

Cor

ps o

f E

ngi

nee

rs �

��

��

��

��

��

��

��

��

��

��

��5�

34�

65�

44�

94�

74�

64�

74�

823

�649

�3E

nvi

ron

men

tal P

rote

ctio

n A

gen

cy ��

��

��

��

��

��

��

�7�

67�

210

�310

�09�

48�

88�

68�

545

�489

�0G

ener

al S

ervi

ces

Adm

inis

trat

ion

��

��

��

��

��

��

��

0�6

5�9

0�6

0�7

0�6

0�6

0�6

0�7

3�2

6�8

Nat

ion

al A

eron

auti

cs a

nd

Spa

ce A

dmin

istr

atio

n �

��

��

��17

�81�

018

�719

�019

�420

�020

�621

�010

0�0

212�

7N

atio

nal

Sci

ence

Fou

nda

tion

��

��

��

��

��

��

��

��

�6�

53�

06�

97�

47�

88�

38�

99�

541

�996

�9S

mal

l Bu

sin

ess

Adm

inis

trat

ion

��

��

��

��

��

��

��

��0�

60�

70�

81�

01�

00�

90�

91�

04�

89�

9S

ocia

l Sec

uri

ty A

dmin

istr

atio

n7 ��

��

��

��

��

��

��

��

8�5

1�1

9�3

10�1

10�5

10�9

11�4

11�7

54�7

117�

6C

orpo

rati

on f

or N

atio

nal

an

d C

omm

un

ity

Ser

vice

��

��

��0�

90�

21�

21�

41�

72�

02�

32�

610

�026

�9

Oth

er A

gen

cies

��

��

��

��

��

��

��

��

��

��

��

��

18�6

0�3

19�4

20�2

19�2

18�6

19�1

19�5

96�6

202�

0

Su

btot

al, N

on-S

ecu

rity

Dis

cret

ion

ary

Bu

dge

t A

uth

orit

y ..

..35

4.1

253.

139

2.1

386.

443

7.1

399.

441

6.0

428.

72,

067.

64,

382.

5


able

S–1

1.

Fu

nd

ing

Lev

els

for

Ap

pro

pri

ated

(“D

iscr

etio

nar

y”)

Pro

gram

s b

y A

gen

cy 1—

Con

tin

ued

(Bud

geta

ry r

esou

rces

in b

illio

ns o

f dol

lars

)

2009

Act

ual

2010

En

acte

d20

11R

equ

est

Tot

als

Non

-A

RR

AA

RR

A2

2012

2013

2014

2015

2011

–201

520

11–2

020

Su

bto

tal,

Non

-Sec

uri

ty D

iscr

etio

nar

y B

ud

geta

ry

Res

ourc

es .

......

......

......

......

......

......

......

......

......

......

......

......

.....

407.

825

3.1

446.

344

1.3

446.

444

6.2

459.

147

2.3

2,26

5.2

4,78

8.9

Oth

er D

iscr

etio

nar

y F

un

din

g (n

ot i

ncl

ud

ed a

bov

e):

Ove

rsea

s C

onti

nge

ncy

Op

erat

ion

s8 ..

......

......

......

......

......

....

145.

9...

..13

0.0

159.

350

.050

.050

.050

.035

9.3

609.

3D

efen

se �

��

��

��

��

��

��

��

��

��

��

��

��

��

��14

5�7

��

129�

615

9�1

50�0

50�0

50�0

50�0

359�

160

9�1

Hom

elan

d S

ecu

rity

��

��

��

��

��

��

��

��

��

��

��

0�3

��

0�2

0�3

��

��

��

��

0�3

0�3

Just

ice

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

0�1

��

��

��

��

��

��

��

Oth

er E

nac

ted

Su

pp

lem

enta

l or

Em

erge

ncy

Fu

nd

ing

...44

.1...

..0.

4...

.....

.....

.....

.....

.....

.....

..A

gric

ult

ure

��

��

��

��

��

��

��

��

��

��

��

��

��

1�4

��

0�4

��

��

��

��

��

��

��

Ene

rgy

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��

��7�

9��

��

��

��

��

��

��

��

��

��H

ealt

h a

nd

Hu

man

Ser

vice

s ��

��

��

��

��

��

��

��

��

10�5

��

��

��

��

��

��

��

��

��

Sta

te a

nd

Oth

er I

nte

rnat

ion

al P

rogr

ams

��

��

��

��

��

13�8

��

��

��

��

��

��

��

��

��

Dep

artm

ent

of T

ran

spor

tati

on �

��

��

��

��

��

��

��

��3�

0��

��

��

��

��

��

��

��

��

��C

orps

of

En

gin

eers

-Civ

il W

orks

��

��

��

��

��

��

��

��6�

6��

��

��

��

��

��

��

��

��

��O

ther

Age

nci

es �

��

��

��

��

��

��

��

��

��

��

��

��0�

9��

��-*

��

��

��

��

��

��

��

Pro

pos

ed 2

010

Su

pp

lem

enta

l F

un

din

g ..

......

......

......

......

....

.....

.....

41.1

.....

.....

.....

.....

.....

.....

.....

Def

ense

(in

clu

des

Ove

rsea

s C

onti

nge

ncy

Ope

rati

ons)

��

��

��

��

33�0

��

��

��

��

��

��

��

Hom

elan

d S

ecu

rity

��

��

��

��

��

��

��

��

��

��

��

��

��

3�6

��

��

��

��

��

��

��

Sta

te a

nd

Oth

er I

nte

rnat

ion

al P

rogr

ams

��

��

��

��

��

��

��

4�5

��

��

��

��

��

��

��

Gra

nd

Tot

al, D

iscr

etio

nar

y B

ud

get

Au

thor

ity

......

......

......

.....

1,19

4.2

265.

11,

247.

31,

265.

01,

234.

61,

218.

11,

255.

71,

292.

66,

266.

013

,231

.2

Gra

nd

Tot

al, D

iscr

etio

nar

y B

ud

geta

ry R

esou

rces

....

......

.....

1,24

8.0

265.

11,

301.

51,

319.

81,

243.

91,

264.

91,

298.

81,

336.

26,

463.

613

,637

.6*

$50

mil

lion

or

less

� 1 A

lth

ough

th

e B

udg

et s

how

s di

scre

tion

ary

fun

din

g in

nom

inal

ter

ms,

th

e A

dmin

istr

atio

n c

once

ives

of

disc

reti

onar

y gr

owth

rat

es in

infl

atio

n-a

dju

sted

ter

ms�

If

infl

atio

n

proj

ecti

ons

are

revi

sed

from

wh

at is

cu

rren

tly

proj

ecte

d, f

utu

re b

udg

ets

wou

ld b

e ex

pect

ed t

o ad

just

fu

ndi

ng

leve

ls u

p or

dow

n a

ccor

din

gly�

(T

his

sta

tem

ent

does

not

app

ly

to f

un

din

g gr

owth

bet

wee

n 2

010

and

the

2011

bu

dget

yea

r, si

nce

th

e ap

prop

riat

ion

s pr

oces

s fo

r 20

11 m

ust

beg

in im

med

iate

ly a

nd

befo

re in

flat

ion

ass

um

ptio

ns

wil

l be

revi

site

d� I

t al

so d

oes

not

app

ly t

o th

e ou

tyea

r B

A f

or o

vers

eas

con

tin

gen

cy o

pera

tion

s, w

hic

h is

a p

lace

hol

der

and

does

not

rep

rese

nt

a po

licy

det

erm

inat

ion

�)2 “A

RR

A”

refe

rs t

o th

e A

mer

ican

Rec

over

y an

d R

ein

vest

men

t A

ct o

f 20

09 (

P�L

� 111

-5)�

3 T

he

DH

S le

vel i

ncl

ude

s $1

�8 b

illi

on f

or B

ioS

hie

ld in

200

9 an

d a

-$3�

0 bi

llio

n t

ran

sfer

in 2

010

of B

ioS

hie

ld b

alan

ces

to H

HS�

4 T

he

Vet

eran

s A

ffai

rs t

otal

is n

et o

f m

edic

al c

are

coll

ecti

ons�

5 T

he

Sec

uri

ty c

ateg

ory

for

Sta

te a

nd

Oth

er I

nte

rnat

ion

al P

rogr

ams

is c

ompr

ised

en

tire

ly o

f In

tern

atio

nal

Fu

nct

ion

150

� T

his

incl

ude

s fu

ndi

ng

for

Inte

rnat

ion

al F

ood

Aid

pr

ogra

ms

in t

he

Dep

artm

ent

of A

gric

ult

ure

�6 A

dju

sted

for

adv

ance

app

ropr

iati

ons,

200

9 fu

ndi

ng

for

the

Dep

artm

ent

of E

duca

tion

is $

46�2

bil

lion

� A

ll n

um

bers

exc

lude

fu

ndi

ng

for

Pel

l Gra

nts

�7 F

un

din

g fr

om t

he

Hos

pita

l In

sura

nce

an

d S

upp

lem

enta

ry M

edic

al I

nsu

ran

ce t

rust

fu

nds

for

adm

inis

trat

ive

expe

nse

s in

curr

ed b

y th

e S

ocia

l Sec

uri

ty A

dmin

istr

atio

n t

hat

su

ppor

t th

e M

edic

are

prog

ram

are

incl

ude

d in

th

e H

HS

tot

al a

nd

not

in t

he

Soc

ial S

ecu

rity

Adm

inis

trat

ion

tot

al�

Add

itio

nal

ly, t

he

HH

S t

otal

incl

ude

s $0

�4 b

illi

on a

nd

$3�0

bil

lion

in 2

009

and

2010

, res

pect

ivel

y, f

or t

ran

sfer

of

the

Bio

Sh

ield

pro

gram

in D

HS�

8 T

he

Bu

dget

incl

ude

s pl

aceh

olde

r es

tim

ates

of

$50

bill

ion

per

yea

r fo

r O

vers

eas

Con

tin

gen

cy O

pera

tion

s in

201

2 an

d be

yon

d� T

hes

e es

tim

ates

do

not

refl

ect

any

spec

ific

poli

cy d

ecis

ion

s�

176 SUMMARY TABLES

Tab

le S

–12.

M

ark

et V

alu

atio

n a

nd

Bal

ance

Sh

eet

of F

ann

ie M

ae a

nd

Fre

dd

ie M

ac(I

n bi

llion

s of

dol

lars

)

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Tot

als

2011

-20

1520

11-

2020

Tra

nsa

ctio

ns

bet

wee

n T

reas

ury

an

d

Fan

nie

Mae

/Fre

dd

ie M

ac:

Sen

ior

Pre

ferr

ed L

iqu

idit

y P

aym

ents

to

Fan

nie

M

ae/F

redd

ie M

ac ��

��

��

��

��

��

��

��

��

��

��96

6923

��

��

��

��

��

��

��

��

��

2323

Sen

ior

Pre

ferr

ed D

ivid

end

Pay

men

ts f

rom

Fan

nie

M

ae/F

redd

ie M

ac �

��

��

��

��

��

��

��

��

��

��–4

–12

–18

–7–7

–7–7

–7–7

–7–7

–7–4

4–7

8

Net

Pay

men

ts �

��

��

��

��

��

��

��

��

��

��

9157

5–7

–7–7

–7–7

–7–7

–7–7

–21

–55

Mar

ket

Val

uat

ion

of

Fan

nie

Mae

an

d F

red

die

M

ac:

Mar

ket

Val

ue

of N

et L

iabi

lity

��

��

��

��

��

��

–18

–18

Val

ue

of P

riva

te E

quit

y S

har

es �

��

��

��

��

��

�–3

–3

Net

Pos

itio

n o

f F

ann

ie M

ae a

nd

Fre

dd

ie M

ac:

Ass

ets:

U�S

� Tre

asu

ry S

ecu

riti

es ��

��

��

��

��

��

��

��

12O

ther

Fin

anci

al A

sset

s ��

��

��

��

��

��

��

1,52

41,

579

Cas

h �

��

��

��

��

��

��

��

��

��

��

��

�11

511

0O

ther

��

��

��

��

��

��

��

��

��

��

��

��63

54

Lia

bil

itie

s:D

ebt

Ou

tsta

ndi

ng

��

��

��

��

��

��

��

��

1,61

51,

607

Oth

er F

inan

cial

Lia

bili

ties

��

��

��

��

��

��

��

9015

5

Eq

uit

y:T

reas

ury

Sen

ior

Pre

ferr

ed S

tock

��

��

��

��

��

��96

Pri

vate

Equ

ity

��

��

��

��

��

��

��

��

��

–4–1

01

Net

Pos

itio

n �

��

��

��

��

��

��

��

��

��–4

–5


able

S–1

3.

Eco

nom

ic A

ssu

mp

tion

s(C

alen

dar

year

s)

2008

Act

ual

Pro

ject

ion

s

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Gro

ss D

omes

tic

Pro

du

ct (

GD

P):

Nom

inal

leve

l, bi

llio

ns

of d

olla

rs �

��

��

��

�14

,441

14,2

5214

,768

15,5

1416

,444

17,4

3318

,446

19,4

3320

,408

21,3

7322

,329

23,3

1224

,323

Per

cen

t ch

ange

, nom

inal

GD

P, y

ear/

year

��

��2�

6–1

�33�

65�

16�

06�

05�

85�

35�

04�

74�

54�

44�

3

Rea

l GD

P, p

erce

nt

chan

ge,

year

/yea

r ��

��

��

0�4

–2�5

2�7

3�8

4�3

4�2

4�0

3�6

3�2

2�8

2�6

2�5

2�5

Rea

l GD

P, p

erce

nt

chan

ge,

Q4/

Q4

��

��

��

–1�9

–0�5

3�0

4�3

4�3

4�2

3�9

3�4

3�1

2�7

2�6

2�5

2�5

GD

P c

hai

ned

pri

ce in

dex,

per

cen

t ch

ange

, ye

ar/y

ear

��

��

��

��

��

��

��

��

��

�2�

11�

20�

91�

21�

61�

71�

71�

71�

81�

81�

81�

81�

8

Con

sum

er P

rice

In

dex

1 , p

erce

nt

chan

ge,

year

/yea

r ..

......

......

......

......

......

......

......

......

......

.3�

8–0

�31�

91�

52�

02�

02�

02�

02�

02�

12�

12�

12�

1

Un

emp

loym

ent

rate

, civ

ilia

n, p

erce

nt2

.....

...5�

89�

310

�09�

28�

27�

36�

55�

95�

55�

35�

25�

25�

2

Inte

rest

rat

es, p

erce

nt:

91-d

ay T

reas

ury

bil

ls3 ��

��

��

��

��

��

1�4

0�2

0�4

1�6

3�0

4�0

4�1

4�1

4�1

4�1

4�1

4�1

4�1

10-y

ear

Tre

asu

ry n

otes

��

��

��

��

��

3�7

3�3

3�9

4�5

5�0

5�2

5�3

5�3

5�3

5�3

5�3

5�3

5�3

Not

e: A

mor

e de

tail

ed t

able

of

econ

omic

ass

um

ptio

ns

is in

Ch

apte

r 2,

“E

con

omic

Ass

um

ptio

ns,

” in

th

e A

nal

ytic

al P

ersp

ecti

ves

volu

me

of t

he

Bu

dget

, Tab

le 2

–1�

1 S

easo

nal

ly a

dju

sted

CP

I fo

r al

l urb

an c

onsu

mer

s�

2 An

nu

al a

vera

ge�

3 A

vera

ge r

ate,

sec

onda

ry m

arke

t (b

ank

disc

oun

t ba

sis)

�

178 SUMMARY TABLES

Tab

le S

–14.

F

eder

al G

over

nm

ent

Fin

anci

ng

and

Deb

t(I

n bi

llion

s of

dol

lars

)

2009

Est

imat

e

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Fin

anci

ng:

Un

ified

bu

dget

defi

cit

��

��

��

��

��

��

��

��

��

��

��

��

��

�1,

413

1,55

61,

267

828

727

706

752

778

778

785

908

1,00

3

Oth

er t

ran

sact

ion

s af

fect

ing

borr

owin

g fr

om t

he

publ

ic:

Ch

ange

s in

fin

anci

al a

sset

s an

d li

abil

itie

s: 1

Ch

ange

in T

reas

ury

ope

rati

ng

cash

bal

ance

2 ��

��

��

��

��

��–9

6–5

–200

��

��

��

��

��

��

��

��

��

Net

dis

burs

emen

ts o

f cr

edit

fin

anci

ng

acco

un

ts:

Dir

ect

loan

acc

oun

ts �

��

��

��

��

��

��

��

��

��

��

��29

321

014

313

511

810

899

7085

7991

91G

uar

ante

ed lo

an a

ccou

nts

��

��

��

��

��

��

��

��

��

�7

–78

1212

64

31

–2–4

–6T

rou

bled

Ass

et R

elie

f P

rogr

am (

TA

RP

) eq

uit

y pu

rch

ase

acco

un

ts �

��

��

��

��

��

��

��

��

��

��

��

��

��

105

1–1

5–*

–2–5

–5–5

–9–1

1–2

6–1

6

Net

pu

rch

ases

of

non

-Fed

eral

sec

uri

ties

by

the

Nat

ion

al

Rai

lroa

d R

etir

emen

t In

vest

men

t T

rust

(N

RR

IT) �

��

��

��

–3–1

–1–1

–1–1

–1–1

–1–1

–1–1

Net

ch

ange

in o

ther

fin

anci

al a

sset

s an

d li

abil

itie

s 3 �

��

��

��

22��

��

��

��

��

��

��

��

��

��

��

��

Su

btot

al, c

han

ges

in fi

nan

cial

ass

ets

and

liab

ilit

ies

��

��

�32

919

8–6

614

612

710

998

6776

6560

69

Sei

gnio

rage

on

coi

ns

��

��

��

��

��

��

��

��

��

��

��

��

��–*

–*–*

–1–1

–1–1

–1–1

–1–1

–1T

otal

, oth

er t

ran

sact

ion

s af

fect

ing

borr

owin

g fr

om t

he

publ

ic �

��

��

��

��

��

��

��

��

��

��

��

��

��

��

329

197

–66

145

126

108

9767

7564

5968

Tot

al, r

equ

irem

ent

to b

orro

w f

rom

th

e pu

blic

(eq

ual

s ch

ange

in d

ebt

hel

d by

th

e pu

blic

) ��

��

��

��

��

��

1,74

21,

753

1,20

197

485

481

484

984

485

384

996

71,

071

Ch

ange

s in

Deb

t S

ub

ject

to

Sta

tuto

ry L

imit

atio

n:

Ch

ange

in d

ebt

hel

d by

th

e pu

blic

��

��

��

��

��

��

��

��

��

��

1,74

21,

753

1,20

197

485

481

484

984

485

384

996

71,

071

Ch

ange

in d

ebt

hel

d by

Gov

ern

men

t ac

cou

nts

��

��

��

��

��

��

��

148

158

157

218

264

265

302

309

321

337

285

256

Ch

ange

in o

ther

fac

tors

��

��

��

��

��

��

��

��

��

��

��

��

��

4–2

–11

11

11

11

1–*

Tot

al, c

han

ge in

deb

t su

bjec

t to

sta

tuto

ry li

mit

atio

n �

��

��

��

��1,

893

1,90

91,

357

1,19

31,

119

1,07

91,

152

1,15

51,

176

1,18

71,

253

1,32

7

Deb

t S

ub

ject

to

Sta

tuto

ry L

imit

atio

n, E

nd

of

Yea

r:

Deb

t is

sued

by

Tre

asu

ry �

��

��

��

��

��

��

��

��

��

��

��

��

�11

,850

13,7

6015

,117

16,3

0817

,426

18,5

0519

,656

20,8

0921

,984

23,1

7124

,424

25,7

51

Adj

ust

men

t fo

r di

scou

nt,

pre

miu

m, a

nd

cove

rage

4 �

��

��

��

��

��

�3

22

45

67

88

99

9

Tot

al, d

ebt

subj

ect

to s

tatu

tory

lim

itat

ion

5 �

��

��

��

��

��

��

�11

,853

13,7

6215

,119

16,3

1217

,431

18,5

1119

,662

20,8

1721

,993

23,1

8024

,433

25,7

60

Deb

t O

uts

tan

din

g, E

nd

of

Yea

r:

Gro

ss F

eder

al d

ebt:

6

Deb

t is

sued

by

Tre

asu

ry �

��

��

��

��

��

��

��

��

��

��

��

11,8

5013

,760

15,1

1716

,308

17,4

2618

,505

19,6

5620

,809

21,9

8423

,171

24,4

2425

,751

Deb

t is

sued

by

oth

er a

gen

cies

��

��

��

��

��

��

��

��

��

��

2627

2727

2728

2828

2726

2626

Tot

al, g

ross

Fed

eral

deb

t ��

��

��

��

��

��

��

��

��

��

��

11,8

7613

,787

15,1

4416

,336

17,4

5318

,532

19,6

8320

,837

22,0

1123

,197

24,4

5025

,777

Hel

d by

:D

ebt

hel

d by

Gov

ern

men

t ac

cou

nts

��

��

��

��

��

��

��

��

��4,

331

4,48

94,

646

4,86

45,

128

5,39

35,

695

6,00

46,

325

6,66

36,

948

7,20

4

Deb

t h

eld

by t

he

publ

ic 7

��

��

��

��

��

��

��

��

��

��

��

��7,

545

9,29

810

,498

11,4

7212

,326

13,1

3913

,988

14,8

3315

,686

16,5

3517

,502

18,5

73


able

S–1

4. F

eder

al G

over

nm

ent

Fin

anci

ng

and

Deb

t—C

onti

nu

ed(I

n bi

llion

s of

dol

lars

)

2009

Est

imat

e

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Deb

t H

eld

by

the

Pu

bli

c N

et o

f F

inan

cial

Ass

ets:

Deb

t h

eld

by t

he

publ

ic �

��

��

��

��

��

��

��

��

��

��

��

��

��7,

545

9,29

810

,498

11,4

7212

,326

13,1

3913

,988

14,8

3315

,686

16,5

3517

,502

18,5

73

Les

s fi

nan

cial

ass

ets

net

of

liab

ilit

ies:

Tre

asu

ry o

pera

tin

g ca

sh b

alan

ce 2

��

��

��

��

��

��

��

��

��

275

270

7070

7070

7070

7070

7070

Cre

dit

fin

anci

ng

acco

un

t ba

lan

ces:

Dir

ect

loan

acc

oun

ts �

��

��

��

��

��

��

��

��

��

��

��

�48

970

084

297

71,

095

1,20

41,

303

1,37

31,

458

1,53

71,

628

1,71

9

Gu

aran

teed

loan

acc

oun

ts �

��

��

��

��

��

��

��

��

��

��

–35

–42

–34

–22

–10

–4*

35

2–2

–7

TA

RP

equ

ity

purc

has

e ac

cou

nts

��

��

��

��

��

��

��

��

��10

510

691

9189

8480

7566

5529

13G

over

nm

ent-

spon

sore

d en

terp

rise

pre

ferr

ed s

tock

��

��

��

��

��65

102

115

115

115

115

115

115

115

115

115

115

Non

-Fed

eral

sec

uri

ties

hel

d by

NR

RIT

��

��

��

��

��

��

��

��

2221

2019

1817

1614

1312

1110

Oth

er a

sset

s n

et o

f li

abil

itie

s ��

��

��

��

��

��

��

��

��

��

��–2

4–2

4–2

4–2

4–2

4–2

4–2

4–2

4–2

4–2

4–2

4–2

4

Tot

al, fi

nan

cial

ass

ets

net

of

liab

ilit

ies

��

��

��

��

��

��

��

898

1,13

31,

080

1,22

71,

353

1,46

21,

560

1,62

71,

703

1,76

81,

827

1,89

6

Deb

t h

eld

by t

he

publ

ic n

et o

f fi

nan

cial

ass

ets

��

��

��

��

6,64

78,

164

9,41

810

,246

10,9

7211

,677

12,4

2813

,205

13,9

8314

,767

15,6

7516

,677

Not

e: F

igu

res

disp

laye

d in

th

e ta

ble

do n

ot r

eflec

t th

e im

pact

of

any

reco

mm

enda

tion

s fr

om t

he

Fis

cal C

omm

issi

on�

* $5

00 m

illi

on o

r le

ss�

1 A

dec

reas

e in

th

e T

reas

ury

ope

rati

ng

cash

bal

ance

(w

hic

h is

an

ass

et)

is a

mea

ns

of fi

nan

cin

g a

defi

cit

and

ther

efor

e h

as a

neg

ativ

e si

gn�

An

incr

ease

in c

hec

ks

outs

tan

din

g (w

hic

h is

a li

abil

ity)

is a

lso

a m

ean

s of

fin

anci

ng

a de

fici

t an

d th

eref

ore

also

has

a n

egat

ive

sign

� 2

In

clu

des

assu

med

Su

pple

men

tary

Fin

anci

ng

Pro

gram

bal

ance

of

$200

bil

lion

on

Sep

tem

ber

30, 2

010,

an

d ze

ro o

n S

epte

mbe

r 30

, 201

1, a

nd

beyo

nd�

3 B

esid

es c

hec

ks o

uts

tan

din

g, in

clu

des

accr

ued

inte

rest

pay

able

on

Tre

asu

ry d

ebt,

un

inve

sted

dep

osit

fu

nd

bala

nce

s, a

lloc

atio

ns

of s

peci

al d

raw

ing

righ

ts, a

nd

oth

er li

abil

ity

acco

un

ts; a

nd,

as

an o

ffse

t, c

ash

an

d m

onet

ary

asse

ts (

oth

er t

han

th

e T

reas

ury

ope

rati

ng

cash

bal

ance

), ot

her

ass

et a

ccou

nts

, an

d pr

ofit

on s

ale

of g

old�

4 C

onsi

sts

mai

nly

of

debt

issu

ed b

y th

e F

eder

al F

inan

cin

g B

ank

(wh

ich

is n

ot s

ubj

ect

to li

mit

), de

bt h

eld

by t

he

Fed

eral

Fin

anci

ng

Ban

k, t

he

un

amor

tize

d di

scou

nt

(les

s pr

emiu

m)

on p

ubl

ic is

sues

of T

reas

ury

not

es a

nd

bon

ds (

oth

er t

han

zer

o-co

upo

n b

onds

), an

d th

e u

nre

aliz

ed d

isco

un

t on

Gov

ern

men

t ac

cou

nt

seri

es s

ecu

riti

es�

5 T

he

stat

uto

ry d

ebt

lim

it is

$12

,394

bil

lion

, as

enac

ted

on D

ecem

ber

28, 2

009�

6 T

reas

ury

sec

uri

ties

hel

d by

th

e pu

blic

an

d ze

ro-c

oupo

n b

onds

hel

d by

Gov

ern

men

t ac

cou

nts

are

alm

ost

all m

easu

red

at s

ales

pri

ce p

lus

amor

tize

d di

scou

nt

or le

ss

amor

tize

d pr

emiu

m�

Age

ncy

deb

t se

curi

ties

are

alm

ost

all m

easu

red

at f

ace

valu

e� T

reas

ury

sec

uri

ties

in t

he

Gov

ern

men

t ac

cou

nt

seri

es a

re o

ther

wis

e m

easu

red

at f

ace

valu

e le

ss u

nre

aliz

ed d

isco

un

t (i

f an

y)�

7 A

t th

e en

d of

200

9, t

he

Fed

eral

Res

erve

Ban

ks h

eld

$769

�2 b

illi

on o

f F

eder

al s

ecu

riti

es a

nd

the

rest

of

the

publ

ic h

eld

$6,7

75�5

bil

lion

� D

ebt

hel

d by

th

e F

eder

al R

eser

ve

Ban

ks is

not

est

imat

ed f

or f

utu

re y

ears

�

Date post:	10-Jan-2020
Category:	Documents
Upload:	others
View:	2 times
Download:	0 times

SUMMARY TABLES - Union Collegeminerva.union.edu/motahare/Eco352/Budget 2011 Summary...The...

Documents