[Budget of the United States Government] [VII. Summary Tables] [From the U.S. Government Publishing Office, www.gpo.gov] [[Page 361]] VII. SUMMARY TABLES [[Page 363]] ======================================================================== 2000 Budget Proposals ======================================================================== [[Page 365]] ======================================================================== 2000 BUDGET PROPOSALS Table S-1. BUDGET SUMMARY (In billions of dollars) ---------------------------------------------------------------------------------------------------------------- Estimate 1998 ----------------------------------------------------------- Actual 1999 2000 2001 2002 2003 2004 ---------------------------------------------------------------------------------------------------------------- Outlays................................... 1,652.6 1,727.1 1,765.7 1,799.2 1,820.3 1,893.0 1,957.9 Receipts.................................. 1,721.8 1,806.3 1,883.0 1,933.3 2,007.1 2,075.0 2,165.5 Reserve pending Social Security reform.... 69.2 79.3 117.3 134.1 186.7 182.0 207.6 Surplus................................... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Resources contingent upon Social Security reform: Defense................................. ........ ........ ........ 9.6 17.1 13.0 15.0 Non-defense............................. ........ ........ ........ 15.1 19.7 16.5 9.2 Priority initiatives.................... ........ ........ ........ 1.6 4.1 7.0 9.9 Debt service............................ ........ ........ ........ 0.7 2.3 4.3 6.3 --------------------------------------------------------------------- Remaining reserve......................... 69.2 79.3 117.3 107.2 143.6 141.3 167.3 ---------------------------------------------------------------------------------------------------------------- [[Page 366]] Table S-2. OUTLAYS, RECEIPTS, AND SURPLUS (In billions of dollars) ---------------------------------------------------------------------------------------------------------------- Estimate 1998 ----------------------------------------------------------- Actual 1999 2000 2001 2002 2003 2004 ---------------------------------------------------------------------------------------------------------------- Budget Policy with Social Security Reform: Outlays: Discretionary: Department of Defense............... 258.1 264.6 261.8 269.4 279.3 291.2 300.9 Non-DOD discretionary............... 296.6 316.6 329.7 341.4 339.2 338.1 338.5 Priority initiatives................ ........ ........ ........ 1.6 4.1 7.0 9.9 --------------------------------------------------------------------- Subtotal, discretionary........... 554.7 581.2 591.5 612.4 622.6 636.3 649.3 Mandatory: Programmatic: Social Security................... 376.1 389.2 405.2 423.6 444.1 465.1 487.4 Medicare and Medicaid............. 291.5 310.6 328.4 349.9 362.7 391.2 416.3 Means-tested entitlements (except Medicaid)........................ 99.1 106.6 111.6 117.6 123.6 128.5 134.3 Deposit insurance................. -4.4 -5.0 -2.3 -1.8 -1.3 -* 0.8 Other............................. 92.2 117.4 116.1 117.9 114.8 125.1 131.0 --------------------------------------------------------------------- Subtotal mandatory.............. 854.5 918.6 959.0 1,007.1 1,043.9 1,109.9 1,169.7 Net interest.......................... 243.4 227.2 215.2 206.6 197.1 187.6 179.2 --------------------------------------------------------------------- Subtotal, mandatory and net interest 1,097.9 1,145.9 1,174.2 1,213.7 1,240.9 1,297.5 1,349.0 --------------------------------------------------------------------- Total outlays........................... 1,652.6 1,727.1 1,765.7 1,826.1 1,863.5 1,933.8 1,998.3 ===================================================================== Receipts................................ 1,721.8 1,806.3 1,883.0 1,933.3 2,007.1 2,075.0 2,165.5 ===================================================================== Resources contingent upon Social Security reform:.................................. Department of Defense................... ........ ........ ........ -9.6 -17.1 -13.0 -15.0 Non-DOD discretionary................... ........ ........ ........ -15.1 -19.7 -16.5 -9.2 Priority initiatives.................... ........ ........ ........ -1.6 -4.1 -7.0 -9.9 Related debt service.................... ........ ........ ........ -0.7 -2.3 -4.3 -6.3 --------------------------------------------------------------------- Total................................. ........ ........ ........ -26.9 -43.2 -40.8 -40.4 Reserve pending Social Security reform.... 69.2 79.3 117.3 134.1 186.7 182.0 207.6 --------------------------------------------------------------------- Surplus................................... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 MEMORANDUM: Discretionary totals if no Social Security reform is enacted, net of designated offsets..................... 554.7 581.2 573.8 573.3 568.2 584.1 599.9 ---------------------------------------------------------------------------------------------------------------- * $50 million or less. [[Page 367]] Table S-3. SUMMARY OF BUDGET PROPOSALS (In billions of dollars) ---------------------------------------------------------------------------------------------------------------- Estimate ------------------------------------------------------------ Total 1999 2000 2001 2002 2003 2004 2000-2004 ---------------------------------------------------------------------------------------------------------------- Capped baseline surplus.................. 79.6 116.7 134.1 186.7 182.0 207.6 827.2 Programmatic changes: Discretionary: Offset discretionary spending........ -* 17.2 12.9 13.5 15.8 15.3 74.7 Mandatory offsets designated for discretionary: Federal tobacco revenues........... 0.1 -8.0 -7.1 -6.6 -6.4 -6.4 -34.5 Tobacco recoupment................. ........ ........ ........ -1.8 -3.3 -4.0 -9.1 FAA user fees...................... ........ -1.1 -1.2 -1.1 -1.0 -0.9 -5.3 Health care savings................ ........ -1.1 -0.9 -1.0 -1.0 -1.1 -5.1 Superfund revenues................. -0.1 -1.5 -1.2 -1.2 -1.2 -1.3 -6.5 Other specified offsets............ ........ -6.0 -2.5 -1.8 -2.8 -1.7 -14.8 ---------------------------------------------------------------------- Subtotal, discretionary.......... -* -0.6 ........ ........ ........ ........ -0.6 Mandatory and revenues: Initiatives: Class size and child care.......... ........ 1.2 1.6 1.9 2.1 2.5 9.4 Health care........................ ........ 0.2 1.3 1.6 1.2 1.0 5.3 Revenue initiatives................ 0.7 4.1 7.7 6.6 6.9 7.3 32.6 Other.............................. 0.1 0.9 1.6 1.7 1.3 1.6 7.1 ---------------------------------------------------------------------- Subtotal, initiatives............ 0.8 6.5 12.2 11.8 11.6 12.4 54.4 Offsets: Tobacco recoupment................. ........ ........ -2.8 -2.1 -1.2 -0.7 -6.9 Health care........................ ........ -0.2 -1.1 -1.3 -1.5 -1.6 -5.8 Student loans...................... -0.1 -0.8 -0.6 -0.6 -0.6 -0.3 -2.9 Revenue offsets.................... -0.3 -4.7 -6.9 -7.1 -7.3 -7.4 -33.4 Other.............................. -* -0.7 -0.8 -0.7 -0.9 -2.4 -5.5 ---------------------------------------------------------------------- Subtotal, offsets................ -0.5 -6.5 -12.2 -11.8 -11.6 -12.4 -54.4 ====================================================================== Subtotal, mandatory and revenues. 0.3 ........ ........ ........ ........ ........ ......... Debt service........................... * ........ -* -* -* -* -0.1 Reserve pending Social Security reform... 79.3 117.3 134.1 186.7 182.0 207.6 827.8 Surplus.................................. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Resources contingent upon Social Security reform: Defense and non-defense discretionary spending.............................. ........ ........ 26.3 40.9 36.5 34.1 137.7 Related debt service................... ........ ........ 0.7 2.3 4.3 6.3 13.6 ---------------------------------------------------------------------- Remaining reserve...................... 79.3 117.3 107.2 143.6 141.3 167.3 676.6 ---------------------------------------------------------------------------------------------------------------- * $50 million or less. [[Page 368]] Table S-4. DISCRETIONARY SPENDING CAPS AND BUDGET PROPOSALS (In billions of dollars) -------------------------------------------------------------------------------------------------------------------------------------------------------- Estimate Total 2000-2004 ------------------------------------------------------------------------------------------------------------- 2000 2001 2002 2003 2004 ------------------------------------------------------------------------------------------ BA OL BA OL BA OL BA OL BA OL BA OL -------------------------------------------------------------------------------------------------------------------------------------------------------- Proposed Discretionary Program Funding Department of Defense................... 268.2 261.8 287.4 269.4 289.3 279.3 299.7 291.2 308.5 300.9 1,453.1 1,402.6 Non-DOD................................. 286.8 329.7 300.5 341.4 299.5 339.2 298.7 338.1 299.4 338.5 1,484.9 1,686.9 Reserve for Priority Initiatives........ ....... ....... 3.0 1.6 6.0 4.1 9.0 7.0 12.0 9.9 30.0 22.6 ------------------------------------------------------------------------------------------------------------- Total, Proposed Discretionary Funding Level................................ 555.0 591.5 590.9 612.4 594.8 622.6 607.4 636.3 619.9 649.3 2,968.0 3,112.1 Offsets to Discretionary Spending: Mandatory Offsets Designated for Discretionary.......................... -6.8 -6.8 -5.0 -4.9 -4.9 -5.0 -4.9 -4.9 -4.9 -4.9 -26.6 -26.6 Transfer of 2000 PAYGO Balances for Defense Discretionary.................. -2.9 -2.9 -0.8 -0.8 -0.2 -0.2 -1.1 -1.1 ....... ....... -5.0 -5.0 Tobacco Legislation: Federal Tobacco Revenues.............. -8.0 -8.0 -7.1 -7.1 -6.6 -6.6 -6.4 -6.4 -6.4 -6.4 -34.5 -34.5 Recoupment Policy..................... ....... ....... ....... ....... -3.4 -1.8 -4.3 -3.3 -4.3 -4.0 -11.9 -9.1 ------------------------------------------------------------------------------------------------------------- Total, Offsets to Discretionary Spending............................. -17.8 -17.7 -12.9 -12.9 -15.1 -13.5 -16.7 -15.8 -15.6 -15.3 -78.1 -75.2 Resources Contingent Upon Social Security Reform: Department of Defense................... ....... ....... -14.2 -9.6 -12.8 -17.1 -13.5 -13.0 -15.2 -15.0 -55.7 -54.6 Non-DOD................................. ....... ....... -33.5 -15.1 -28.8 -19.7 -7.0 -16.5 -7.2 -9.2 -76.5 -60.5 Reserve for Priority Initiatives........ ....... ....... -3.0 -1.6 -6.0 -4.1 -9.0 -7.0 -12.0 -9.9 -30.0 -22.6 ------------------------------------------------------------------------------------------------------------- Total, Contingent Adjustments......... ....... ....... -50.7 -26.3 -47.6 -40.9 -29.5 -36.5 -34.5 -34.1 -162.2 -137.7 ============================================================================================================= Total Offsets and Contingent Adjustments to Discretionary Spending.............. -17.8 -17.7 -63.6 -39.1 -62.7 -54.4 -46.2 -52.2 -50.0 -49.4 -240.3 -212.9 �������������������������������������������������������������������������������������������������������������������������������������������������������� Proposed Discretionary Funding Level...... 555.0 591.5 590.9 612.4 594.8 622.6 607.4 636.3 619.9 649.3 2,968.0 3,112.1 Less: Offsets and Contingent Resources.... -17.8 -17.7 -63.6 -39.1 -62.7 -54.4 -46.2 -52.2 -50.0 -49.4 -240.3 -212.9 Level with Offsets and Contingent Adjustments ............................. 537.2 573.8 527.3 573.3 532.1 568.2 561.3 584.1 569.9 599.9 2,727.7 2,899.2 Current Discretionary Spending Caps....... 537.2 574.4 541.9 573.3 551.0 568.2 566.9 584.1 583.4 599.9 2,780.4 2,899.8 -------------------------------------------------------------------------------------------------------------------------------------------------------- [[Page 369]] Table S-5. MANDATORY AND REVENUE PROPOSALS (In millions of dollars) ---------------------------------------------------------------------------------------------------------------- Estimate ----------------------------------------------------------- Total 1999 2000 2001 2002 2003 2004 2000-2004 ---------------------------------------------------------------------------------------------------------------- Initiatives: Agriculture:............................ Increase Environmental Quality Incentive Program.................... ....... 20 41 53 65 74 253 Forest Service payments to States de- coupling............................. ....... 27 41 55 64 72 259 Wildlife Habitat Incentives Program (WHIP)............................... ....... 3 5 7 8 8 31 Farmland Protection Program (FPP)..... ....... 1 6 20 28 27 82 Cooperator Export Program/quality samples.............................. ....... 30 30 30 30 30 150 Reallocate rural development and research funds....................... ....... ........ 11 27 42 43 123 EZ/EC economic development grants..... ....... ........ 5 12 14 14 45 Extend CCC computer funding........... ....... 35 35 35 35 35 175 Restore food stamp benefits for elderly legal immigrants............. ....... 10 10 10 15 15 60 Education: Extend loan consolidation.... 133 91 ........ ........ ........ ........ 91 HHS: Education and child care:............. Child care.......................... ....... 828 1,085 1,333 1,525 1,904 6,675 Establish Early Learning Fund....... ....... 372 516 603 624 612 2,727 --------------------------------------------------------------------- Subtotal, education and child care ....... 1,200 1,601 1,936 2,149 2,516 9,402 Foster care/independent living........ ....... 6 31 43 49 51 180 Health care: Medicare buy-in, health costs....... ....... ........ 322 406 372 336 1,436 Disability health options........... ....... 20 75 169 250 342 856 Cancer clinical trials.............. ....... 10 190 250 300 ........ 750 Covering children................... ....... 79 619 601 85 25 1,409 Long-term care eligibility expansion, Medicaid costs.......... ....... 5 15 25 30 35 110 Immigrant proposals, Medicaid/CHIP costs.............................. ....... 31 57 107 187 285 667 Other............................... ....... 59 ........ ........ ........ ........ 59 --------------------------------------------------------------------- Subtotal, Health care............. ....... 204 1,278 1,558 1,224 1,023 5,287 HUD: Fund new urban empowerment zones...... ....... 3 51 114 138 144 450 Elderly housing vouchers.............. ....... 8 46 77 78 80 289 Interior: BLM timber payments to States delinkage............................ ....... 9 12 15 17 17 70 Recreation/entrance fees.............. ....... ........ ........ -24 29 74 79 Finance land purchases with sales of surplus land......................... ....... ........ ........ ........ ........ ........ ......... Transfers to retired miner's health benefits............................. ....... 42 ........ ........ ........ ........ 42 Expand cover-over of distilled spirits tax to Virgin Islands................ ....... 12 12 12 12 12 60 Labor: Reauthorize NAFTA-TAA through 9/30/01 and other TAA amendments............. ....... 101 150 65 16 ........ 332 PBGC: raise guarantee cap for multi- employer pensions and other.......... ....... 1 1 2 3 3 10 UI reform proposal.................... ....... 90 190 260 20 40 600 Extend welfare to work................ ....... 133 518 333 16 ........ 1,000 Transportation: Shift St. Lawrence Seaway to mandatory ....... 12 12 13 14 14 65 Treasury: Expand cover-over of distilled spirits tax to Puerto Rico................... ....... 34 34 34 34 34 170 Long-term care tax credit (outlay portion)............................. ....... 6 123 127 146 156 558 Veterans: Pay full compensation benefits for Filipinos residing in the United States............................... ....... 5 5 5 5 5 25 Charge fees to lenders participating in VA's home loan program to fund information technology improvements: Increased technology spending....... ....... 5 5 5 ........ ........ 15 Fees................................ ....... -5 -5 -5 ........ ........ -15 Department of Defense--Civil: Retirement reform................................. ....... 1 1 1 1 2 6 EPA: Provide funding for Superfund orphan shares.......................... ....... 200 200 200 200 200 1,000 [[Page 370]] FEMA: Flood map modernization........... ....... 26 53 61 64 66 270 SSA: Return to work proposals (SSI portion) ....... ........ ........ -5 -5 -5 -15 Restore SSI benefits for disabled legal immigrants..................... ....... ........ ........ 77 180 328 585 United Mine Workers of America: Interior transfers for retired miner's health benefits...................... ....... -42 ........ ........ ........ ........ -42 Health benefits....................... 8 57 14 13 12 12 108 Revenues: Provide tax relief and extend provisions........................... 670 4,129 7,664 6,617 6,889 7,330 32,629 --------------------------------------------------------------------- Subtotal, initiatives............... 811 6,454 12,180 11,783 11,592 12,420 54,429 Offsets not designated for discretionary: Agriculture: Cut conservation farm option to fund WHIP and FPP......................... ....... -3 -16 -21 -27 -29 -96 Reduce EEP............................ ....... -85 -106 -118 -130 -139 -578 Charge fair market value for timber/ Forest Service....................... ....... -17 -17 -17 -17 -17 -85 12 percent commodity provisions....... ....... -57 -66 -52 -66 -75 -316 Forest service recreation fees........ ....... ........ ........ -24 -7 -17 -48 Education--student loans: Advance recall of reserves............ -142 -23 ........ ........ ........ ........ -23 Recall additional federal fund reserves............................. ....... -80 -234 -262 -159 -65 -800 Implement a 90-day non-interest accruing period before lenders file default claims....................... ....... -17 -24 -27 -29 -31 -128 Eliminate GA complement at 95 percent on new loans......................... ....... -41 -60 -65 -70 -74 -310 Reduce guaranty agency retention rate to 18.5 percent...................... ....... -483 -64 -66 -72 -77 -762 Reduce lender subsidy to 20 basis points on tax exempt lenders......... ....... -132 -205 -218 -264 -96 -915 HHS: Eliminate child support hold harmless payments and conform paternity match with administrative match rate....... ....... -74 -67 -61 -63 -59 -324 Health care savings................... ....... -226 -1,111 -1,266 -1,545 -1,615 -5,763 Adjustment of child support orders.... ....... ........ 33 -5 -43 -70 -85 Cap TANF transfer to SSBG............. ....... -600 ........ ........ ........ 100 -500 Interior: Hardrock mining production fee on public lands......................... ....... ........ -8 -26 -26 -26 -86 Filming and photography on public land ....... ........ ........ ........ ........ ........ ......... Treasury: Extend customs user fees.............. ....... ........ ........ ........ ........ -1,522 -1,522 Simplification of foster child credit (outlay portion)..................... ....... -2 -36 -37 -39 -40 -154 Veterans: Extend expiring OBRA VA provisions: Round down to the next lower dollar COLA adjustments to disability compensation and DIC............... ....... ........ ........ ........ -15 -24 -39 Limit pension benefits to Medicaid eligible beneficiaries in nursing homes (includes Medicaid offset)... ....... ........ ........ ........ -110 -117 -227 Verify income of pension beneficiaries with the IRS and SSA. ....... ........ ........ ........ -3 -3 -6 Collect higher loan fees and reduce resale losses...................... ....... ........ ........ ........ -188 -190 -378 SSA: Program integrity proposal (SSI portion)............................... ....... -14 -18 -59 -65 -46 -202 Fed/FDIC: State bank exam fee (non-Fed members)............................... ....... -84 -88 -91 -95 -100 -458 Allowances: Tobacco recoupment policy............. ....... ........ -2,824 -2,123 -1,235 -690 -6,872 Revenues: State bank exam fees.................. ....... -82 -86 -90 -94 -98 -450 FEMA mortgage transaction fees........ ....... -58 -59 -62 -65 -68 -312 United Mine Workers premiums.......... -8 -15 -14 -13 -12 -12 -66 Clergy open season for OASDHI coverage (on-budget portion).................. ....... -2 -1 -1 -1 -1 -6 UI solvency incentive................. ....... -224 -312 -96 ........ ........ -632 [[Page 371]] Eliminate unwarranted benefits........ -334 -4,744 -6,859 -7,090 -7,303 -7,390 -33,386 --------------------------------------------------------------------- Subtotal, offsets not designated for discretionary...................... -484 -7,063 -12,242 -11,890 -11,743 -12,591 -55,529 ===================================================================== Subtotal, proposals subject to pay-as-you- go....................................... 327 -609 -62 -107 -151 -171 -1,100 Proposals not subject to pay-as-you-go: Education: Family education loans modification transfer............................. ....... 468 -110 -111 -97 -80 70 Labor: UI integrity.......................... ....... -118 -160 -160 -160 -160 -758 Social Security Administration: Return to work proposals (DI portion). ....... 10 25 41 45 46 167 Program integrity proposal (DI portion)............................. ....... -7 -11 -13 -12 -13 -56 Impact of Medicare buy-on on OASI..... ....... ........ 64 113 144 153 474 FDIC: Interest payments related to State exam fees............................ ....... -2 -7 -12 -17 -23 -61 Morris K. Udall Scholarship Foundation: Receipt of federal payments to the foundation........................... ....... -3 -3 -3 -3 -3 -15 Undistributed offsetting receipts: Redefine wage base for military pay covered by Social Security........... ....... 264 271 261 260 261 1,317 Revenues: Clergy open season for OASDHI coverage (off-budget portion)................. ....... -3 -7 -9 -9 -10 -38 --------------------------------------------------------------------- Subtotal, proposals not subject to pay-as-you-go...................... ....... 609 62 107 151 171 1,100 ===================================================================== Subtotal, proposals not designated for discretionary............................ 327 ........ ........ ........ ........ ........ ......... Offsets designated for discretionary: Outlays: Education--student loans: NDNH savings........................ ....... -876 -19 -25 -26 -25 -971 Recall additional federal fund reserves........................... ....... -788 ........ ........ ........ ........ -788 HHS: Health care savings................. ....... -1,100 -920 -1,030 -980 -1,070 -5,100 Freeze TANF supplemental growth at FY99 level......................... ....... -45 -87 -48 -41 -20 -241 Corps of Engineers: Harbor services fund user fees...... ....... -966 -963 -960 -996 -1,014 -4,899 Undistributed offsetting receipts: Change in military retirement....... ....... -849 -1,058 -1,159 -1,231 -1,270 -5,567 Allowances: Tobacco recoupment policy........... ....... ........ ........ -1,794 -3,318 -3,998 -9,110 Revenues: Superfund tax extensions............ -109 -1,532 -1,207 -1,219 -1,242 -1,259 -6,459 Repeal of existing harbor maintenance excise tax............. ....... 472 505 541 578 619 2,715 FAA user fees....................... ....... -1,122 -1,184 -1,091 -1,007 -910 -5,314 Federal tobacco taxes............... 77 -7,987 -7,105 -6,589 -6,418 -6,400 -34,499 --------------------------------------------------------------------- Subtotal, offsets designated for discretionary............................ -32 -14,793 -12,038 -13,374 -14,681 -15,347 -70,233 ===================================================================== TOTAL, mandatory and revenue proposals.. 295 -14,793 -12,038 -13,374 -14,681 -15,347 -70,233 MEMORANDUM: Total tobacco recoupment policy savings shown above............................ ....... ........ -2,824 -3,917 -4,553 -4,688 -15,982 Total health care savings shown above... ....... -1,326 -2,031 -2,296 -2,525 -2,685 -10,863 ---------------------------------------------------------------------------------------------------------------- [[Page 372]] Table S-6. EFFECT OF PROPOSALS ON RECEIPTS (In millions of dollars) ---------------------------------------------------------------------------------------------------------------- Estimate ---------------------------------------------------------------- 1999 2000 2001 2002 2003 2004 2000-2004 ---------------------------------------------------------------------------------------------------------------- Provide tax relief and extend expiring provisions: Make health care more affordable: Provide tax relief for long-term care needs ....... -52 -1,107 -1,144 -1,312 -1,408 -5,023 Provide tax relief for workers with disabilities.............................. ....... -21 -151 -169 -187 -196 -724 Provide tax relief to encourage small business health plans..................... ....... -1 -5 -10 -15 -13 -44 ---------------------------------------------------------------- Subtotal, make health care more affordable.............................. ....... -74 -1,263 -1,323 -1,514 -1,617 -5,791 Expand education initiatives: Provide incentives for public school construction and modernization............ ....... -146 -570 -939 -1,035 -1,045 -3,735 Extend employer-provided educational assistance and include graduate education. -72 -267 -719 -236 ....... ....... -1,222 Provide tax credit for workplace literacy and basic education programs.............. ....... -3 -18 -25 -38 -55 -139 Encourage sponsorship of qualified zone academies................................. ....... -22 -43 -55 -24 ....... -144 Eliminate 60-month limit on student loan interest deduction........................ ....... -18 -61 -62 -67 -73 -281 Eliminate tax when forgiving student loans subject to income contingent repayment.... ....... ....... ....... ....... ....... ....... ......... Provide tax relief for participants in certain Federal education programs........ ....... -3 -7 -7 -7 -6 -30 ---------------------------------------------------------------- Subtotal, expand education initiatives... -72 -459 -1,418 -1,324 -1,171 -1,179 -5,551 Make child care more affordable: Increase, expand, and simplify child and dependent care tax credit................. ....... -338 -1,585 -1,426 -1,471 -1,503 -6,323 Provide tax incentives for employer- provided child-care facilities............ ....... -40 -84 -114 -131 -140 -509 ---------------------------------------------------------------- Subtotal, make child care more affordable ....... -378 -1,669 -1,540 -1,602 -1,643 -6,832 Provide incentives to revitalize communities: Increase low-income housing tax credit per capita cap................................ ....... -46 -186 -330 -474 -620 -1,656 Provide Better America Bonds to improve the environment............................... ....... -8 -49 -127 -205 -284 -673 Provide New Markets Tax Credit............. ....... -12 -88 -207 -297 -376 -980 Expand tax incentives for SSBICs........... -* -* -* -* -* -* -* Extend wage credit for two new EZs......... ....... ....... ....... ....... ....... ....... ......... ---------------------------------------------------------------- Subtotal, provide incentives to revitalize communities.................. ....... -66 -323 -664 -976 -1,280 -3,309 Promote energy efficiency and improve the environment: Provide tax credit for energy-efficient building equipment........................ ....... -230 -407 -376 -393 -127 -1,533 Provide tax credit for new energy-efficient homes..................................... ....... -60 -109 -92 -72 -96 -429 Extend electric vehicle tax credit; provide tax credit for fuel-efficient vehicles.... ....... ....... ....... -4 -178 -712 -894 Provide investment tax credit for CHP systems................................... -1 -64 -99 -110 -52 -7 -332 Provide tax credit for rooftop solar systems................................... ....... -9 -19 -25 -34 -45 -132 Extend wind and biomass tax credit and expand eligible biomass sources........... ....... -20 -48 -73 -88 -94 -323 ---------------------------------------------------------------- Subtotal, promote energy efficiency and improve the environment................. -1 -383 -682 -680 -817 -1,081 -3,643 Promote expanded retirement savings, security and portability............................. -27 -144 -204 -218 -213 -218 -997 Extend expiring provisions: Allow personal tax credits against the AMT. -67 -679 -707 ....... ....... ....... -1,386 Extend work opportunity tax credit......... -23 -116 -164 -81 -38 -16 -415 [[Page 373]] Extend welfare-to-work tax credit.......... -3 -19 -36 -21 -9 -2 -87 Extend R&E tax credit...................... -311 -933 -656 -281 -133 -53 -2,056 Make permanent the expensing of brownfields remediation costs......................... ....... ....... -106 -170 -168 -167 -611 Extend tax credit for first-time DC homebuyers................................ 1 -1 -10 -1 ....... ....... -12 ---------------------------------------------------------------- Subtotal, extend expiring provisions..... -403 -1,748 -1,679 -554 -348 -238 -4,567 Simplify the tax laws........................ -64 -141 -159 -154 -104 -41 -599 Miscellaneous provisions: Make first $2,000 of severance pay exempt from income tax........................... ....... -42 -168 -173 -133 ....... -516 Allow steel companies to carryback NOLs up to five years............................. -19 -190 -28 -30 -24 -20 -292 ---------------------------------------------------------------- Subtotal, miscellaneous provisions....... -19 -232 -196 -203 -157 -20 -808 Electricity restructuring: Deny tax-exempt status for new electric utility bonds except for distribution related expenses; repeal cost of service limitation for determining deductible contributions to nuclear decommissioning funds..................................... ....... 4 11 20 30 41 106 ---------------------------------------------------------------- Subtotal, electricity restructuring...... ....... 4 11 20 30 41 106 Modify international trade provisions: Extend and modify Puerto Rico economic- activity tax credit....................... ....... -24 -46 -71 -106 -141 -388 Extend GSP and modify other trade provisions \1\............................ -84 -484 -223 -93 -96 -99 -995 Levy tariff on certain textiles/apparel produced in the CNMI \1\.................. ....... ....... 187 187 187 187 748 Expand Virgin Island tariff credits \1\.... ....... ....... -* -* -2 -1 -3 ---------------------------------------------------------------- Subtotal, modify international trade provisions.............................. -84 -508 -82 23 -17 -54 -638 ---------------------------------------------------------------- Subtotal, provide tax relief and extend expiring provisions....................... -670 -4,129 -7,664 -6,617 -6,889 -7,330 -32,629 Eliminate unwarranted benefits and adopt other revenue measures: Limit benefits of corporate tax shelter transactions: Deny tax benefits resulting from non- economic transactions; modify substantial understatement penalty for corporate tax shelters; deny deductions for certain tax advice and impose excise taxes on certain fees, rescission provisions and provisions guaranteeing tax benefits................. ....... 11 76 162 194 214 657 Preclude taxpayers from taking tax positions inconsistent with the form of their transactions........................ 5 50 52 55 58 62 277 Tax income from corporate tax shelters involving tax-indifferent parties......... 15 150 155 165 175 185 830 Require accrual of income on forward sale of corporate stock........................ 1 4 9 13 21 31 78 Modify treatment of built-in losses and other attribute trafficking............... 9 113 185 192 200 208 898 Modify treatment of ESOP as S corporation shareholder............................... 17 64 102 145 183 202 696 Prevent serial liquidation of U.S. subsidiaries of foreign corporations...... ....... 12 20 19 19 19 89 Prevent capital gains avoidance through basis shift transactions involving foreign shareholders.............................. 65 301 114 64 45 27 551 Limit inappropriate tax benefits for lessors of tax-exempt use property........ 1 35 79 119 147 163 543 [[Page 374]] Prevent mismatching of deductions and income exclusions in transactions with related foreign persons................... ....... 60 104 108 112 117 501 Restrict basis creation through Section 357(c).................................... 3 9 19 28 39 50 145 Modify anti-abuse rule related to assumption of liabilities................. 1 2 4 5 7 9 27 Modify COLI rules.......................... ....... 240 366 398 427 451 1,882 ---------------------------------------------------------------- Subtotal, limit benefits of corporate tax shelter transactions.................... 117 1,051 1,285 1,473 1,627 1,738 7,174 Other proposals: Require banks to accrue interest on short- term obligations.......................... ....... 72 2 3 4 4 85 Require current accrual of market discount by accrual method taxpayers............... 3 7 11 15 20 25 78 Limit conversion of character of income from constructive ownership transactions with respect to partnership interests..... 19 30 37 32 32 35 166 Modify rules for debt-financed portfolio stock..................................... 1 5 9 14 20 26 74 Modify and clarify certain rules relating to debt-for-debt exchanges................ 15 76 109 108 107 106 506 Modify and clarify straddle rules.......... 16 40 50 48 47 49 234 Conform control test for tax-free incorporations, distributions, and reorganizations........................... 7 18 22 22 21 21 104 Tax issuance of tracking stock............. 40 105 128 127 127 127 614 Require consistent treatment and provide basis allocation rules for transfers of intangibles in certain nonrecognition transactions.............................. 2 66 83 86 90 95 420 Modify tax treatment of downstream mergers. 14 42 55 59 63 67 286 Modify partnership distribution rules...... -28 131 162 173 162 147 775 Deny change in method treatment to tax-free formations................................ 6 94 64 65 67 70 360 Repeal installment method for accrual basis taxpayers................................. ....... 685 757 438 114 16 2,010 Deny deduction for punitive damages........ 16 88 124 130 137 143 622 Apply uniform capitalization rules to tollers................................... ....... 25 39 40 42 21 167 Provide consistent amortization periods for intangibles............................... ....... -219 -189 48 255 435 330 Clarify recovery period of utility grading costs..................................... 9 30 49 61 69 75 284 Require recapture of policyholder surplus accounts.................................. ....... 134 222 219 217 215 1,007 Modify rules for capitalizing policy acquisition costs of life insurance companies................................. ....... 379 977 946 914 880 4,096 Subject investment income of trade associations to tax....................... ....... 172 294 309 325 341 1,441 Restore phaseout of unified credit for large estates............................. ....... 27 61 66 72 76 302 Require consistent valuation for estate and income tax purposes....................... ....... 3 8 13 17 22 63 Require basis allocation for part sale/part gift transactions......................... ....... 2 3 4 5 6 20 Conform treatment of surviving spouses in community property States................. 3 15 33 46 59 72 225 Expand section 864(c)(4)(B) to interest and dividend equivalents...................... ....... 9 15 16 16 17 73 Recapture overall foreign losses when CFC stock is disposed......................... ....... 6 6 6 6 7 31 Increase elective withholding rate for nonperiodic distributions from deferred compensation plans........................ ....... 42 2 2 2 2 50 Increase section 4973 excise tax for excess IRA contributions......................... ....... 1 12 12 13 14 52 Limit pre-funding of welfare benefits for 10 or more employer plans................. ....... 92 156 159 150 149 706 Subject signing bonuses to employment taxes ....... 5 3 3 3 3 17 Expand reporting of cancellation of indebtedness income....................... ....... 7 7 7 7 7 35 Require taxpayers to include rental income of residence in income without regard to the period of rental...................... ....... 4 11 11 12 12 50 [[Page 375]] Repeal lower-of-cost-or-market inventory accounting method......................... 18 422 525 431 433 201 2,012 Defer interest deduction and OID on certain convertible debt.......................... 2 9 20 32 44 55 160 Modify deposit requirement for FUTA........ ....... ....... ....... ....... ....... ....... ......... Reinstate Oil Spill Liability Trust Fund tax \1\................................... 26 254 256 257 261 264 1,292 Deny DRD for certain preferred stock....... 4 13 26 38 52 66 195 Disallow interest on debt allocable to tax- exempt obligations........................ 4 11 17 23 28 33 112 Repeal percentage depletion for non-fuel minerals mined on Federal and formerly Federal lands............................. ....... 92 94 96 97 99 478 Modify rules relating to foreign oil and gas extraction income..................... ....... 5 65 107 112 118 407 Increase penalties for failure to file correct information returns............... ....... 6 12 15 19 13 65 Tighten the substantial understatement penalty for large corporations............ ....... ....... 25 42 43 37 147 Require withholding on certain gambling winnings.................................. ....... 17 4 1 1 1 24 Simplify foster child definition under EITC ....... ....... 6 7 7 7 27 Replace sales-source rules with activity- based rules............................... ....... 310 540 570 600 630 2,650 Repeal tax-free conversions of large C corporations into S corporations.......... ....... 10 32 46 56 68 212 Eliminate the income recognition exception for accrual method service providers...... 1 32 44 46 48 50 220 Modify structure of businesses indirectly conducted by REITs........................ 4 27 27 27 28 28 137 Modify treatment of closely held REITs..... ....... 24 10 12 14 15 75 Impose excise tax on purchase of structured settlements............................... 6 8 6 3 1 -2 16 Amend 80/20 company rules.................. 28 48 49 51 52 53 253 Modify foreign office material participation exception applicable to inventory sales attributable to nonresident's U.S. office................. 1 7 10 10 11 11 49 Stop abuse of CFC exception to ownership requirements of section 883............... ....... 4 9 7 5 5 30 Include QTIP trust assets in surviving spouse's estate........................... ....... ....... 2 2 2 2 8 Eliminate non-business valuation discounts. ....... 206 425 443 477 494 2,045 Eliminate gift tax exemption for personal residence trusts.......................... ....... -1 -1 -1 3 12 12 Increase proration percentage for P&C insurance companies....................... ....... -4 49 64 87 107 303 ---------------------------------------------------------------- Subtotal, other proposals................ 217 3,693 5,574 5,617 5,676 5,652 26,212 ---------------------------------------------------------------- Subtotal, eliminate unwarranted benefits and adopt other revenue measures \1\...... 334 4,744 6,859 7,090 7,303 7,390 33,386 Other provisions that affect receipts: Reinstate environmental tax on corporate taxable income \2\.......................... ....... 794 460 463 476 481 2,674 Reinstate Superfund excise taxes \1\......... 109 738 747 756 766 778 3,785 Convert Airport and Airway Trust Fund taxes to a cost-based user fee system \1\......... ....... 1,122 1,184 1,091 1,007 910 5,314 Receipts from tobacco legislation \1\........ -77 7,987 7,105 6,589 6,418 6,400 34,499 Assess fees for examination of bank holding companies and State-chartered member banks (receipt effect) \1\........................ ....... 82 86 90 94 98 450 Restore premiums for United Mine Workers of America Combined Benefit Fund............... 8 15 14 13 12 12 66 Assess mortgage transaction fees for flood hazard determination \1\.................... ....... 58 59 62 65 68 312 [[Page 376]] Replace Harbor Maintenance tax with the Harbor Services User Fee (receipt effect) \1\......................................... ....... -472 -505 -541 -578 -619 -2,715 Allow members of the clergy to revoke exemption from Social Security and Medicare coverage.................................... ....... 5 8 10 10 11 44 Create solvency incentive for State unemployment trust fund accounts \1\........ ....... 224 312 96 ....... ....... 632 ---------------------------------------------------------------- Subtotal, other provisions that affect receipts \1\.............................. 40 10,553 9,470 8,629 8,270 8,139 45,061 ---------------------------------------------------------------- Total effect of proposals \1\.................. -296 11,168 8,665 9,102 8,684 8,199 45,818 (Paygo proposals) \1\.......................... -328 996 -333 735 586 239 2,223 (Non-paygo proposals).......................... ....... 3 7 9 9 10 38 (Discretionary offset) \1\..................... 32 10,169 8,991 8,358 8,089 7,950 43,557 ---------------------------------------------------------------------------------------------------------------- * $500,000 or less. \1\ Net of income offsets. \2\ Net of deductibility for income tax purposes. [[Page 377]] Table S-7. FRAMEWORK FOR SOCIAL SECURITY REFORM AND LONG-TERM FISCAL DISCIPLINE (Dollars in billions) ---------------------------------------------------------------------------------------------------------------- Subtotal Subtotal Subtotal Total Percent 2000-2004 2005-2009 2010-2014 2000-2014 of Total ---------------------------------------------------------------------------------------------------------------- Reserve pending Social Security reform................... 828 1,582 2,444 4,854 Use of reserve: Social Security........................................ 445 886 1,433 2,764 62% Medicare............................................... 124 226 336 686 15% Universal Savings Accounts............................. 96 176 264 536 12% Military readiness and other critical national needs. 138 180 164 481 11% ------------------------------------------------------ Total use of reserve................................. 803 1,468 2,196 4,467 100% Financing costs........................................ 24 114 248 387 --------------------------------------------- Total reserve........................................ 828 1,582 2,444 4,854 Memorandum: Debt held by the public after use of reserve, end of period................................................ 3,290 2,466 1,168 Percent of GDP......................................... 30% 18% 7% ---------------------------------------------------------------------------------------------------------------- [[Page 378]] Table S-8. TOBACCO LEGISLATION (In billions of dollars) ---------------------------------------------------------------------------------------------------------------- Estimate --------------------------------------- 2000 2001 2002 2003 2004 ---------------------------------------------------------------------------------------------------------------- Receipts: 55 cent per pack increase \1\......................................... 6.9 6.4 6.4 6.4 6.4 Accelerate BBA 15 cent increase....................................... 1.1 0.7 0.2 ...... ...... --------------------------------------- Total............................................................... 8.0 7.1 6.6 6.4 6.4 Tobacco-Related Health Care Costs in Federal Programs: Veterans.............................................................. 4.0 4.0 4.0 4.0 4.0 Federal Employees Health Benefits Program............................. 2.2 2.3 2.5 2.7 2.9 Department of Defense................................................. 1.6 1.7 1.7 1.7 1.8 Indian Health Service................................................. 0.3 0.3 0.3 0.3 0.3 --------------------------------------- Total............................................................... 8.0 8.2 8.5 8.7 8.9 Memorandum: Estimated effects of recoupment policy................................ ...... -4.6 -4.7 -4.8 -4.8 ---------------------------------------------------------------------------------------------------------------- \1\ Includes accelerated date for BATF excise tax ($381 million into 2000). [[Page 379]] Table S-9. DISCRETIONARY PROPOSALS BY APPROPRIATIONS SUBCOMMITTEE (In billions of dollars) ---------------------------------------------------------------------------------------------------------------- 1998 Enacted 1999 Estimate 2000 Proposed Change: 1999 to ------------------------------------------------------------ 2000 Appropriations Subcommittee ------------------ BA Outlays BA Outlays BA Outlays BA Outlays ---------------------------------------------------------------------------------------------------------------- Discretionary, Excluding Special Categories Agriculture and Rural Development 14.1 13.8 14.2 15.1 13.7 14.1 -0.4 -1.1 Commerce, Justice, State and the Judiciary....................... 26.1 24.7 29.6 27.2 29.9 28.4 0.4 1.2 District of Columbia............. 0.8 0.8 0.4 0.4 0.3 0.3 -0.1 -0.1 Energy and Water Development..... 20.9 20.7 21.6 21.5 21.5 21.2 -0.2 -0.3 Foreign Operations: Subcommittee Total (Excluding Funding Listed Below)......... 13.1 13.0 15.3 13.2 14.6 13.3 -0.7 0.1 IMF: Increase in the U.S. Quota....................... ........ ........ 14.5 ........ ........ ........ -14.5 ........ IMF: New Arrangements to Borrow (NAB)................ ........ ........ 3.4 ........ ........ ........ -3.4 ........ Interior and Related Agencies.... 14.0 13.6 14.0 14.3 15.0 14.9 1.0 0.7 Labor, HHS, and Education........ 81.1 75.2 84.5 82.0 89.2 88.1 4.6 6.1 Legislative...................... 2.3 2.2 2.6 2.4 2.6 2.7 0.0 0.3 Military Construction............ 9.3 9.9 8.7 9.2 5.4 8.4 -3.2 -0.8 National Security................ 250.7 248.3 255.0 255.5 262.9 253.5 7.9 -2.0 Transportation and Related Agencies........................ 14.9 37.2 12.4 13.8 12.8 14.6 0.3 0.8 Treasury, Postal Service, and General Government.............. 12.6 12.4 14.2 13.5 13.3 13.6 -0.9 0.1 Veterans Affairs, HUD, Independent Agencies............ 68.9 79.0 71.3 80.1 69.6 81.5 -1.7 1.4 Designated Offsets to Discretionary Spending.......... ........ ........ ........ ........ -18.1 -17.9 -18.1 -17.9 Emergency Funding: Emergency Funding for Wye River Memorandum.................... ........ ........ 0.9 0.6 ........ 0.1 -0.9 -0.5 Contingent Emergency Funding Expected to be Released....... ........ ........ 6.7 2.5 ........ 2.7 -6.7 0.2 ------------------------------------------------------------------------------ Total, Discretionary, Excluding Special Categories 528.7 550.8 569.2 551.4 532.7 539.5 -36.4 -11.8 Violent Crime Reduction Commerce, Justice, State and the Judiciary....................... 5.2 3.8 5.5 3.8 4.2 5.3 -1.3 1.5 Labor, HHS, and Education........ 0.1 0.1 0.2 0.1 0.2 0.2 -0.0 0.0 Treasury, Postal Service, and General Government.............. 0.1 0.1 0.1 0.1 0.1 0.1 0.0 -0.0 ------------------------------------------------------------------------------ Total, Violent Crime Reduction Spending...................... 5.5 3.9 5.8 4.0 4.5 5.6 -1.3 1.5 Highway Category Transportation and Related Agencies........................ NA NA ........ 21.8 ........ 24.6 ....... 2.8 ------------------------------------------------------------------------------ Total, Highway Spending........ NA NA ........ 21.8 ........ 24.6 ....... 2.8 Mass Transit Category Transportation and Related Agencies........................ NA NA ........ 4.0 ........ 4.1 ....... 0.1 ------------------------------------------------------------------------------ Total, Mass Transit Spending... NA NA ........ 4.0 ........ 4.1 ....... 0.1 ------------------------------------------------------------------------------ Total, Discretionary Spending, Excluding IMF and Emergency Funding........... 534.2 554.7 549.5 578.1 537.2 571.0 -12.3 -7.0 ============================================================================== Total, Discretionary Spending 534.2 554.7 575.0 581.2 537.2 573.8 -37.7 7.4 ---------------------------------------------------------------------------------------------------------------- NA = Not applicable.[[Page 381]] ======================================================================== Summaries by Agency ======================================================================== [[Page 383]] ======================================================================== SUMMARIES BY AGENCY Table S-10. DISCRETIONARY BUDGET AUTHORITY BY AGENCY (In billions of dollars) ---------------------------------------------------------------------------------------------------------------- Estimate Agency 1998 ----------------------------------------------------------- Actual 1999 2000 2001 2002 2003 2004 ---------------------------------------------------------------------------------------------------------------- Legislative Branch........................ 2.3 2.6 2.7 2.7 2.7 2.8 2.8 Judicial Branch........................... 3.2 3.4 3.9 3.9 3.9 4.0 4.0 Agriculture............................... 15.8 15.8 15.2 15.6 15.4 15.4 15.4 Commerce.................................. 4.2 5.1 7.2 5.1 4.6 4.6 4.5 Defense--Military......................... 259.8 263.5 268.2 287.4 289.3 299.7 308.5 Education................................. 29.8 28.8 32.8 34.7 34.7 34.7 34.7 Energy.................................... 16.8 17.9 17.8 18.7 18.6 18.5 18.5 Health and Human Services................. 37.1 41.3 41.5 43.5 43.4 43.4 43.4 Housing and Urban Development............. 22.4 25.5 23.8 28.0 28.0 28.0 28.0 Interior.................................. 8.1 7.8 8.6 8.6 8.6 8.6 8.6 Justice................................... 17.6 18.1 18.4 18.5 18.6 18.4 18.4 Labor..................................... 10.7 11.0 11.5 11.5 11.5 11.5 11.5 State..................................... 5.6 7.6 6.4 6.3 6.4 6.6 6.8 Transportation............................ 15.0 12.5 12.9 13.5 14.0 14.7 15.2 Treasury.................................. 11.5 12.7 12.0 12.7 12.5 12.6 12.6 Veterans Affairs.......................... 18.9 19.2 19.2 19.2 19.2 19.2 19.2 Corps of Engineers........................ 4.2 4.1 3.9 3.9 3.9 4.0 4.0 Other Defense Civil Programs.............. 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Environmental Protection Agency........... 7.4 7.6 7.2 7.2 7.2 7.2 7.2 Executive Office of the President......... 0.2 0.4 0.3 0.3 0.3 0.3 0.3 Federal Emergency Management Agency....... 2.4 0.8 0.9 0.9 0.9 0.9 0.9 General Services Administration........... 0.1 0.5 0.2 0.4 0.3 0.3 0.2 International Assistance Programs......... 11.4 31.2 12.7 12.7 12.2 12.2 12.2 National Aeronautics and Space Administration........................... 13.6 13.7 13.6 13.8 13.8 13.8 13.8 National Science Foundation............... 3.4 3.7 3.9 4.0 4.0 3.9 3.9 Office of Personnel Management............ 0.2 0.2 0.2 0.2 0.2 0.2 0.2 Small Business Administration............. 0.7 0.7 0.8 0.8 0.8 0.8 0.8 Social Security Administration............ 5.5 5.5 5.6 5.6 5.6 5.6 5.6 Other Independent Agencies................ 6.2 6.2 6.6 6.9 6.8 6.8 6.8 Allowances................................ ........ 7.6 -0.3 -47.7 -41.6 -20.5 -22.5 Undistributed Offsetting Receipts......... ........ ........ -2.8 1.1 1.1 -0.2 -0.2 --------------------------------------------------------------------- Total..................................... 534.2 575.0 555.0 540.3 547.2 578.0 585.5 ---------------------------------------------------------------------------------------------------------------- [[Page 384]] Table S-11. DISCRETIONARY OUTLAYS BY AGENCY (In billions of dollars) ---------------------------------------------------------------------------------------------------------------- Estimate Agency 1998 ----------------------------------------------------------- Actual 1999 2000 2001 2002 2003 2004 ---------------------------------------------------------------------------------------------------------------- Legislative Branch........................ 2.2 2.5 2.7 2.7 2.8 2.9 2.9 Judicial Branch........................... 3.2 3.2 3.7 3.9 3.9 4.0 4.0 Agriculture............................... 15.6 16.7 15.5 15.5 15.4 15.5 15.4 Commerce.................................. 4.3 4.7 6.6 5.2 4.7 4.7 4.7 Defense--Military......................... 258.1 264.6 261.8 269.4 279.3 291.2 300.9 Education................................. 26.3 28.6 31.8 34.9 34.8 34.8 34.9 Energy.................................... 17.0 17.5 17.7 18.2 18.3 18.3 18.2 Health and Human Services................. 35.0 38.6 41.6 43.0 43.4 43.4 43.4 Housing and Urban Development............. 33.4 33.2 34.4 33.9 32.0 31.2 30.2 Interior.................................. 7.4 8.3 8.4 8.7 8.7 8.8 8.8 Justice................................... 15.2 15.6 18.8 20.0 18.8 18.8 18.6 Labor..................................... 10.4 10.9 11.1 11.4 11.5 11.5 11.5 State..................................... 4.9 6.3 6.4 6.8 6.8 6.4 6.5 Transportation............................ 37.4 39.7 43.3 46.1 47.5 49.2 50.8 Treasury.................................. 10.7 12.2 12.1 12.6 12.6 12.6 12.6 Veterans Affairs.......................... 18.5 19.2 19.0 19.3 19.2 19.2 19.2 Corps of Engineers........................ 4.0 4.1 4.0 3.9 3.9 4.0 4.0 Other Defense Civil Programs.............. 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Environmental Protection Agency........... 6.6 6.9 7.4 7.6 7.4 7.3 7.3 Executive Office of the President......... 0.2 0.4 0.3 0.3 0.3 0.3 0.3 Federal Emergency Management Agency....... 2.6 2.8 2.9 2.6 2.0 1.7 1.6 General Services Administration........... 0.9 0.3 0.4 0.4 0.4 0.3 0.3 International Assistance Programs......... 11.4 11.7 11.7 11.9 12.5 12.4 12.3 National Aeronautics and Space Administration........................... 14.2 14.0 13.4 13.4 13.5 13.7 13.7 National Science Foundation............... 3.1 3.2 3.6 3.8 3.9 3.9 3.9 Office of Personnel Management............ 0.2 0.2 0.2 0.2 0.2 0.2 0.2 Small Business Administration............. 0.8 0.7 0.8 0.8 0.8 0.8 0.8 Social Security Administration............ 5.4 5.9 5.8 5.7 5.6 5.6 5.6 Other Independent Agencies................ 5.8 5.9 6.2 6.5 6.6 6.7 6.8 Allowances................................ ........ 3.1 2.6 -23.8 -36.3 -29.4 -24.2 Undistributed Offsetting Receipts......... ........ ........ -2.8 1.1 1.1 -0.2 -0.2 --------------------------------------------------------------------- Total..................................... 554.7 581.2 591.5 586.2 581.7 599.9 615.2 ---------------------------------------------------------------------------------------------------------------- [[Page 385]] ======================================================================== Other Summary Tables ======================================================================== [[Page 387]] ======================================================================== OTHER SUMMARY TABLES Table S-12. RECEIPTS BY SOURCE--SUMMARY (In millions of dollars) ---------------------------------------------------------------------------------------------------------------- Estimate Source 1998 ----------------------------------------------------------------------- Actual 1999 2000 2001 2002 2003 2004 ---------------------------------------------------------------------------------------------------------------- Individual income taxes..... 828,586 868,945 899,741 912,477 942,750 970,703 1,017,735 Corporation income taxes.... 188,677 182,210 189,356 196,555 203,438 212,302 221,453 Social insurance and retirement receipts........ 571,831 608,824 636,529 660,296 686,348 711,984 739,186 (On-budget)............... (156,032) (164,778) (171,215) (177,660) (184,584) (189,760) (196,259) (Off-budget).............. (415,799) (444,036) (465,314) (482,636) (501,764) (522,224) (542,927) Excise taxes................ 57,673 68,075 69,902 70,795 72,323 73,761 75,352 Estate and gift taxes....... 24,076 25,932 26,972 28,367 30,489 31,600 33,902 Customs duties.............. 18,297 17,654 18,364 19,975 21,415 22,959 24,854 Miscellaneous receipts...... 32,658 34,694 42,128 44,851 50,295 51,713 53,045 ----------------------------------------------------------------------------------- Total receipts.......... 1,721,798 1,806,334 1,882,992 1,933,316 2,007,058 2,075,022 2,165,527 (On-budget)........... (1,305,999 ) (1,362,298 ) (1,417,678 ) (1,450,680 ) (1,505,294 ) (1,552,798 ) (1,622,600 ) (Off-budget).......... (415,799) (444,036) (465,314) (482,636) (501,764) (522,224) (542,927) ---------------------------------------------------------------------------------------------------------------- [[Page 388]] Table S-13. FEDERAL EMPLOYMENT IN THE EXECUTIVE BRANCH (Civilian employment as measured by Full-Time Equivalents, in thousands) -------------------------------------------------------------------------------------------------------------------------------------------------------- Actual Estimate Change: 1993 base to ---------------------------------------------------------------------------------------- 2000 Agency 1993 Base --------------------- 1993 1994 1995 1996 1997 1998 1999 2000 FTE's Percent -------------------------------------------------------------------------------------------------------------------------------------------------------- Cabinet agencies: Agriculture \1\.............. 115.6 114.4 109.8 103.8 100.7 98.5 96.4 98.0 97.6 -18.0 -15.6% Commerce..................... 36.7 36.1 36.0 35.3 33.8 32.6 35.7 47.5 92.9 56.1 152.9% Defense-military functions... 931.3 931.8 868.3 821.7 778.9 745.8 707.2 686.5 662.9 -268.4 -28.8% Education.................... 5.0 4.9 4.8 4.8 4.7 4.5 4.5 4.7 4.7 -0.3 -5.7% Energy....................... 20.6 20.3 19.8 19.7 19.1 17.3 16.3 16.5 16.2 -4.4 -21.5% Health and Human Services \1\ 65.0 66.1 62.9 59.3 57.2 57.6 57.9 60.5 62.0 -2.9 -4.5% Social Security Administration.............. 65.4 64.8 64.5 64.6 64.0 65.2 64.0 63.8 63.6 -1.8 -2.8% Housing and Urban Development 13.6 13.3 13.1 12.1 11.4 11.0 9.8 10.6 10.6 -3.0 -22.3% Interior..................... 79.3 78.1 76.3 72.0 66.7 65.7 66.5 68.3 69.9 -9.4 -11.8% Justice...................... 99.4 95.4 95.3 97.9 103.8 111.0 117.3 124.1 128.7 29.3 29.5% Labor........................ 18.3 18.0 17.5 16.8 16.0 15.9 16.3 16.9 17.4 -0.9 -5.1% State........................ 35.0 34.2 33.5 31.8 30.2 29.2 26.4 26.9 27.6 -7.4 -21.2% Transportation............... 70.3 69.1 66.4 63.2 62.4 62.5 63.4 65.0 65.8 -4.6 -6.5% Treasury..................... 166.1 161.1 157.3 157.5 151.1 145.5 142.1 145.4 146.1 -20.0 -12.0% Veterans Affairs \1\......... 232.4 234.2 233.1 228.5 221.9 211.5 207.1 205.4 197.9 -34.5 -14.8% Other agencies--excluding Postal Service: Agency for International Development \1\............. 4.4 4.1 3.9 3.6 3.4 2.8 2.7 2.6 2.6 -1.8 -41.2% Corps of Engineers........... 29.2 28.4 27.9 27.7 27.1 26.0 24.8 25.2 24.7 -4.5 -15.3% Environmental Protection Agency...................... 18.6 17.9 17.6 17.5 17.2 17.0 17.7 18.4 18.4 -0.2 -0.9% Equal Employment Opportunity Commission.................. 2.9 2.8 2.8 2.8 2.7 2.6 2.5 2.8 2.9 0.1 3.2% Federal Emergency Management Agency...................... 2.7 4.0 4.9 4.6 4.7 5.1 4.6 4.6 4.7 2.0 72.4% FDIC/RTC..................... 21.6 21.9 20.0 15.7 11.8 8.7 7.9 7.3 6.9 -14.6 -67.9% General Services Administration.............. 20.6 20.2 19.5 17.0 15.7 14.5 14.1 14.2 14.2 -6.5 -31.5% National Aeronautics and Space Administration........ 25.7 24.9 23.9 22.4 21.1 20.1 19.1 18.8 18.2 -7.6 -29.4% National Archives and Records Administration.............. 2.8 2.6 2.6 2.4 2.5 2.5 2.4 2.6 2.6 -0.1 -3.7% National Labor Relations Board....................... 2.1 2.1 2.1 2.0 1.9 1.9 1.9 1.9 2.0 -0.1 -6.7% National Science Foundation.. 1.3 1.2 1.2 1.2 1.3 1.2 1.2 1.2 1.2 -0.1 -10.7% Nuclear Regulatory Comsmission................. 3.4 3.4 3.3 3.2 3.1 3.0 3.0 2.9 2.8 -0.6 -17.6% Office of Personnel Management.................. 6.2 5.9 5.3 4.2 3.4 2.8 2.8 3.0 3.0 -3.2 -51.9% Panama Canal Commission...... 8.7 8.5 8.5 8.8 9.0 9.5 9.6 10.2 2.5 -6.2 -71.0% Peace Corps.................. 1.3 1.2 1.2 1.2 1.1 1.1 1.1 1.2 1.2 -0.1 -4.8% Railroad Retirement Board.... 1.8 1.8 1.7 1.6 1.5 1.4 1.3 1.2 1.2 -0.7 -37.2% Securities and Exchange Commission.................. 2.7 2.7 2.7 2.7 2.8 2.8 2.8 2.8 2.9 0.2 5.8% Small Business Administration 4.0 5.6 6.3 5.7 4.7 4.5 4.4 4.6 4.6 0.6 15.4% Smithsonian Institution...... 5.9 5.5 5.4 5.3 5.1 5.0 5.0 5.2 5.2 -0.6 -10.9% Tennessee Valley Authority... 19.1 17.3 18.6 16.6 16.0 14.9 14.4 13.9 13.7 -5.4 -28.4% All other small agencies..... 15.9 15.2 14.7 14.9 13.9 13.6 16.0 17.0 17.3 1.5 9.2% ------------------------------------------------------------------------------------------------------------------------ Total, Executive Branch civilian employment........... 2,155.2 2,138.8 2,052.7 1,970.2 1,891.7 1,834.7 1,790.2 1,801.6 1,816.8 -338.4 -15.7% Reduction from 1993 Base..... ......... -16.4 -102.5 -185.0 -263.5 -320.5 -365.0 -353.6 -338.4 ......... ......... Subtotal, Defense.............. 931.3 931.8 868.3 821.7 778.9 745.8 707.2 686.5 662.9 -268.4 -28.8% Subtotal, Non-Defense.......... 1,223.9 1,207.1 1,184.4 1,148.4 1,112.8 1,088.9 1,083.0 1,115.2 1,153.9 -70.0 -5.7% ======================================================================================================================== Status of Federal Civilian Employment Relative to the Federal Workforce Restructuring Act \2\ Total, Executive Branch Employment.................. NA NA 2,052.7 1,970.2 1,891.7 1,834.7 1,790.2 1,801.6 NA NA NA Less: FTEs exempt from FWRA.. NA NA 5.7 5.7 7.6 7.4 5.2 5.5 NA NA NA Total, Executive Branch subject to FWRA Ceiling..... NA NA 2,047.0 1,964.4 1,884.1 1,827.3 1,785.0 1,796.1 NA NA NA FWRA Ceiling................. NA NA 2,084.6 2,043.3 2,003.3 1,963.3 1,922.3 1,882.3 NA NA NA Executive Branch Employment Relative to FWRA Ceiling.... NA NA -37.6 -78.9 -119.2 -136.1 -137.3 -86.2 NA NA NA -------------------------------------------------------------------------------------------------------------------------------------------------------- \1\ The Departments of Agriculture, Health and Human Services, Veterans Affairs, and the Agency for International Development have components that are exempt from FTE controls. In 1999, Agriculture has 2,128 exemptions; HHS has 358 exemptions; Veterans Affairs has 3,000 exemptions and AID has 10 exemptions. \2\ FTE limitations are set for the Executive Branch in the Federal Workforce Restructuring Act of 1994 (P.L. 103-226) from 1994-1999. [[Page 389]] Table S-14. FEDERAL GOVERNMENT FINANCING AND DEBT: WITH SOCIAL SECURITY REFORM \1\ (In billions of dollars) ---------------------------------------------------------------------------------------------------------------- Estimate 1998 ----------------------------------------------------------- Actual 1999 2000 2001 2002 2003 2004 ---------------------------------------------------------------------------------------------------------------- Financing: Surplus pending Social Security reform.. 69.2 79.3 117.3 134.1 186.7 182.0 207.6 Less: Social Security reform proposals: Social Security trust fund............ ........ ........ -84.7 -69.9 -91.6 -90.3 -108.9 Medicare trust fund................... ........ ........ -18.3 -20.3 -28.1 -26.9 -30.4 Universal Savings Accounts............ ........ ........ -14.0 -15.9 -21.9 -20.9 -23.6 Military readiness and other critical national needs....................... ........ ........ ........ -26.3 -40.9 -36.5 -34.1 Financing costs....................... ........ ........ -0.3 -1.7 -4.3 -7.5 -10.6 --------------------------------------------------------------------- Surplus with Social Security reform..... 69.2 79.3 0.0 0.0 0.0 0.0 0.0 Means of financing other than borrowing from the public: Transfers to Social Security trust fund \2\............................. ........ ........ 84.7 69.9 91.6 90.3 108.9 Less: Purchases of stock by Social Security trust fund: From transfers...................... ........ ........ -17.8 -14.7 -19.0 -19.0 -22.9 From reinvested dividends........... ........ ........ -0.4 -1.2 -2.1 -3.1 -4.3 Transfers to Medicare trust fund \2\.. ........ ........ 18.3 20.3 28.1 26.9 30.4 Changes in: \3\ Treasury operating cash balance..... 4.7 -1.1 ........ ........ ........ ........ ........ Checks outstanding, etc. \4\........ -10.5 -3.7 -0.1 ........ ........ ........ ........ Deposit fund balances............... -0.8 -1.7 ........ ........ ........ ........ ........ Seigniorage on coins.................. 0.6 0.9 1.0 1.0 1.0 1.0 1.0 Less: Net financing disbursements: Direct loan financing accounts...... -11.5 -25.2 -21.2 -20.1 -19.6 -19.2 -17.7 Guaranteed loan financing accounts.. -0.5 1.6 0.9 1.8 1.8 1.8 2.0 Total, means of financing other than borrowing from the public... -18.0 -29.1 65.4 57.1 81.7 78.7 97.3 --------------------------------------------------------------------- Total, repayment of debt held by the public..................... 51.3 50.1 65.4 57.1 81.7 78.7 97.3 Change in debt held by the public....... -51.3 -50.1 -65.4 -57.1 -81.7 -78.7 -97.3 Debt Outstanding, End of Year: Gross Federal debt: Debt issued by Treasury............... 5,449.3 5,586.6 5,803.7 6,016.5 6,252.1 6,496.7 6,753.2 Debt issued by other agencies......... 29.4 28.4 27.5 26.4 25.5 24.1 22.8 --------------------------------------------------------------------- Total, gross Federal debt........... 5,478.7 5,614.9 5,831.2 6,043.0 6,277.5 6,520.8 6,776.0 Held by: Government accounts................... 1,758.8 1,945.2 2,226.8 2,495.7 2,811.9 3,133.8 3,486.3 The public............................ 3,719.9 3,669.7 3,604.4 3,547.3 3,465.6 3,386.9 3,289.6 Federal Reserve Banks \5\........... 458.1 Other............................... 3,261.7 Debt Subject to Statutory Limitation, End of Year: Debt issued by Treasury................. 5,449.3 5,586.6 5,803.7 6,016.5 6,251.1 6,496.7 6,753.2 Less: Treasury debt not subject to limitation \6\......................... -15.5 -15.5 -15.5 -15.5 -15.5 -15.5 -15.5 Agency debt subject to limitation....... 0.2 0.1 0.1 0.1 0.1 0.1 0.1 Adjustment for discount and premium \7\ 5.5 5.5 5.5 5.5 5.5 5.5 5.5 --------------------------------------------------------------------- Total, debt subject to statutory limitation \8\....................... 5,439.4 5,576.6 5,793.7 6,006.5 6,242.1 6,486.7 6,743.2 ---------------------------------------------------------------------------------------------------------------- \1\ Treasury securities held by the public and zero-coupon bonds held by Government accounts are almost entirely measured at sales price plus amortized discount or less amortized premium. Agency debt is almost entirely measured at face value. Treasury securities in the Government account series are measured at face value less unrealized discount (if any). \2\ The transfers to the Social Security and Medicare trust funds do not require financing with borrowing from the public and therefore must be added to the surplus in order to derive the change in debt held by the public. \3\ A decrease in the Treasury operating cash balance (which is an asset) would be a means of financing the deficit and therefore has a positive sign. An increase in checks outstanding or deposit fund balances (which are liabilities) would also be a means of financing the deficit and therefore has a positive sign. \4\ Besides checks outstanding, includes accrued interest payable on Treasury debt, miscellaneous liability accounts, allocations of special drawing rights, and, as an offset, cash and monetary assets other than the Treasury operating cash balance, miscellaneous asset accounts, and profit on sale of gold. [[Page 390]] \5\ Debt held by the Federal Reserve Banks is not estimated for future years. \6\ Consists primarily of Federal Financing Bank debt. \7\ Consists of unamortized discount (less premium) on public issues of Treasury notes and bonds (other than zero-coupon bonds) and unrealized discount on Government account series securities. \8\ The statutory debt limit is $5,950 billion. [[Page 391]] Table S-15. COMPARISON OF ECONOMIC ASSUMPTIONS (Calendar years) ---------------------------------------------------------------------------------------------------------------- Projections ----------------------------------------------------- 1999 2000 2001 2002 2003 2004 ---------------------------------------------------------------------------------------------------------------- Real GDP (chain-weighted): \1\ 1999 Mid-Session Review................................ 2.0 2.0 2.2 2.4 2.4 2.4 CBO January............................................ 1.8 1.9 2.3 2.4 2.5 2.4 2000 Budget............................................ 2.0 2.0 2.0 2.4 2.4 2.4 Chain-weighted GDP price index: \1\ 1999 Mid-Session Review................................ 2.0 2.2 2.2 2.2 2.2 2.2 CBO January............................................ 2.1 2.0 2.2 2.1 2.1 2.1 2000 Budget............................................ 1.9 2.1 2.1 2.1 2.1 2.1 Consumer Price Index (all-urban): \1\ 1999 Mid-Session Review................................ 2.1 2.3 2.3 2.3 2.3 2.3 CBO January............................................ 2.7 2.6 2.6 2.6 2.6 2.6 2000 Budget............................................ 2.3 2.3 2.3 2.3 2.3 2.3 Unemployment rate: \2\ 1999 Mid-Session Review................................ 5.0 5.2 5.4 5.4 5.4 5.4 CBO January............................................ 4.6 5.1 5.4 5.6 5.7 5.7 2000 Budget............................................ 4.8 5.0 5.2 5.3 5.3 5.3 Interest rates: \2\ 91-day Treasury bills: 1999 Mid-Session Review.............................. 4.9 4.8 4.7 4.7 4.7 4.7 CBO January.......................................... 4.5 4.5 4.5 4.5 4.5 4.5 2000 Budget.......................................... 4.2 4.3 4.3 4.4 4.4 4.4 10-year Treasury notes: 1999 Mid-Session Review.............................. 5.6 5.6 5.6 5.6 5.6 5.6 CBO January.......................................... 5.1 5.3 5.4 5.4 5.4 5.4 2000 Budget.......................................... 4.9 5.0 5.2 5.3 5.4 5.4 ---------------------------------------------------------------------------------------------------------------- \1\ Percent change, fourth quarter over fourth quarter. \2\ Annual averages, percent.