| A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | 2023 to 2033 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | Sources | ||||
2 | McCarthy-GOP House Passed Budget ($ billions in reduced federal spending) | ||||||||||||||||
3 | Discretionary Funding Caps | $3,195 | --- | $129 | $202 | $244 | $280 | $314 | $343 | $373 | $404 | $436 | $470 | Congressional Budget Office: McCarthy- Republican Budget | |||
4 | Student Loan Programs | $460 | $387 | $6 | $7 | $7 | $8 | $8 | $8 | $8 | $8 | $7 | $7 | ||||
5 | Energy Tax Provisions | $570 | $13 | $36 | $50 | $63 | $68 | $66 | $63 | $56 | $53 | $54 | $48 | ||||
6 | IRS Funding | -$120 | $1 | -$3 | -$8 | -$12 | -$14 | -$16 | -$18 | -$17 | -$17 | -$9 | -$5 | ||||
7 | Work Requirements | $120 | --- | $1 | $6 | $9 | $12 | $13 | $14 | $15 | $16 | $17 | $19 | ||||
8 | COVID Funding | $30 | $14 | $10 | $4 | $1 | $1 | $0 | $0 | --- | --- | --- | --- | ||||
9 | Energy Leasing & Permitting | $3 | $0 | $2 | $4 | $6 | $4 | $0 | -$3 | -$3 | -$3 | -$3 | -$1 | ||||
10 | Rules Cmte. Amendments | -$29 | -$2 | -$6 | -$1 | $0 | $1 | $0 | -$2 | -$3 | -$4 | -$6 | -$6 | CBO: Rules Amendment Score | |||
11 | McCarthy Budget Cuts | $4,229 | $413 | $174 | $262 | $318 | $358 | $384 | $405 | $428 | $457 | $497 | $532 | ||||
12 | Debt Service | $547 | $1 | $4 | $12 | $21 | $31 | $43 | $56 | $70 | $86 | $103 | $121 | ||||
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15 | TCJA Individual Expiring Provisions ($ billions in net federal revenue) | ||||||||||||||||
16 | Reduced Income Tax Brackets | -$1,810 | N/A | $0 | $0 | -$141 | -$212 | -$221 | -$229 | -$238 | -$247 | -$256 | -$266 | Congressional Budget Office: Budgetary Outcomes Under Alternative Assumptions About Spending and Revenues (May 16, 2023) | |||
17 | Increased AMT Exemptions | -$1,088 | N/A | $0 | $0 | -$40 | -$134 | -$135 | -$142 | -$148 | -$156 | -$163 | -$171 | ||||
18 | Increased Standard Deduction | -$1,036 | N/A | $0 | $0 | -$72 | -$122 | -$128 | -$132 | -$137 | -$143 | -$148 | -$154 | ||||
19 | 20% Pass-Through Deduction | -$548 | N/A | $0 | -$6 | -$37 | -$63 | -$68 | -$70 | -$72 | -$75 | -$77 | -$80 | ||||
20 | Increased Child Tax Credit | -$593 | N/A | $0 | $0 | -$36 | -$78 | -$78 | -$79 | -$80 | -$80 | -$81 | -$81 | ||||
21 | Doubled Estate Tax Exemption | -$126 | N/A | $0 | -$1 | -$3 | -$14 | -$16 | -$16 | -$17 | -$19 | -$20 | -$21 | ||||
22 | Opportunity Zones | -$67 | N/A | $0 | $0 | -$4 | -$35 | -$6 | -$6 | -$3 | -$5 | -$4 | -$4 | ||||
23 | Repealed Personal Exemption | $1,593 | N/A | $0 | $0 | $128 | $188 | $196 | $203 | $209 | $217 | $223 | $230 | ||||
24 | Modified Itemized Deductions (SALT & MID) | $908 | N/A | $0 | $0 | $67 | $108 | $105 | $112 | $119 | $125 | $132 | $139 | ||||
25 | Pass-Through Loss Limitation | $137 | N/A | $0 | $0 | $0 | $0 | $0 | $17 | $29 | $30 | $30 | $31 | ||||
26 | Repealed Moving Expense Deduction | $15 | N/A | $0 | $0 | $1 | $2 | $2 | $2 | $2 | $2 | $2 | $2 | ||||
27 | Total Individual Expiring Provisions | -$2,615 | $0 | $0 | -$7 | -$137 | -$359 | -$349 | -$341 | -$336 | -$349 | -$362 | -$374 | ||||
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29 | TCJA Corporate Expiring Provisions ($ billions in net federal revenue) | ||||||||||||||||
30 | R&D Expensing (expired 2021)* | -$153 | -$53 | -$25 | -$19 | -$13 | -$8 | -$7 | -$7 | -$7 | -$7 | -$8 | N/A | Congressional Budget Office: Revenue Projections (tab 10), May 2022 | |||
31 | Limitation of Interest Deductions (expired 2021) | N/A | Not Inculeded; Tax Policy Center Estimates 10-year cost to be -$84 billion | Tax Policy Center: TCJA Corporate Tax Estimate, December 2022 | |||||||||||||
32 | Depreciation Rules (expired 2022) | -$325 | N/A | -$33 | -$35 | -$45 | -$53 | -$48 | -$35 | -$26 | -$20 | -$16 | -$15 | Congressional Budget Office: Budgetary Outcomes Under Alternative Assumptions About Spending and Revenues | |||
33 | Corporate FDII Deduction | -$111 | N/A | $0 | $0 | -$6 | -$13 | -$14 | -$15 | -$15 | -$15 | -$16 | -$16 | ||||
34 | Corporate BEAT Rate | -$14 | N/A | $0 | $0 | -$1 | -$2 | -$2 | -$2 | -$2 | -$2 | -$2 | -$2 | ||||
35 | Corporate Meal Deduction | -$25 | N/A | $0 | $0 | -$3 | -$3 | -$3 | -$3 | -$3 | -$3 | -$3 | -$4 | ||||
36 | Total Corporate Expiring Provisions | -$628 | -$53 | -$58 | -$54 | -$67 | -$78 | -$74 | -$61 | -$53 | -$48 | -$45 | -$36 | ||||
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38 | NET TAX CUT | -$3,243 | -$53 | -$58 | -$61 | -$204 | -$438 | -$423 | -$402 | -$389 | -$397 | -$407 | -$411 | ||||
39 | Debt Service | -$368 | $0 | -$1 | -$2 | -$5 | -$14 | -$26 | -$38 | -$51 | -$63 | -$77 | -$91 | CBO (page 5) | |||
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45 | Annual Republican Discretionary Budget Cuts | $0 | $129 | $202 | $244 | $280 | $314 | $343 | $373 | $404 | $436 | $470 | |||||
46 | Annual Republican Tax Cuts | $53 | $58 | $61 | $204 | $438 | $423 | $402 | $389 | $397 | $407 | $411 | |||||
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