This volume presents 115 options that would decrease federal spending or increase federal revenues over the next decade (see Table 1-1 on page 6). The options included in this volume come from various sources. Some are based on proposed legislation or on the budget proposals of various Administrations; others come from Congressional offices or from entities in the federal government or in the private sector. The options cover many areas—ranging from defense to energy, Social Security, and provisions of the tax code. The budgetary effects identified for most of the options span the 10 years from 2017 to 2026 (the period covered by CBO’s March 2016 baseline budget projections), although many of the options would have longer-term effects as well.
ITEM AVAILABLE DATE 12/19/16.
1 Introduction 1
The Current Context for Decisions About the Budget 2
Choices for the Future 4
Caveats About This Volume 5
2 Mandatory Spending Options 11
Trends in Mandatory Spending 11
Analytic Method Underlying the Estimates of Mandatory Spending 12
Options in This Chapter 13
3 Discretionary Spending Options 65
Trends in Discretionary Spending 65
Analytic Method Underlying the Estimates of Discretionary Spending 66
Options in This Chapter 67
4 Revenue Options 119
Trends in Revenues 119
Tax Expenditures 120
BOX 4-1. TEMPORARY TAX PROVISIONS 122
Analytic Method Underlying the Estimates of Revenues 123
Options in This Chapter 125
5 Health Options 215
Trends in Health-Related Federal Spending and Revenues 215
Analytic Method Underlying the Estimates Related to Health 217
Options in This Chapter 217
6 The Budgetary Implications of Eliminating a Cabinet Department 277
An Overview of the Budgets of the Cabinet Departments 278
BOX 6-1. THE TREATMENT OF FEDERAL CREDIT PROGRAMS IN THIS ANALYSIS 280
Commerce, Education, and Energy: Departmental Budgets by Program 285
Policy and Implementation Issues 295
List of Tables and Figures 299
About This Document 300
This report is intended for use by members of Congress and policymakers to inform them of possible policy choices.
Product Details
- Reducing the Deficit
- Deficit
