[Congressional Record Volume 169, Number 70 (Wednesday, April 26, 2023)] [House] [Pages H1979-H2039] From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
Date: 2023-04-26
Chamber: HOUSE
Mr. SMITH : I include in the Record this JCT analysis from 2022, suggesting that the total costs of the special interest tax credits for the rich in the Inflation Reduction Act would be $271 billion. Mr. Speaker, I also include in the Record yesterday's CBO score, which shows that the cost has more than doubled to $570 billion, and it is growing every day. The wealthy and politically connected corporations will receive hundreds of billions of dollars more than advertised.  ESTIMATED BUDGET EFFECTS OF THE REVENUE PROVISIONS OF TITLE I--COMMITTEE ON FINANCE, OF AN AMENDMENT IN THE NATURE OF A SUBSTITUTE TO H.R. 5376, ``AN ACT TO PROVIDE FOR RECONCILIATION PURSUANT TO TITLE II OF S. CON RES. 14,'' AS PASSED BY THE SENATE ON AUGUST 7, 2022, AND SCHEDULED FOR CONSIDERATION BY THE HOUSE OF REPRESENTATIVES ON AUGUST 12, 2022 Fiscal years 2022-2031 [millions of dollars] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Provision                     Effective           2022       2023       2024       2025       2026       2027       2028       2029       2030       2031     2022-26     2022-31 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ TITLE I--COMMITTEE ON FINANCE SUBTITLE A--DEFICIT REDUCTION Part 1--Corporate Tax Reform--   tyba 12/31/22........      - - -     34,679     34,258     22,039     17,702     18,699     20,798     22,756     24,658     26,659    108,678      222,248 Corporate Alternative Minimum Tax. Part 2--Excise Tax on            rosa 12/31/22........      - - -      5,697      7,875      8,070      8,581      8,882      8,838      8,603      8,500      8,641     30,223       73,686 Repurchase of Corporate Stock. Part 3--Funding the Internal     DOE..................                                       Estimate to be Provided by the Congressional Budget Office Revenue Service and Improving Taxpayer Compliance-- Enhancement of Internal Revenue Service Resources. SUBTITLE A--DEFICIT REDUCTION......                             - - -     40,376     42,133     30,109     26,283     27,581     29,636     31,359     33,158     35,300    138,901      295,934 SUBTITLE B--PRESCRIPTION DRUG        - - -................                                       Estimate to be Provided by the Congressional Budget Office PRICING REFORM--LOWERING DRUG PRICES THROUGH DRUG PRICE NEGOTIATION. SUBTITLE C--AFFORDABLE CARE ACT      tyba 12/31/22........                                       Estimate to be Provided by the Congressional Budget Office SUBSIDIES--IMPROVE AFFORDABILITY AND REDUCE PREMIUM COST OF HEALTH INSURANCE FOR CONSUMERS (sunset 12/ 31/25). SUBTITLE D--ENERGY SECURITY Part 1--Clean Electricity and Reducing Carbon Emissions 1. Extension and modification    fpisa 12/31/21 &           - - -     -1,562     -2,183     -3,317     -4,822     -6,428     -7,677     -8,232     -8,329     -8,511    -11,885      -51,062 of credit for electricity        ftcowba DOE & fpisa produced from certain            12/31/22. renewable resources (sunset 12/ 31/24) [1]. 2. Extension and modification    generally ppisa 12/31/     - - -     -2,140     -1,559     -2,458     -5,367     -2,359        -48        -38         -9         15    -11,523      -13,962 of energy credit (sunset 12/31/  21. 24) [1]. 3. Increase in energy credit     1/1/23...............                                               Estimate Included in Items 1. and 2. Above for solar facilities placed in service in connection with low- income communities. 4. Extension and modification    foepisa 12/31/22 &         - - -        -42       -303       -469       -495       -463       -429       -388       -343       -296     -1,309       -3,229 of credit for carbon oxide       cocadoa 12/31/21. sequestration (sunset 12/31/ 32) [1]. 5. Zero-emission nuclear power   epasa 12/31/23             - - -      - - -     -2,188     -3,524     -3,710     -3,838     -3,960     -4,050     -4,279     -4,452     -9,421      -30,001 production credit (sunset 12/    itybasd. 31/32) [1]. Total of Part 1--Clean                                  - - -     -3,744     -6,233     -9,768    -14,394    -13,088    -12,115    -12,709    -12,961    -13,243    -34,138      -98,254 Electricity and Reducing Carbon Emissions. Part 2--Clean Fuels 1. Extensions of incentives for  [2]..................      - - -     -2,776     -1,780     -1,015      - - -      - - -      - - -      - - -      - - -      - - -     -5,571       -5,571 biodiesel, renewable diesel and alternative fuels (sunset 12/31/24). 2. Extensions of second          qsgbpa 12/31/21......      - - -        -24        -20        -10      - - -      - - -      - - -      - - -      - - -      - - -        -54          -54 generation biofuel incentives (sunset 12/31/24). 3. Sustainable aviation fuel     FSOUA 12/31/22.......      - - -        -10        -25        -14         --         --         --         --         --         --        -49          -49 credit (sunset 12/31/24). 4. Credit for production of      [3]..................      - - -       -131       -362       -610       -918     -1,251     -1,627     -2,082     -2,667     -3,518     -2,021      -13,166 clean hydrogen (sunset 12/31/ 32) [1]. Total of Part 2--Clean                                  - - -     -2,941     -2,187     -1,649       -918     -1,251     -1,627     -2,082     -2,667     -3,518     -7,695      -18,840 Fuels. Part 3--Clean Energy and Efficiency Incentives for Individuals 1. Extension, increase, and      [4]..................  .........     -1,887     -1,348     -1,324     -1,345     -1,327     -1,277     -1,301     -1,314     -1,327     -5,904      -12,451 modifications of nonbusiness energy property credit (sunset 12/31/32). 2. Extension and modification    ema 12/31/21 & ema 12/ .........       -459     -1,021     -2,692     -2,770     -2,850     -2,935     -3,019     -3,092     -3,185     -6,942      -22,022 of the residential energy        31/22. efficient property credit (sunset 12/31/34). 3. Energy efficient commercial   tyba 12/31/22 & ppisa      - - -        -62        -50        -46        -42        -38        -35        -32        -30        -28       -200         -362 buildings deduction.             12/31/22 ityeasd. 4. Extension, increase, and      duaa 12/31/21........      - - -       -273       -193       -203       -216       -230       -241       -240       -229       -217       -887       -2,043 modifications of new energy efficient home credit (sunset 12/31/32). Total of Part 3--Clean                                  - - -     -2,681     -2,612     -4,265     -4,373     -4,445     -4,488     -4,592     -4,665     -4,757    -13,932      -36,879 Energy and Efficiency Incentives for Individuals. Part 4--Clean Vehicles 1. Clean vehicle credit (sunset  generally vpisa 12/31/     - - -        -85       -451       -557       -681       -854     -1,024     -1,155     -1,303     -1,429     -1,775       -7,541 12/31/32) [1].                   22. 2. Credit for previoiusly-owned  vaa 12/31/22.........      - - -        -99        -96       -120       -132       -146       -162       -179       -197       -215       -447       -1,347 clean vehicles (sunset 12/31/ 32) [1]. 3. Credit for qualified          vaa 12/31/22.........      - - -       -189       -177       -228       -298       -388       -469       -539       -607       -687       -892        3,583 commercial clean vehicles (sunset 12/31/32. 4. Alternative fuel refueling    ppisa 12/31/21.......      - - -       -138       -128       -145       -164       -184       -207       -231       -257       -284       -575       -1,738 property credit (sunset 12/31/ 32). Total of Part 4--Clean                                  - - -       -511       -852     -1,050     -1,275     -1,572     -1,862     -2,105     -2,365     -2,615     -3,689      -14,209 Vehicles. Part 5--Investment in Clean Energy Manufacturing and Energy Security 1. Extension of the advanced     1/1/23...............      - - -     -1,463     -1,377       -915       -926       -614       -442       -280       -196        -42     -4,681       -6,255 energy project credit [1]. 2. Advanced manufacturing        cpasa 12/31/22.......      - - -     -1,755     -2,503     -2,691     -3,165     -3,563     -3,938     -4,534     -4,562     -3,921    -10,115      -30,632 production credit (sunset 12/ 31/32) [1]. Total of Part 5--Investment                             - - -     -3,218     -3,880     -3,606     -4,091     -4,177     -4,380     -4,814     -4,758     -3,963    -14,796      -36,887 in Clean Energy Manufacturing and Energy security. Part 6--Reinstatement of Superfund.  1/1/23...............      - - -        902      1,230      1,271      1,304      1,336      1,368      1,402      1,436      1,470      4,707       11,719 Part 7--Incentives for Clean Electricity and Clean Transportation 1. Clean electricity production  fpisa 12/31/24.......      - - -      - - -      - - -      - - -        -12        -45       -571     -1,864     -3,497     -5,215        -12      -11,204 credit [1]. 2. Clean electricity investment  ppisa 12/31/24.......      - - -      - - -      - - -        -39        -57     -6,575    -10,315    -10,742    -11,264    -11,865        -97      -50,858 credit [1]. 3. Cost recovery for qualified   fappisa 12/31/24.....      - - -      - - -      - - -      - - -      - - -        -26        -83       -134       -171       -211      - - -         -624 facilitites, qualified property, and energy storage technology. 4. Clean fuel production credit  tfpa 12/31/24........      - - -      - - -      - - -       -641       -791     -1,177       -337        ---        ---        ---     -1,432       -2,946 (sunset 12/31/27) [1]. Total of Part 7--Incentives  - - -................      - - -      - - -      - - -       -680       -860     -7,823    -11,306    -12,740    -14,932    -17,291     -1,541      -65,632 for Clean Electricity and Clean Transportation. Part 8--Credit Monetization and      tyba 12/31/22........                                               Estimates Contained in Relevant Items Above Appropriations--Elective Payment for Energy Property and Electricity Produced from Certain Renewable Resources, etc., and Transfer of Credits [1]. Part 9--Other Provisions 1. Permanent extension of tax    [6]..................      - - -        103        135        131        130        130        131        132        133        134        498        1,159 rate to fund Black Lung Disability Trust Fund. 2. Increase in research credit   tyba 12/31/22........      - - -        -16        -13        -15        -16        -18        -21        -22        -23        -24        -60         -168 against payroll tax for small businesses. 3. Limitation on excess          tyba 12/31/26........      - - -      - - -      - - -      - - -      - - -     17,666     26,198      9,453       -274       -284      - - -       52,759 business losses of noncorporate taxpayers extended for two years. Total of Part 9--Other       - - -................      - - -         87        122        116        114     17,778     26,308      9,563       -164       -174        438       53,750 Provisions. SUBTITLE D--ENERGY SECURITY........  - - -................      - - -    -12,107    -14,412    -19,631    -24,493    -13,243     -8,101    -28,076    -41,076    -44,091    -70,646     -205,231 ------------------------------------------------------------------------------------------------------------------------------------------------------------ NET TOTAL..................  - - -................      - - -     28,269     27,721     10,478      1,790     14,338     21,535      3,283     -7,918     -8,791     68,255       90,703 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Joint Committee on Taxation NOTE: Details may not add to totals due to rounding. The date of enactment is assumed to be September 1, 2022. Revenue provisions as stated in statutory language 117SAHR5376. Legend for ``Effective'' column. cocadoa = carbon oxide captured and disposed of after cpasa = components produced and sold after DOE = date of enactment duaa = dwelling units acquired after ema = expenditures made after epasa = electricity produced and sold after fappisa = facilities and property placed in sevice after foepisa = facilities or equipment placed inservice after fpisa = facilities placed in service after fsoua = fuel sold or used after ftcowba = facilities the construction of which begins after itybasd = in taxable years beginning after such date ityeasd = in taxable years ending after such date ppisa = property placed in service after rosa = repurchases of stock after qsgbpa = qualified second generation biofuel production after tfpa = transportation fuel produced after tyba = taxable years beginning after vaa = vehicles acquired after vpisa = vehicles placed in service after [1] Estimate contains the following outlay effects:  ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 2022         2023         2024         2025         2026         2027         2028         2029         2030         2031       2022-26      2022-31 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Extension and modification of credit for electricity produced from certain renewable resources (sunset 12/31/24)................                                                                   Negligible Outlay Effect Extension and modification of energy credit (sunset 12/31/24)..                                                                   Negligible Outlay Effect Extension and modification of             - - -           20          145          225          238          222          206          186          165          142          628        1,550 credit for carbon oxide sequestration (sunset 12/31/32).. Zero-emission nuclear power               - - -        - - -        1,050        1,692        1,781        1,842        1,901        1,944        2,054        2,137        4,522       14,401 production credit (sunset 12/31/ 32).............................. Credit for production of clean            - - -           59          149          244          364          498          657          851        1,086        1,410          815        5,317 hydrogen (sunset 12/31/32)....... Extension of the advanced energy project credit...................                                                                   Negligible Outlay Effect Clean vehicle credit (sunset 12/31/ 32)..............................                                                                   Negligible Outlay Effect Credit for previously-owned clean vehicles (sunset 12/31/32).......                                                                   Negligible Outlay Effect Advanced manufacturing production         - - -          842        1,201        1,291        1,519        1,710        1,890        2,176        2,189        1,882        4,853       14,699 credit (sunset 12/31/32)......... Clean electricity production              - - -            1            1            2            2            3            3            4            5            6            6           26 credit........................... Clean electricity investment credit...........................                                                                   Negligible Outlay Effect Clean fuel production credit......                                                                   Negligible Outlay Effect ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ [2] Effective for fuel sold or used after December 31, 2022, for biodiesel and renewable diesel, and December 31, 2021 for alternative fuels. [3] Effective for hydrogen produced after December 31, 2022, for property placed in service after December 31, 2022, and, for any property the construction of which begins prior to January 1, 2023, only to the extent of the basis thereof attributable to the construction, reconstruction, or erection after December 31, 2022, and for fuel sold or used after December 31, 2022. [4] Applies to property placed in service after December 31, 2022. Extension of credit shall apply to property placed in servie after December 31, 2021 and identification number requirement shall apply to property placed in service after December 31, 2024. [5]The temporary increase in the amount of tax on coal terminates for sales after December 31, 2025. [6] Applies to sales in calendar quarters beginning after the date of the enactment.  TABLE 1.--CHANGES IN CBO'S BASELINE PROJECTIONS OF H.R. 2811, THE DEFICIT UNDER THE LIMIT, SAVE, GROW ACT OF 2023, AS POSTED ON THE WEBSITE OF THE HOUSE COMMITTEE ON RULES ON APRIL 19, 2023 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ By fiscal year, billions of dollars-- ---------------------------------------------------------------------------------------------------------------------------------------- 2023       2024       2025       2026       2027       2028       2029       2030       2031       2032       2033       2023-2033 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Increases or Decreases (-) in the Projected Deficit Caps on Discretionary Funding a........................          0     -129.0     -201.8     -243.7     -279.7     -314.0     -342.8     -373.1     -404.3     -436.2     -469.9        -3,194.5 Student Loan Programs..................................     -387.0       -6.2       -6.7       -7.2       -7.7       -7.7       -7.6       -7.6       -7.5       -7.4       -7.4          -460.0 Energy Tax Provisions (JCT estimate) b                       -13.1      -35.5      -49.9      -63.2      -68.1      -66.1      -62.9      -55.6      -53.3      -54.0      -47.9          -569.5 Funding for the Internal Revenue Service and Related          -0.7        3.4        8.4       11.8       14.3       16.2       17.6       17.4       17.3        8.8        5.3           119.7 Agencies.............................................. Work Requirements......................................          0       -0.6       -5.6       -8.5      -11.8      -12.8      -13.9      -15.1      -16.1      -17.2      -18.5          -120.1 Rescissions of Funds Provided in Six Laws Enacted From       -13.8       -9.7       -3.8       -1.4       -0.6       -0.1       -0.1          0          0          0          0           -29.5 2020 to 2022.......................................... Energy Leasing and Permitting Provisions...............       -0.4       -2.0       -4.3       -5.7       -4.3        0.3        2.6        3.1        3.2        3.3        0.8            -3.4 Debt Service c.........................................       -0.5       -4.2      -11.9      -20.7      -30.9      -43.1      -55.6      -70.4      -85.8     -102.5     -121.4          -547.0 Total Change in the Projected Deficit..............     -415.4     -183.7     -275.6     -338.6     -388.8     -427.3     -462.7     -501.4     -546.5     -605.2     -659.0        -4,804.3 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Sources: Congressional Budget Office, staff of the Joint Committee on Taxation (JCT). Components may not sum to totals because of rounding. Budgetary effects are relative to CBO's February 2023 baseline projections and include updates to incorporate new information about certain programs. a This estimate incorporates the assumption that future appropriations will match the proposed caps, where applicable, and that funding that would not be constrained by the caps (such as funding designated as an emergency requirement) will match amounts in CBO's baseline projections. Deficits could be larger or smaller, depending on whether the amounts appropriated are larger or smaller than the amounts that CBO projects in this analysis. b Estimates provided by JCT are preliminary and subject to change. c Changes in CBO's estimates of public debt for the 2023-2033 period under the bill are driven primarily by changes to estimated annual budget deficits. However, changes to the government's cash flows associated with the federal student loan program (not shown in this table) also affect CBO's estimates of public debt and of the interest required to service that debt.  TABLE 2.--CHANGES TO CBO'S PROJECTIONS OF DISCRETIONARY SPENDING UNDER THE CAPS SPECIFIED IN H.R. 2811, THE LIMIT, SAVE, GROW ACT OF 2023, AS POSTED ON THE WEBSITE OF THE HOUSE COMMITTEE ON RULES ON APRIL 19, 2023 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ By fiscal year, billions of dollars-- ---------------------------------------------------------------------------------------------------------------------------------------- 2023       2024       2025       2026       2027       2028       2029       2030       2031       2032       2033       2023-2033 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Projections of Discretionary Spending CBO's February 2023 Baseline: Budget Authority...................................    1,823.7    1,906.6    1,952.0    1,995.3    2,045.7    2,093.6    2,143.5    2,195.1    2,247.4    2,300.3    2,356.1        23,059.5 Outlays............................................    1,741.2    1,864.4    1,955.4    2,004.9    2,063.1    2,119.0    2,159.1    2,215.0    2,266.4    2,319.2    2,380.2        23,087.8 With Proposed Caps on Discretionary Budget Authority: a Budget Authority...................................    1,823.7    1,677.9    1,696.4    1,712.8    1,732.4    1,752.1    1,769.8    1,789.9    1,807.7    1,827.6    1,847.3        19,437.9 Outlays............................................    1,741.2    1,735.4    1,753.6    1,761.2    1,783.4    1,805.0    1,816.3    1,841.9    1,862.1    1,883.0    1,910.3        19,893.3 Effect of Proposed Discretionary Caps Relative to the February 2023 Baseline: Budget Authority...................................          0     -228.7     -255.6     -282.5     -313.3     -341.5     -373.7     -405.2     -439.7     -472.7     -508.8        -3,621.6 Outlays............................................          0     -129.0     -201.8     -243.7     -279.7     -314.0     -342.8     -373.1     -404.3     -436.2     -469.9        -3,194.5 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Source: Congressional Budget Office. Components may not sum to totals because of rounding. a The bill specifies caps on most discretionary budget authority for fiscal years 2024 through 2023. Appropriations designated for certain categories of spending would result in adjustments, and limits would apply to some of those adjustments. The caps would not apply to funding for certain programs under the 21st Century Cures Act or to certain funding from the Harbor Maintenance Trust Fund.  TABLE 3.--ESTIMATED DIRECT SPENDING AND REVENUE EFFECTS OF H.R. 2811, THE LIMIT, SAVE, GROW ACT OF 2023, AS POSTED ON THE WEBSITE OF THE HOUSE COMMITTEE ON RULES ON APRIL 19, 2023 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ By fiscal year, billions of dollars-- -------------------------------------------------------------------------------------------------------------------------------------------------------- 2023       2024       2025       2026       2027       2028       2029       2030       2031       2032       2033       2023-2028       2023-2033 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Increases or Decreases (-) in Direct Spending Federal Student Loans: Student Loan Cancellation: Estimated Budget Authority.........     -319.6        0.4        0.4        0.4        0.4        0.4        0.4        0.4        0.4        0.4        0.4          -317.6          -315.6 Estimated Outlays..................     -319.6        0.4        0.4        0.4        0.4        0.4        0.4        0.4        0.4        0.4        0.4          -317.6          -315.6 Income-Driven Repayment Plan: Estimated Budget Authority.........      -43.3       -6.0       -6.5       -7.2       -8.0       -8.1       -8.1       -8.1       -8.1       -8.3       -8.4           -79.1          -120.1 Estimated Outlays..................      -42.8       -5.2       -5.8       -6.4       -7.0       -7.1       -7.1       -7.2       -7.2       -7.3       -7.4           -74.3          -110.5 Interactive and Other Effects: Estimated Budget Authority.........      -24.6       -1.4       -1.3       -1.2       -1.1       -1.0       -0.9       -0.8       -0.7       -0.5       -0.4           -30.6           -33.9 Estimated Outlays..................      -24.6       -1.4       -1.3       -1.2       -1.1       -1.0       -0.9       -0.8       -0.7       -0.5       -0.4           -30.6           -33.9 Subtotal, Federal Student Loans: Estimated Budget Authority.........     -387.5       -7.0       -7.4       -8.0       -8.7       -8.7       -8.6       -8.5       -8.4       -8.4       -8.4          -427.3          -469.6 Estimated Outlays..................     -387.0       -6.2       -6.7       -7.2       -7.7       -7.7       -7.6       -7.6       -7.5       -7.4       -7.4          -422.5          -460.0 Energy Tax Provisions (JCT estimate) a: Estimated Budget Authority.........       -0.1       -0.2       -0.4       -0.7       -1.0       -1.3       -1.3       -1.9       -2.6       -3.3       -4.1            -3.5           -16.7 Estimated Outlays..................       -0.1       -0.2       -0.4       -0.7       -1.0       -1.3       -1.3       -1.9       -2.6       -3.3       -4.1            -3.5           -16.7 Funding for the Internal Revenue Service and Related Agencies: Estimated Budget Authority.........      -71.5          0          0          0          0          0          0          0          0          0          0           -71.5           -71.5 Estimated Outlays..................       -2.4       -2.8       -4.1       -5.6       -7.3       -9.2      -11.4      -14.0      -14.6          0          0           -31.4           -71.5 Work Requirements: Community Engagement Requirement for Medicaid: Estimated Budget Authority.........          0          0       -4.4       -7.3      -10.6      -11.6      -12.7      -13.9      -14.9      -16.0      -17.3           -33.9          -108.7 Estimated Outlays..................          0          0       -4.4       -7.3      -10.6      -11.6      -12.7      -13.9      -14.9      -16.0      -17.3           -33.9          -108.7 Supplemental Nutrition Assistance Program: Estimated Budget Authority.........          0       -0.6       -1.2       -1.2       -1.2       -1.2       -1.2       -1.2       -1.2       -1.2       -1.2            -5.4           -11.4 Estimated Outlays..................          0       -0.6       -1.2       -1.2       -1.2       -1.2       -1.2       -1.2       -1.2       -1.2       -1.2            -5.4           -11.4 Temporary Assistance for Needy Families: Estimated Budget Authority.........          0          0          0          0          0          0          *          *          *          *          *               0               * Estimated Outlays..................          0          0          0          0          0          0          *          *          *          *          *               0               * Subtotal, Work Requirements: Estimated Budget Authority.........          0       -0.6       -5.6       -8.5      -11.8      -12.8      -13.9      -15.1      -16.1      -17.2      -18.5           -39.3          -120.1 Estimated Outlays..................          0       -0.6       -5.6       -8.5      -11.8      -12.8      -13.9      -15.1      -16.1      -17.2      -18.5           -39.3          -120.1 Rescissions of Funds Provided in Six Laws Enacted From 2020 to 2022: Estimated Budget Authority.........      -55.5          0          0          0          0          0          0          0          0          0          0           -55.5           -55.5 Estimated Outlays..................      -13.8       -9.7       -3.8       -1.4       -0.6       -0.1       -0.1          0          0          0          0           -29.4           -29.5 Energy Leasing and Permitting Provisions: Estimated Budget Authority.........      -32.2        1.5        1.7        1.7        1.4        1.5        1.7        1.9        2.0        2.3       -0.1           -24.4           -16.6 Estimated Outlays..................       -0.4       -2.0       -4.3       -5.7       -4.3       -0.6        1.3        1.7        2.0        2.2        0.3           -17.3            -9.8 Total Change in Direct Spending: Estimated Budget Authority.....     -546.8       -6.3      -11.7      -15.5      -20.1      -21.3      -22.1      -23.6      -25.1      -26.6      -31.1          -621.5          -750.0 Estimated Outlays..............     -403.7      -21.5      -24.9      -29.1      -32.7      -31.7      -33.0      -36.9      -38.8      -25.7      -29.7          -543.4          -707.6 Increases or Decreases (-) in Revenues Energy Tax Provisions (JCT estimate) *.       13.0       35.3       49.6       62.5       67.1       64.8       61.6       53.8       50.7       50.7       43.8           292.3           552.9 Funding for the Internal Revenue              -1.6       -6.2      -12.5      -17.4      -21.6      -25.4      -29.0      -31.4      -31.9       -8.8       -5.3           -84.7          -191.2 Service and Related Agencies.......... Energy Leasing and Permitting                    0          0          0          0          0       -0.9       -1.3       -1.4       -1.2       -1.1       -0.5            -0.9            -6.4 Provisions............................ -------------------------------------------------------------------------------------------------------------------------------------------------------- Total Change in Revenues...........       11.4       29.1       37.1       45.1       45.5       38.5       31.3       21.0       17.6       40.8       38.0           206.7           355.3 Net Decrease (-) in the Deficit From Changes in Direct Spending and Revenues Total Change in the Deficit........     -415.1      -50.6      -61.9      -74.2      -78.2      -70.2      -64.3      -57.8      -56.4      -66.5      -67.7          -750.1        -1,062.8 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Sources: Congressional Budget Office, staff of the Joint Committee on Taxation (JCT). Components may not sum to totals because of rounding, * = between -$50 million and zero. Budgetary effects are relative to CBO's February 2023 baseline projections and include updates to incorporate new information about certain programs. a Estimates provided by JCT are preliminary and subject to change.