Summary Tables

SUMMARY TABLES
169
Table S–1. Budget Totals
(In billions of dollars and as a percent of GDP)
Totals
2012- 2012-
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2016 2021
Budget Totals in Billions of Dollars:
Receipts .......................................................... 2,163 2,174 2,627 3,003 3,333 3,583 3,819 4,042 4,257 4,473 4,686 4,923 16,366 38,747
Outlays ........................................................... 3,456 3,819 3,729 3,771 3,977 4,190 4,468 4,669 4,876 5,154 5,422 5,697 20,134 45,952
Deficit ....................................................... 1,293 1,645 1,101 768 645 607 649 627 619 681 735 774 3,769 7,205
Debt held by the public .................................. 9,019 10,856 11,881 12,784 13,562 14,301 15,064 15,795 16,513 17,284 18,103 18,967
Debt net of financial assets ........................... 7,894 9,505 10,585 11,344 11,988 12,595 13,243 13,869 14,488 15,169 15,903 16,677
Gross domestic product (GDP) ........................... 14,508 15,080 15,813 16,752 17,782 18,804 19,791 20,755 21,679 22,624 23,608 24,633
Budget Totals as a Percent of GDP:
Receipts .......................................................... 14.9% 14.4% 16.6% 17.9% 18.7% 19.1% 19.3% 19.5% 19.6% 19.8% 19.9% 20.0% 18.3% 19.0%
THE BUDGET FOR FISCAL YEAR 2012
Outlays ........................................................... 23.8% 25.3% 23.6% 22.5% 22.4% 22.3% 22.6% 22.5% 22.5% 22.8% 23.0% 23.1% 22.7% 22.7%
Deficit ....................................................... 8.9% 10.9% 7.0% 4.6% 3.6% 3.2% 3.3% 3.0% 2.9% 3.0% 3.1% 3.1% 4.3% 3.7%
Debt held by the public .................................. 62.2% 72.0% 75.1% 76.3% 76.3% 76.1% 76.1% 76.1% 76.2% 76.4% 76.7% 77.0%
Debt net of financial assets ........................... 54.4% 63.0% 66.9% 67.7% 67.4% 67.0% 66.9% 66.8% 66.8% 67.0% 67.4% 67.7%
Memorandum, budget totals with AMT
relief fully paid for:
In billions of dollars:
Deficit ....................................................... 1,293 1,645 1,101 768 645 579 475 452 415 445 463 464
Debt held by the public ........................... 9,019 10,856 11,881 12,784 13,562 14,274 14,862 15,419 15,932 16,467 17,015 17,568
Debt net of financial assets ..................... 7,894 9,505 10,585 11,344 11,988 12,567 13,041 13,493 13,907 14,352 14,815 15,278
As a percent of GDP:
Deficit ....................................................... 8.9% 10.9% 7.0% 4.6% 3.6% 3.1% 2.4% 2.2% 1.9% 2.0% 2.0% 1.9%
Debt held by the public ........................... 62.2% 72.0% 75.1% 76.3% 76.3% 75.9% 75.1% 74.3% 73.5% 72.8% 72.1% 71.3%
Debt net of financial assets ..................... 54.4% 63.0% 66.9% 67.7% 67.4% 66.8% 65.9% 65.0% 64.2% 63.4% 62.8% 62.0%
171
Table S–2. Effect of Budget Proposals on Projected Deficits
172
(Deficit increases (+) or decreases (–) in billions of dollars)

Totals
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012- 2012-
2016 2021
Projected deficits in the adjusted baseline1 ........... 1,597 1,090 846 770 841 938 890 891 960 1,045 1,116 4,486 9,387
Percent of GDP ............................................................. 10.6% 6.9% 5.1% 4.3% 4.5% 4.7% 4.3% 4.1% 4.2% 4.4% 4.5% 5.1% 4.7%
Mandatory, revenue, and discretionary non-
security proposals:
Mandatory and Revenue proposals:
Tax cuts for families and businesses2 .................. 1 23 32 30 35 40 42 43 46 49 52 160 392
Other revenue changes and loophole closers3 ..... –* –17 –29 17 –43 –88 –40 –36 –29 –42 –37 –159 –344
Pay for three years of AMT relief by reducing
the value of certain tax expenditures ............. ......... –6 –19 –26 –30 –33 –36 –39 –41 –44 –47 –114 –321
Reauthorize Surface Transportation .................. ......... –13 –6 –11 –13 –10 –7 –5 –6 –7 –9 –53 –87
Policy for physicians relief from sustainable

growth rate formula (SGR) .............................. ......... 17 26 5 –5 –6 –7 –7 –7 –10 –14 37 –8
Other proposed changes in mandatory programs
and user fees .................................................... 18 9 2 –16 –29 –25 –29 –27 –20 –20 –21 –59 –176
Subtotal, mandatory and revenue proposals ... 19 14 6 –3 –84 –121 –76 –72 –58 –74 –77 –188 –544
Freeze discretionary non-security funding
through 2015 .......................................................... 12 –6 –20 –33 –47 –47 –50 –48 –51 –48 –57 –153 –406
Debt service and indirect interest effects ................... * –* –1 –* –3 –10 –17 –23 –29 –35 –42 –15 –161
Subtotal, mandatory, revenue, and non-security

discretionary proposals .......................................... 31 8 –15 –36 –134 –178 –143 –142 –138 –157 –176 –355 –1,111
Proposed changes in discretionary security
programs:
Overseas contingency operations (OCO) ................... 3 –19 –82 –107 –115 –120 –123 –126 –129 –133 –136 –443 –1,090
Other security proposals ............................................. 15 22 18 20 22 21 20 20 18 15 11 104 188
Debt service ................................................................. * * –* –3 –8 –12 –18 –23 –29 –35 –42 –23 –170
Subtotal, discretionary security proposals ........... 17 3 –64 –90 –100 –111 –120 –130 –140 –153 –167 –362 –1,072
Total deficit reduction ................................................ 48 11 –79 –125 –234 –289 –263 –272 –278 –310 –342 –717 –2,182
Resulting deficits in 2012 Budget ............................ 1,645 1,101 768 645 607 649 627 619 681 735 774 3,769 7,205
Percent of GDP ............................................................. 10.9% 7.0% 4.6% 3.6% 3.2% 3.3% 3.0% 2.9% 3.0% 3.1% 3.1% 4.3% 3.7%
SUMMARY TABLES
Table S–2. Effect of Budget Proposals on Projected Deficits—Continued
Totals
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012- 2012-
2016 2021
Memorandum, costs avoided by allowing upper-
income tax cuts to expire:
Additional cost of extending the 2001 and 2003 tax
cuts for high-income taxpayers ............................... ......... 6 35 53 63 73 82 89 96 102 109 230 709
Additional cost of extending the current estate tax
cut ............................................................................ * * 1 8 9 10 12 13 14 15 16 28 98
Debt service .................................................................. ......... * 1 3 6 10 14 19 25 31 38 19 147
Total, costs avoided by allowing upper-income
tax cuts to expire .............................................. * 6 36 64 78 94 108 121 134 149 163 278 953
Memorandum, budget authority savings from
Department of Defense (DOD) request:
Savings versus DOD 2011 Future Years Defense
Plan ........................................................................... ......... –13 –11 –11 –18 –24 n/a n/a n/a n/a n/a –78 n/a
* $500 million or less.
1
See tables S-3 and S-7 for information on the adjusted baseline.
2
Includes the effects of continuing certain expiring provisions through calendar year 2012.
3
Includes incentives to promote regional growth, trade initiatives and other tax initiatives on Table S-8.
173
Table S–3. Adjusted Baseline by Category 1
174
(In billions of dollars)
Totals
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
2012– 2012–
2016 2021
Outlays:
Appropriated (“discretionary”) programs:
Security ................................................................... 815 891 881 882 895 910 928 948 970 992 1,015 1,039 4,497 9,460
Non-security ........................................................... 491 496 462 444 444 449 455 462 473 485 497 509 2,254 4,680
Subtotal, appropriated programs ..................... 1,306 1,386 1,344 1,326 1,339 1,359 1,383 1,410 1,443 1,477 1,512 1,548 6,751 14,141
Mandatory programs:
Social Security ........................................................ 701 727 761 802 847 895 947 1,004 1,065 1,129 1,199 1,272 4,252 9,922
Medicare ................................................................. 446 488 468 501 529 554 601 617 637 692 742 792 2,653 6,133
Medicaid .................................................................. 273 276 269 289 354 394 431 462 493 528 563 606 1,737 4,387
Troubled Asset Relief Program (TARP) 2 ............... –110 –28 13 10 5 4 2 1 * * * ......... 34 35
Other mandatory programs ................................... 644 713 598 548 571 608 659 666 672 712 741 780 2,984 6,555
Subtotal, mandatory programs ........................ 1,954 2,177 2,109 2,150 2,306 2,455 2,640 2,750 2,866 3,061 3,245 3,450 11,660 27,032
Net interest ................................................................... 196 205 240 322 421 505 584 661 730 798 863 928 2,072 6,051
Disaster costs 3 ................................................................ ......... 2 6 8 8 9 10 10 10 10 10 10 42 92
Total outlays ........................................................... 3,456 3,771 3,699 3,805 4,075 4,328 4,617 4,831 5,049 5,346 5,629 5,936 20,524 47,316
Receipts:
Individual income taxes ................................................ 899 956 1,145 1,339 1,491 1,628 1,765 1,898 2,028 2,157 2,282 2,404 7,368 18,136
Corporation income taxes ............................................. 191 198 327 397 478 435 403 462 467 478 480 502 2,039 4,428
Social insurance and retirement receipts:
Social Security payroll taxes ................................ 632 559 660 732 776 820 874 919 968 1,017 1,059 1,112 3,861 8,937
Medicare payroll taxes .......................................... 180 187 202 217 236 250 267 282 297 312 325 342 1,171 2,730
Unemployment insurance ...................................... 45 52 57 64 68 71 74 70 71 72 70 73 334 690
Other retirement .................................................... 8 8 8 8 8 9 9 9 9 9 10 10 42 89
Excise taxes ................................................................... 67 74 80 87 98 103 105 109 115 125 129 134 473 1,084
Estate and gift taxes ..................................................... 19 12 13 14 23 26 28 30 33 35 38 40 103 279
Customs duties .............................................................. 25 28 31 34 36 39 40 43 45 48 51 53 181 420
Deposits of earnings, Federal Reserve System ............ 76 80 66 47 38 37 41 45 47 49 52 53 230 476
Other miscellaneous receipts ....................................... 21 19 20 20 53 69 73 75 79 84 90 96 235 659
Total receipts .......................................................... 2,163 2,174 2,609 2,959 3,305 3,487 3,679 3,942 4,159 4,386 4,584 4,820 16,038 37,928
Deficit ................................................................................ 1,293 1,597 1,090 846 770 841 938 890 891 960 1,045 1,116 4,486 9,387
Net interest ................................................................... 196 205 240 322 421 505 584 661 730 798 863 928 2,072 6,051
Primary deficit ........................................................... 1,097 1,392 850 525 349 336 354 229 160 162 182 189 2,414 3,336
SUMMARY TABLES
Table S–3. Adjusted Baseline by Category—Continued
Totals
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012– 2012–
2016 2021
On-budget deficit ........................................................... 1,370 1,653 1,168 928 859 934 1,044 995 997 1,063 1,133 1,195 4,934 10,316
Off-budget surplus (–) ................................................... –77 –56 –77 –82 –89 –93 –106 –105 –107 –103 –88 –78 –447 –928
Memorandum, budget authority for appropriated
programs:
Security .......................................................................... 856 848 864 882 901 921 941 963 985 1,008 1,032 1,056 4,510 9,554
Non-security ................................................................. 402 382 424 425 435 444 454 465 476 488 500 513 2,183 4,625
Total, appropriated funding ................................... 1,258 1,231 1,287 1,307 1,337 1,366 1,396 1,428 1,461 1,496 1,532 1,569 6,693 14,179
1
See Table S–7 for information on adjustments to the Budget Enforcement Act (BEA) baseline.
2
Outlays for TARP in 2011 and subsequent years result from obligations incurred through October 3, 2010 for the Home Affordable Modification
3
These amounts represent a placeholder for major disasters requiring Federal assistance for relief and reconstruction. Such assistance might be provided in the form of
discretionary or mandatory outlays or tax relief. These amounts are included as outlays for convenience.
175
Table S–4. Proposed Budget by Category
176
Totals
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
2012- 2012-
2016 2021
Outlays:
Security ...................................................................... 815 908 884 819 808 818 829 845 863 880 897 914 4,158 8,559
Non-security ............................................................. 491 507 456 423 412 402 408 413 426 434 449 453 2,101 4,275
Subtotal, appropriated programs ........................ 1,306 1,416 1,340 1,243 1,220 1,220 1,237 1,258 1,289 1,314 1,346 1,367 6,259 12,833
Mandatory programs:
Social Security ........................................................... 701 742 761 802 846 894 945 1,002 1,062 1,126 1,196 1,269 4,248 9,902
Medicare .................................................................... 446 488 485 528 557 582 631 650 672 732 785 840 2,783 6,462
Medicaid ..................................................................... 273 276 269 288 352 391 427 457 488 522 557 595 1,727 4,345
Troubled Asset Relief Program (TARP) 1 .................. –110 –28 13 10 5 4 2 1 * * * ......... 34 35
Other mandatory programs ...................................... 644 716 612 573 570 596 654 665 671 709 736 771 3,004 6,557
Subtotal, mandatory programs ........................... 1,954 2,194 2,140 2,199 2,331 2,467 2,659 2,774 2,892 3,090 3,273 3,475 11,797 27,302
Net interest ...................................................................... 196 207 242 321 418 494 562 627 685 741 793 844 2,037 5,726
Disaster costs 2 .................................................................. ......... 2 6 8 8 9 10 10 10 10 10 10 42 92
Total outlays .............................................................. 3,456 3,819 3,729 3,771 3,977 4,190 4,468 4,669 4,876 5,154 5,422 5,697 20,134 45,952
Receipts:
Individual income taxes ................................................... 899 956 1,141 1,344 1,508 1,648 1,786 1,923 2,056 2,187 2,315 2,439 7,427 18,346
Corporation income taxes ................................................ 191 198 329 405 440 455 467 479 479 482 495 512 2,096 4,544
Social Security payroll taxes ................................... 632 559 659 730 772 815 870 915 963 1,014 1,056 1,109 3,845 8,901
Medicare payroll taxes ............................................. 180 187 201 217 235 250 268 282 297 313 326 343 1,171 2,733
Unemployment insurance ......................................... 45 52 57 61 79 89 88 87 83 73 72 75 375 765
Other retirement ....................................................... 8 8 8 8 8 9 9 9 9 9 10 10 42 89
Excise taxes ...................................................................... 67 74 103 121 138 145 149 155 164 176 182 189 656 1,522
Estate and gift taxes ........................................................ 19 12 14 15 25 28 30 32 35 37 40 43 111 299
Customs duties ................................................................. 25 28 30 33 36 38 39 41 44 47 49 52 176 408
Deposits of earnings, Federal Reserve System ............... 76 80 66 47 38 37 41 45 47 49 52 53 230 476
Other miscellaneous receipts .......................................... 21 19 20 21 53 69 73 75 79 85 91 97 237 663
Total receipts ............................................................. 2,163 2,174 2,627 3,003 3,333 3,583 3,819 4,042 4,257 4,473 4,686 4,923 16,366 38,747
Deficit ................................................................................... 1,293 1,645 1,101 768 645 607 649 627 619 681 735 774 3,769 7,205
Net interest ...................................................................... 196 207 242 321 418 494 562 627 685 741 793 844 2,037 5,726
Primary deficit/surplus (–) ......................................... 1,097 1,438 860 447 227 112 87 –* –66 –59 –58 –70 1,732 1,479
SUMMARY TABLES
Table S–4. Proposed Budget by Category—Continued
Totals
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012- 2012-
2016 2021
On-budget deficit .............................................................. 1,370 1,703 1,177 848 730 697 753 729 723 784 823 852 4,205 8,115
Off-budget surplus (–) ...................................................... –77 –58 –76 –81 –86 –90 –104 –102 –104 –102 –87 –78 –437 –910
Memorandum, budget authority for appropriated
programs:
Security ............................................................................. 856 879 846 791 811 828 846 861 878 894 911 929 4,122 8,595
Non-security .................................................................... 402 401 397 397 397 397 406 415 427 438 454 457 1,993 4,182
Total, appropriated funding ...................................... 1,258 1,280 1,243 1,188 1,208 1,225 1,252 1,276 1,304 1,332 1,365 1,385 6,115 12,777
1
Outlays for TARP in 2011 and subsequent years result from obligations incurred through October 3, 2010 for the Home Affordable Modification Program and other TARP
programs.
2
177
Table S–5. Proposed Budget by Category as a Percent of GDP
178
(As a percent of GDP)

Averages
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012- 2012-
2016 2021
Outlays:
Security ............................................................. 5.6 6.0 5.6 4.9 4.5 4.3 4.2 4.1 4.0 3.9 3.8 3.7 4.7 4.3
Non-security .................................................... 3.4 3.4 2.9 2.5 2.3 2.1 2.1 2.0 2.0 1.9 1.9 1.8 2.4 2.2
Subtotal, appropriated programs ............... 9.0 9.4 8.5 7.4 6.9 6.5 6.2 6.1 5.9 5.8 5.7 5.6 7.1 6.5
Mandatory programs:
Social Security .................................................. 4.8 4.9 4.8 4.8 4.8 4.8 4.8 4.8 4.9 5.0 5.1 5.2 4.8 4.9
Medicare ........................................................... 3.1 3.2 3.1 3.1 3.1 3.1 3.2 3.1 3.1 3.2 3.3 3.4 3.1 3.2
Medicaid ............................................................ 1.9 1.8 1.7 1.7 2.0 2.1 2.2 2.2 2.2 2.3 2.4 2.4 1.9 2.1
Troubled Asset Relief Program (TARP) 1 ......... –0.8 –0.2 0.1 0.1 * * * * * * * ......... * *
Other mandatory programs ............................. 4.4 4.7 3.9 3.4 3.2 3.2 3.3 3.2 3.1 3.1 3.1 3.1 3.4 3.3
Subtotal, mandatory programs .................. 13.5 14.5 13.5 13.1 13.1 13.1 13.4 13.4 13.3 13.7 13.9 14.1 13.3 13.5
Net interest ............................................................. 1.4 1.4 1.5 1.9 2.3 2.6 2.8 3.0 3.2 3.3 3.4 3.4 2.3 2.7
Disaster costs 2 ......................................................... ......... * * * * * * * * * * * * *
Total outlays ..................................................... 23.8 25.3 23.6 22.5 22.4 22.3 22.6 22.5 22.5 22.8 23.0 23.1 22.7 22.7
Receipts:
Individual income taxes .......................................... 6.2 6.3 7.2 8.0 8.5 8.8 9.0 9.3 9.5 9.7 9.8 9.9 8.3 9.0
Corporation income taxes ....................................... 1.3 1.3 2.1 2.4 2.5 2.4 2.4 2.3 2.2 2.1 2.1 2.1 2.4 2.3
Social Security payroll taxes .......................... 4.4 3.7 4.2 4.4 4.3 4.3 4.4 4.4 4.4 4.5 4.5 4.5 4.3 4.4
Medicare payroll taxes .................................... 1.2 1.2 1.3 1.3 1.3 1.3 1.4 1.4 1.4 1.4 1.4 1.4 1.3 1.3
Unemployment insurance ................................ 0.3 0.3 0.4 0.4 0.4 0.5 0.4 0.4 0.4 0.3 0.3 0.3 0.4 0.4
Other retirement .............................................. 0.1 0.1 0.1 0.1 * * * * * * * * * *
Excise taxes ............................................................. 0.5 0.5 0.7 0.7 0.8 0.8 0.8 0.7 0.8 0.8 0.8 0.8 0.7 0.7
Estate and gift taxes ............................................... 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1
Customs duties ........................................................ 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Deposits of earnings, Federal Reserve System ...... 0.5 0.5 0.4 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.2
Other miscellaneous receipts ................................. 0.1 0.1 0.1 0.1 0.3 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.3 0.3
Total receipts .................................................... 14.9 14.4 16.6 17.9 18.7 19.1 19.3 19.5 19.6 19.8 19.9 20.0 18.3 19.0
Deficit .......................................................................... 8.9 10.9 7.0 4.6 3.6 3.2 3.3 3.0 2.9 3.0 3.1 3.1 4.3 3.7
Net interest ............................................................. 1.4 1.4 1.5 1.9 2.3 2.6 2.8 3.0 3.2 3.3 3.4 3.4 2.3 2.7
Primary deficit/surplus (–) ................................ 7.6 9.5 5.4 2.7 1.3 0.6 0.4 –* –0.3 –0.3 –0.2 –0.3 2.1 0.9
SUMMARY TABLES
Table S–5. Proposed Budget by Category as a Percent of GDP—Continued
(As a percent of GDP)
Averages
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012- 2012-
2016 2021
On-budget deficit ..................................................... 9.4 11.3 7.4 5.1 4.1 3.7 3.8 3.5 3.3 3.5 3.5 3.5 4.8 4.1
Off-budget surplus (–) ............................................. –0.5 –0.4 –0.5 –0.5 –0.5 –0.5 –0.5 –0.5 –0.5 –0.5 –0.4 –0.3 –0.5 –0.5
Memorandum, budget authority for
appropriated programs:
Security .................................................................... 5.9 5.8 5.3 4.7 4.6 4.4 4.3 4.1 4.0 4.0 3.9 3.8 4.7 4.3
Non-security ........................................................... 2.8 2.7 2.5 2.4 2.2 2.1 2.1 2.0 2.0 1.9 1.9 1.9 2.3 2.1
Subtotal, appropriated programs .................... 8.7 8.5 7.9 7.1 6.8 6.5 6.3 6.1 6.0 5.9 5.8 5.6 6.9 6.4
*0.05 percent of GDP or less.
1
programs.
2
179
Table S–6. Proposed Budget in Population- and Inflation-Adjusted Dollars
180
(In billions of constant dollars, adjusted for population growth)
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Outlays:
Security ............................................................................................................... 884 796 763 749 737 729 722 715 707 699
Non-security ...................................................................................................... 456 411 389 368 363 356 356 352 353 346
Subtotal, appropriated programs ................................................................. 1,340 1,207 1,152 1,117 1,100 1,085 1,079 1,067 1,060 1,045
Mandatory programs:
Social Security .................................................................................................... 761 779 799 819 841 864 889 914 942 970
Medicare ............................................................................................................. 485 513 526 533 561 561 563 594 618 642
Medicaid .............................................................................................................. 269 280 332 358 380 394 408 424 439 455
Troubled Asset Relief Program (TARP) 1 ........................................................... 13 9 5 4 2 1 * * * .........
Other mandatory programs ............................................................................... 612 556 538 546 582 574 561 576 579 590
Subtotal, mandatory programs .................................................................... 2,140 2,137 2,200 2,260 2,365 2,393 2,421 2,508 2,578 2,656
Net interest ................................................................................................................ 242 312 394 453 500 541 573 601 624 645
Disaster costs 2 ............................................................................................................ 6 8 8 8 8 9 8 8 8 8
Total outlays ....................................................................................................... 3,729 3,664 3,754 3,839 3,974 4,027 4,081 4,185 4,271 4,354
Receipts:
Individual income taxes ............................................................................................. 1,141 1,306 1,424 1,510 1,588 1,658 1,720 1,776 1,823 1,865
Corporation income taxes .......................................................................................... 329 394 415 417 415 413 401 392 390 392
Social Security payroll taxes ............................................................................ 659 709 728 747 774 789 806 823 832 847
Medicare payroll taxes ...................................................................................... 201 211 222 229 238 243 249 254 257 262
Unemployment insurance .................................................................................. 57 59 75 82 78 75 70 59 56 58
Other retirement ................................................................................................ 8 8 8 8 8 8 8 8 8 8
Excise taxes ................................................................................................................ 103 118 130 133 132 134 137 143 143 145
Estate and gift taxes .................................................................................................. 14 14 24 25 27 28 29 30 32 33
Customs duties ........................................................................................................... 30 32 34 35 35 36 37 38 39 39
Deposits of earnings, Federal Reserve System ......................................................... 66 46 36 34 36 38 40 40 41 41
Other miscellaneous receipts .................................................................................... 20 20 50 63 65 65 66 69 71 74
Total receipts ...................................................................................................... 2,627 2,918 3,146 3,283 3,397 3,486 3,563 3,632 3,692 3,763
Deficit ............................................................................................................................ 1,101 746 608 556 577 541 518 553 579 591
Net interest ................................................................................................................ 242 312 394 453 500 541 573 601 624 645
Primary deficit/surplus (–) ................................................................................... 860 434 214 103 77 –* –55 –48 –45 –54
SUMMARY TABLES
Table S–6. Proposed Budget in Population- and Inflation-Adjusted Dollars—Continued
(In billions of constant dollars, adjusted for population growth)
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
On-budget deficit ........................................................................................................ 1,177 824 689 639 669 629 605 636 648 651
Off-budget surplus (–) ................................................................................................ –76 –78 –81 –83 –93 –88 –87 –83 –69 –60
Memorandum, budget authority for appropriated programs:
Security ....................................................................................................................... 846 769 766 759 752 743 735 726 718 710
Non-security .............................................................................................................. 397 385 374 363 361 358 357 355 357 349
Subtotal, appropriated programs ...................................................................... 1,243 1,154 1,140 1,122 1,113 1,101 1,092 1,081 1,075 1,059
Memorandum, index of population growth and inflation ................................ 1.00 1.03 1.06 1.09 1.12 1.16 1.19 1.23 1.27 1.31
*$500 million or less.
1
programs.
2
181
Table S–7. Bridge From Budget Enforcement Act
182
Baseline to Adjusted Baseline

Totals
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012– 2012–
2016 2021
BEA baseline deficit ................................................... 1,293 1,593 1,036 643 463 496 552 460 417 438 472 488 3,189 5,465
Adjustments to baseline:
Index to inflation the 2011 parameters of the AMT .... ......... ......... 33 106 106 124 142 162 183 206 230 256 512 1,550
Continue the 2001 and 2003 tax cuts for middle-
income taxpayers .................................................. ......... ......... 1 69 142 144 146 148 149 150 151 152 501 1,250
Extend estate, gift, and generation-skipping
transfer taxes at 2009 parameters ....................... ......... 1 2 5 24 26 29 32 35 37 39 42 86 270
Reflect incremental cost of funding existing Pell
maximum grant award ......................................... ......... ......... 12 12 12 12 12 12 12 12 12 12 58 118
Subtotal ............................................................... ......... 1 48 192 284 306 329 354 378 405 432 461 1,159 3,189
Adjustment to reflect costs of possible

emergencies1 ........................................................... ......... 2 6 8 8 9 10 10 10 10 10 10 42 92
Reclassify surface transportation outlays:
Remove outlays from appropriated category ........... –41 –47 –54 –51 –60 –61 –62 –64 –67 –68 –70 –70 –287 –627
Add outlays to mandatory category ......................... 41 47 54 51 60 61 62 64 67 68 70 70 287 627
Subtotal ............................................................... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Total program adjustments ...................................... ......... 4 54 200 292 315 339 364 388 415 442 471 1,200 3,280
Debt service on adjustments .................................... ......... * * 4 15 30 47 66 85 107 131 157 97 642
Total adjustments ............................................... ......... 4 54 204 307 345 386 429 474 522 573 628 1,297 3,923
Adjusted baseline deficit .......................................... 1,293 1,597 1,090 846 770 841 938 890 891 960 1,045 1,116 4,486 9,387
1
SUMMARY TABLES
Table S–8. Mandatory and Receipt Proposals
(Deficit increases (+) or decreases (–) in millions of dollars)
Totals
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
2012– 2012–
2016 2021
Tax Provisions:
Tax Cuts for Families and Individuals:
Extend earned income tax credit for larger
families1 ........................................................ ......... ......... 81 1,422 1,442 1,469 1,509 1,544 1,579 1,610 1,657 4,414 12,313
Expand child and dependent care tax credit1 ... ......... 283 1,043 1,045 1,042 1,039 1,035 1,036 1,033 1,028 1,021 4,452 9,605
Provide for automatic enrollment in IRAs,
including employer tax credit, and double
the tax credit for small employer plan
startup costs1 ................................................ ......... ......... 638 1,043 1,100 1,240 1,448 1,704 2,015 2,381 2,809 4,021 14,378
Extend American opportunity tax credit1 ....... ......... ......... 650 10,772 10,832 11,552 11,533 11,364 12,111 12,117 12,665 33,806 93,596
Provide exclusion from income for student
loan forgiveness ........................................... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Tax qualified dividends and net long-term
capital gains at a 20-percent rate for

upper-income taxpayers .............................. ......... 7,868 9,582 5,405 9,416 12,964 14,688 15,119 15,586 16,158 16,885 45,235 123,671
Total, tax cuts for families and
individuals .............................................. ......... 8,151 11,994 19,687 23,832 28,264 30,213 30,767 32,324 33,294 35,037 91,928 253,563
Tax Cuts for Businesses:
Eliminate capital gains taxation on
investments in small business stock........... ......... ......... ......... ......... ......... ......... 183 566 1,055 1,587 2,026 ......... 5,417
Enhance and make permanent the research
and experimentation tax credit ................... ......... 4,610 8,063 8,884 9,708 10,520 11,318 12,103 12,887 13,686 14,499 41,785 106,278
Provide additional tax credits for investment
in qualified property used in a qualified
advanced energy manufacturing project .... ......... 284 731 1,089 1,138 578 120 –73 –115 –64 –27 3,820 3,661
Provide tax credit for energy efficient
commercial building property expenditures
in place of existing tax deduction................ ......... 450 425 100 25 25 ......... ......... ......... ......... ......... 1,025 1,025
Total, tax cuts for businesses ..................... ......... 5,344 9,219 10,073 10,871 11,123 11,621 12,596 13,827 15,209 16,498 46,630 116,381
Incentives to promote regional growth:
Extend and modify the New Markets tax
credit ............................................................. 41 62 116 183 234 263 272 264 243 170 63 858 1,870
Reform and extend Build America bonds1 ...... 1 2 2 2 4 3 3 3 3 3 3 13 28
Reform and expand the Low-Income Housing
Tax Credit (LIHTC) ..................................... 1 5 16 32 52 71 94 116 139 162 185 176 872
Designate Growth Zones1 ................................ ......... 279 863 860 839 815 186 –383 –374 –329 –273 3,656 2,483
Total, incentives to promote regional
growth ..................................................... 43 348 997 1,077 1,129 1,152 555 ......... 11 6 –22 4,703 5,253
Continue certain expiring provisions

through calendar year 20121 ....................... 866 9,959 10,459 734 372 158 61 95 122 169 192 21,682 22,321
183
Table S–8. Mandatory and Receipt Proposals—Continued
184

Totals
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012– 2012–
2016 2021
Pay for Three Years of AMT Relief:

Reduce the value of certain tax expenditures..... ......... –6,008 –18,996 –26,418 –29,766 –32,696 –35,699 –38,644 –41,496 –44,388 –47,180 –113,884 –321,291
Other Revenue Changes and Loophole
Closers:
Reform treatment of financial institutions
and products:
Impose a financial crisis responsibility
fee ............................................................ ......... ......... –1,000 –3,000 –3,000 –3,000 –4,000 –4,000 –4,000 –4,000 –4,000 –10,000 –30,000
Require accrual of income on forward sale
of corporate stock .................................... –1 –6 –12 –19 –26 –33 –36 –38 –40 –42 –44 –96 –296
Require ordinary treatment of income
from day-to-day dealer activities for
certain dealers of equity options and
commodities ............................................ –35 –144 –226 –240 –254 –270 –286 –303 –321 –341 –361 –1,134 –2,746
Modify the definition of “control” for
purposes of section 249 of the Internal
Revenue Code ......................................... ......... –9 –15 –16 –17 –17 –18 –19 –20 –21 –22 –74 –174
Total, reform treatment of financial
institutions and products.................. –36 –159 –1,253 –3,275 –3,297 –3,320 –4,340 –4,360 –4,381 –4,404 –4,427 –11,304 –33,216
Reinstate Superfund taxes .............................. ......... –1,374 –1,926 –2,038 –2,093 –2,144 –2,185 –2,212 –2,246 –2,272 –2,329 –9,575 –20,819
Increase Oil Spill Liability Trust Fund
financing rate by one cent ........................... ......... –35 –46 –46 –46 –46 –46 –46 –47 –46 –47 –219 –451
Make unemployment insurance surtax
permanent .................................................... ......... –1,375 –1,413 –1,449 –1,477 –1,503 –1,526 –1,543 –1,558 –1,577 –1,594 –7,217 –15,015
Repeal LIFO method of accounting for
inventories .................................................... ......... ......... –2,598 –5,649 –6,484 –6,457 –6,435 –6,387 –6,337 –6,293 –6,240 –21,188 –52,880
Repeal gain limitation for dividends received
in reorganization exchanges........................ ......... –47 –79 –81 –84 –86 –89 –92 –94 –97 –100 –377 –849
Reform U.S. international tax system:
Defer deduction of interest expense
related to deferred income ..................... ......... –2,986 –5,138 –5,396 –5,636 –5,861 –6,080 –3,114 –1,103 –1,149 –1,202 –25,017 –37,665
Determine the foreign tax credit on a
pooling basis ........................................... ......... –2,655 –4,568 –4,798 –5,011 –5,211 –5,406 –5,601 –5,810 –6,051 –6,333 –22,243 –51,444
Tax currently excess returns associated
with transfers of intangibles offshore ... ......... –1,204 –2,038 –2,114 –2,212 –2,280 –2,290 –2,231 –2,158 –2,138 –2,166 –9,848 –20,831
Limit shifting of income through
intangible property transfers................. ......... –29 –63 –90 –118 –148 –178 –209 –242 –276 –315 –448 –1,668
SUMMARY TABLES
Totals
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012– 2012–
2016 2021
Disallow the deduction for excess non-
taxed reinsurance premiums paid to
affiliates .................................................. ......... –129 –223 –237 –250 –264 –277 –289 –302 –315 –328 –1,103 –2,614
Limit earnings stripping by expatriated
entities .................................................... ......... –212 –364 –382 –401 –421 –442 –464 –487 –512 –537 –1,780 –4,222
Modify tax rules for dual capacity
taxpayers................................................. ......... –532 –918 –974 –1,031 –1,085 –1,138 –1,190 –1,242 –1,296 –1,352 –4,540 –10,758
Total, reform U.S. international tax
system ................................................ ......... –7,747 –13,312 –13,991 –14,659 –15,270 –15,811 –13,098 –11,344 –11,737 –12,233 –64,979 –129,202
Reform treatment of insurance companies
and products:
Modify rules that apply to sales of life
insurance contracts ................................ ......... –8 –42 –82 –97 –115 –134 –154 –177 –203 –231 –344 –1,243
Modify dividends-received deduction

for life insurance company separate
accounts .................................................. ......... –172 –465 –547 –579 –605 –607 –585 –555 –528 –503 –2,368 –5,146
Expand pro-rata interest expense
disallowance for corporate-owned life
insurance (COLI) .................................... ......... –21 –71 –181 –273 –433 –652 –900 –1,280 –1,714 –2,166 –979 –7,691
Total, reform treatment of insurance
companies and products ................... ......... –201 –578 –810 –949 –1,153 –1,393 –1,639 –2,012 –2,445 –2,900 –3,691 –14,080
Eliminate fossil fuel tax preferences:
Eliminate coal preferences:
Repeal expensing of exploration and
development costs ............................. ......... –27 –45 –47 –49 –51 –50 –48 –47 –45 –38 –219 –447
Repeal percentage depletion for hard
mineral fossil fuels ............................ ......... –78 –129 –129 –130 –135 –139 –145 –149 –154 –165 –601 –1,353
Repeal capital gains treatment for
royalties ............................................. –6 –11 –13 –22 –31 –38 –43 –47 –51 –55 –58 –115 –369
Repeal domestic manufacturing
deduction for coal and other hard
mineral fossil fuels ............................ ......... –20 –35 –38 –39 –41 –44 –45 –48 –49 –51 –173 –410
Total, eliminate coal preferences ...... –6 –136 –222 –236 –249 –265 –276 –285 –295 –303 –312 –1,108 –2,579
Eliminate oil and gas preferences:
Repeal enhanced oil recovery credit..... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Repeal credit for oil and gas produced
from marginal wells .......................... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Repeal expensing of intangible drilling
costs ................................................... ......... –1,875 –2,512 –1,762 –1,403 –1,331 –1,124 –830 –640 –523 –447 –8,883 –12,447
Repeal deduction for tertiary injectants.... ......... –6 –10 –10 –10 –10 –10 –9 –9 –9 –9 –46 –92
Repeal exception to passive loss
limitations for working interests in
185
oil and natural gas properties .......... ......... –23 –27 –24 –22 –21 –19 –18 –17 –16 –16 –117 –203
186

Totals
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012– 2012–
2016 2021
Repeal percentage depletion for oil and
natural gas wells ............................... ......... –607 –1,038 –1,079 –1,111 –1,142 –1,177 –1,211 –1,243 –1,273 –1,321 –4,977 –11,202
Repeal domestic manufacturing
deduction for oil and natural gas
companies .......................................... ......... –902 –1,558 –1,653 –1,749 –1,842 –1,932 –2,020 –2,108 –2,200 –2,296 –7,704 –18,260
Increase geological and geophysical
amortization period for independent
producers to seven years................... ......... –59 –215 –330 –306 –230 –152 –75 –22 –9 –10 –1,140 –1,408
Total, eliminate oil and gas
preferences ..................................... ......... –3,472 –5,360 –4,858 –4,601 –4,576 –4,414 –4,163 –4,039 –4,030 –4,099 –22,867 –43,612
Total, eliminate fossil fuel tax
preferences .............................................. –6 –3,608 –5,582 –5,094 –4,850 –4,841 –4,690 –4,448 –4,334 –4,333 –4,411 –23,975 –46,191
Tax carried (profits) interests as ordinary
income........................................................... –318 –2,274 –2,123 –2,154 –1,927 –1,608 –1,322 –1,089 –908 –762 –640 –10,086 –14,807
Deny deduction for punitive damages ............ ......... ......... –23 –34 –35 –35 –36 –36 –37 –37 –39 –127 –312
Repeal lower-of-cost-or-market inventory
accounting method ....................................... ......... ......... –188 –1,435 –2,334 –1,532 –1,358 –309 –323 –337 –352 –5,489 –8,168
Simplify the tax code ....................................... –16 –7 –35 12 23 –141 –147 281 176 107 138 –148 407
Reduce the tax gap and make reforms:
Expand information reporting:
Repeal and modify information
reporting on payments to
corporations and payments for
property ............................................. ......... 475 618 756 929 961 1,000 1,047 1,096 1,147 1,180 3,739 9,209
Require information reporting for
private separate accounts of life
insurance companies ......................... ......... ......... –1 –2 –3 –3 –4 –5 –6 –7 –8 –9 –39
Require a certified Taxpayer
Identification Number from
contractors and allow certain
withholding........................................ –21 –48 –81 –110 –115 –121 –126 –132 –138 –144 –150 –475 –1,165
Total, expand information reporting. –21 427 536 644 811 837 870 910 952 996 1,022 3,255 8,005
Improve compliance by businesses:
Require greater electronic filing of returns ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Authorize the Department of the
Treasury to require additional
information to be included in
electronically filed Form 5500
Annual Reports ................................. ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Implement standards clarifying when
employee leasing companies can be
held liable for their clients’ Federal
employment taxes ............................. ......... –4 –5 –6 –6 –6 –7 –7 –7 –8 –8 –27 –64
SUMMARY TABLES
Totals
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012– 2012–
2016 2021
Increase certainty with respect to
worker classification ......................... ......... –12 –230 –1,237 –956 –819 –904 –994 –1,088 –1,186 –1,284 –3,254 –8,710
Repeal special estimated tax payment
provision for certain insurance
companies .......................................... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Eliminate special rules modifying the
amount of estimated tax payments
by corporations .................................. ......... ......... ......... 53,610 –4,320 –49,290 ......... ......... 5,630 –5,630 ......... ......... .........
Total, improve compliance by
businesses ...................................... ......... –16 –235 52,367 –5,282 –50,115 –911 –1,001 4,535 –6,824 –1,292 –3,281 –8,774
Strengthen tax administration ....................... ......... –13 –18 –20 –25 –28 –30 –30 –32 –33 –34 –104 –263
Expand penalties:
Impose a penalty on failure to comply
with electronic filing requirements ....... ......... ......... ......... ......... ......... –1 –1 –1 –2 –2 –2 –1 –9
Increase penalty imposed on paid
preparers who fail to comply with EITC
due diligence requirements .................... ......... –13 –27 –31 –32 –34 –35 –35 –36 –37 –38 –137 –318
Total, expand penalties ......................... ......... –13 –27 –31 –32 –35 –36 –36 –38 –39 –40 –138 –327
Modify estate and gift tax valuation discounts
and make other reforms:
Make permanent the portability of unused
exemption between spouses ..................... ......... ......... ......... 107 217 321 421 516 609 699 791 645 3,681
Require consistency in value for transfer
and income tax purposes ........................ ......... –127 –171 –182 –192 –204 –216 –229 –243 –258 –273 –876 –2,095
Modify rules on valuation discounts.......... ......... –806 –860 –1,558 –1,687 –1,823 –1,966 –2,116 –2,277 –2,444 –2,629 –6,734 –18,166
Require a minimum term for grantor
retained annuity trusts (GRATs)........... ......... –15 –46 –93 –160 –231 –308 –389 –477 –570 –670 –545 –2,959
Limit Duration of Generation Skipping
Transfer (GST) Tax Exemption ............. ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Total, modify estate and gift tax
valuation discounts and make other
reforms ............................................... ......... –948 –1,077 –1,726 –1,822 –1,937 –2,069 –2,218 –2,388 –2,573 –2,781 –7,510 –19,539
Total, reduce the tax gap and make
reforms ....................................................... –21 –563 –821 51,234 –6,350 –51,278 –2,176 –2,375 3,029 –8,473 –3,125 –7,778 –20,898
Total, other revenue changes and loophole
closers ........................................................... –397 –17,390 –29,977 15,190 –44,562 –89,414 –41,554 –37,353 –30,416 –42,706 –38,299 –166,153 –356,481
Trade Initiatives:
Promote trade ........................................................ ......... 167 371 514 636 755 837 910 982 1,053 1,127 2,443 7,352
Other Initiatives:
Authorize the limited sharing of business tax
return information to improve the accuracy of
important economic measures ......................... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
187
188

Totals
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012– 2012–
2016 2021
Eliminate certain reviews conducted by the
U.S. Treasury Inspector General for Tax
Administration (TIGTA) ................................... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Modify indexing to prevent deflationary
adjustments ....................................................... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Total, other initiatives ..................................... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Reauthorize Surface Transportation:
Transportation Trust Fund:
Outlays ................................................................... ......... 6,726 19,053 16,230 17,980 21,965 27,117 30,412 31,731 32,207 32,077 109,071 235,498
Bipartisan financing for Transportation Trust
Fund ................................................................... ......... –20,000 –28,000 –29,000 –31,000 –32,000 –34,000 –36,000 –38,000 –39,000 –41,000 –140,000 –328,000
Subtotal, transportation trust fund ................ ......... –13,274 –8,947 –12,770 –13,020 –10,035 –6,883 –5,588 –6,269 –6,793 –8,923 –58,046 –92,502
Upfront investment in aviation .................................... ......... 596 2,146 608 ......... ......... ......... ......... ......... ......... ......... 3,350 3,350
Upfront investment in TIGER grants .......................... ......... 20 420 680 400 200 140 100 40 ......... ......... 1,860 2,000
Total, reauthorize surface transportation ......... ......... –12,658 –6,381 –11,482 –12,620 –9,835 –6,743 –5,488 –6,229 –6,793 –8,923 –52,976 –87,152
Mandatory Initiatives and Savings:
Agriculture:
Change company reimbursement on crop
insurance CAT premium ................................... ......... –161 –166 –176 –179 –180 –181 –183 –184 –185 –187 –862 –1,782
Eliminate cotton and peanut storage payments ........ ......... –1 ......... ......... ......... ......... ......... ......... ......... ......... ......... –1 –1
Enact Animal Plant and Health Inspection
Service (APHIS) fees ......................................... ......... –20 –27 –27 –28 –29 –30 –31 –32 –33 –34 –131 –291
Enact Food Safety and Inspection Service (FSIS)
performance fee ................................................. ......... –11 –12 –12 –12 –13 –13 –13 –13 –13 –13 –60 –125
Enact Grain Inspection, Packers, and Stockyards
Administration (GIPSA) fees ............................ ......... –27 –29 –30 –31 –31 –31 –32 –32 –32 –33 –148 –308
Enact Natural Resources Conservation Service
(NRCS) fee ......................................................... ......... –22 –22 –22 –22 –22 –22 –22 –22 –22 –22 –110 –220
Enact Forest Service payment to communities—
impact on timber receipts ................................. ......... ......... –48 –49 –49 –50 –52 ......... ......... ......... ......... –196 –248
Suspend SNAP time limits for able-bodied
working-age adults without dependents .......... ......... 90 51 1 ......... ......... ......... ......... ......... ......... ......... 142 142
Restore SNAP beneficiary payments terminated
in P.L. 111–296 .................................................. ......... ......... ......... 3,239 56 ......... ......... ......... ......... ......... ......... 3,295 3,295
Reduce commodity payments to wealthy farmers....... ......... ......... –228 –261 –312 –315 –265 –278 –285 –284 –283 –1,116 –2,511
Impose biobased labeling fee ................................ ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Total, Agriculture ............................................. ......... –152 –481 2,663 –577 –640 –594 –559 –568 –569 –572 813 –2,049
SUMMARY TABLES
Totals
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012– 2012–
2016 2021
Defense:
Shift future Uniformed Services Family Health
Plan enrollees into TRICARE-for-Life/
Medicare:
Effect on Medicare Eligible Retiree Health
Care Fund .................................................... ......... –1 –4 –12 –24 –43 –68 –99 –137 –183 –238 –84 –809
Effect on accrual payments (non-PAYGO) ........ ......... ......... 759 805 850 889 945 1,004 1,067 1,134 1,205 3,303 8,658
Subtotal, shift future Uniformed Services
Family Health Plan enrollees into
TRICARE-For-Life/Medicare ................. ......... –1 755 793 826 846 877 905 930 951 967 3,219 7,849
Provide additional accrual payments to the
Medicare Eligible Retiree Health Care Fund
(non-PAYGO) ..................................................... ......... –117 ......... ......... ......... ......... ......... ......... ......... ......... ......... –117 –117
Total, Defense ............................................. ......... –1 755 793 826 846 877 905 930 951 967 3,219 7,849
Education:
Pell Grant Protection Act:
Provide mandatory appropriation to sustain
recent Pell Grant increases ......................... ......... 2,069 6,277 2,995 3,389 3,775 4,200 4,628 5,056 5,489 5,986 18,505 43,864
Eliminate in-school interest subsidies for
graduate and professional students............ ......... –984 –3,200 –3,039 –3,019 –3,022 –3,041 –3,110 –3,211 –3,312 –3,343 –13,264 –29,281
Provide current borrowers incentive to
convert from guaranteed loans to direct
loans to simplify loan servicing ................... ......... –2,136 –20 –16 –10 –10 –10 –11 –11 –13 –7 –2,192 –2,244
Eliminate year-round Pell Grants and
simplify student aid application ................. –60 –535 –604 –711 –840 –995 –1,157 –1,295 –1,335 –1,372 –1,399 –3,685 –10,243
Reform and expand Perkins loan program ..... ......... –578 –1,564 –1,155 –896 –705 –547 –504 –494 –473 –448 –4,898 –7,364
Overhaul TEACH Grants and replace with
Presidential Teaching Fellows..................... ......... 2 102 150 156 150 138 1 –54 –67 –70 560 508
Establish College Completion Incentive
Grants ........................................................... ......... 2 42 220 288 300 291 93 15 ......... ......... 852 1,251
Accelerate the recall of the Perkins Loan
revolving fund .............................................. ......... –384 –618 –727 –764 –113 –197 –25 94 202 342 –2,606 –2,190
Total, Education.......................................... –60 –2,544 415 –2,283 –1,696 –620 –323 –223 60 454 1,061 –6,728 –5,699
Energy:
Repeal ultra-deepwater oil and gas research and
development program ....................................... ......... –20 –40 –50 –30 –10 ......... ......... ......... ......... ......... –150 –150
Provide HomeStar rebates for energy efficient
home retrofits .................................................... 300 1,800 2,100 1,020 600 180 ......... ......... ......... ......... ......... 5,700 5,700
Total, Energy .................................................... 300 1,780 2,060 970 570 170 ......... ......... ......... ......... ......... 5,550 5,550
189
190

Totals
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012– 2012–
2016 2021
Health and Human Services:
Provide physicians relief from sustainable
growth rate formula (SGR) and offset costs:
Provide SGR relief through 2013 .................... ......... 18,602 28,593 7,210 ......... ......... ......... ......... ......... ......... ......... 54,405 54,405
Offset cost of providing SGR relief through
2013 with specific health savings3 .............. ......... –1,571 –2,175 –2,676 –4,759 –6,056 –6,846 –7,037 –7,275 –9,674 –14,164 –17,237 –62,233
Provide SGR relief from 2014 onward ............ ......... ......... ......... 23,207 32,072 34,692 36,730 39,856 44,760 49,909 54,222 89,971 315,448
Offset cost of providing SGR relief from 2014
onward .......................................................... ......... ......... ......... –23,207 –32,072 –34,692 –36,730 –39,856 –44,760 –49,909 –54,222 –89,971 –315,448
Shift future Uniformed Services Family Health
Plan enrollees into TRICARE-for-LIFE/
Medicare:
Effect on Medicare ........................................... ......... ......... ......... ......... 20 30 50 70 90 120 150 50 530
Reform child welfare assistance to improve
permanency and safety ..................................... ......... 220 245 249 250 250 250 250 250 250 250 1,214 2,464
Strengthen and expand child care assistance ..... ......... 381 632 730 749 750 750 750 750 750 750 3,242 6,992
Extend TANF supplemental grants ..................... 22 342 64 ......... ......... ......... ......... ......... ......... ......... ......... 406 406
Modernize child support program ........................ ......... 244 310 251 269 303 356 362 252 226 226 1,377 2,799
Extend the child welfare study ............................. ......... 2 4 ......... ......... ......... ......... ......... ......... ......... ......... 6 6
Extend Transitional Medical Assistance (TMA) .. ......... 240 415 10 ......... ......... ......... ......... ......... ......... ......... 665 665
Extend Qualified Individuals (QI) ........................ ......... 495 ......... ......... ......... ......... ......... ......... ......... ......... ......... 495 495
Total, Health and Human Services ................. 22 18,955 28,088 5,774 –3,471 –4,723 –5,440 –5,605 –5,933 –8,328 –12,788 44,623 6,529
Housing and Urban Development:
Provide funding for the Affordable Housing
Trust Fund......................................................... ......... 10 140 290 230 190 100 20 20 ......... ......... 860 1,000
Interior:
Impose fee on nonproducing oil and gas leases .......... ......... –25 –39 –59 –75 –90 –98 –109 –116 –125 –138 –288 –874
Reserve funds for insular affairs assistance ........ ......... 25 24 24 24 22 16 15 14 12 11 119 187
Return to net receipts sharing for energy
minerals ............................................................. ......... ......... –44 –45 –47 –47 –48 –50 –53 –52 –55 –183 –441
Reform coal and hardrock Abandoned Mine
Lands (AML) programs2.................................... ......... –138 –386 –330 –204 –129 –81 –128 –145 –100 –89 –1,187 –1,730
Impose hardrock mining royalty .......................... ......... ......... –7 –5 –6 –6 –7 –10 –15 –19 –25 –24 –100
Repeal Energy Policy Act fee prohibition and
mandatory permit funds ................................... ......... ......... –20 –19 –18 ......... ......... ......... ......... ......... ......... –57 –57
Increase Duck Stamp fees2 ................................... ......... –4 ......... ......... ......... ......... ......... ......... ......... ......... ......... –4 –4
SUMMARY TABLES
Totals
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012– 2012–
2016 2021
Reathorize Federal Land Sales/Acquisition Law
(FLTFA).............................................................. ......... –3 –5 –8 –10 –4 ......... ......... ......... ......... ......... –30 –30
Repeal Geothermal Payments to Counties under
2005 Energy Policy Act ..................................... ......... –7 –7 –7 –7 –7 –7 –8 –8 –8 –8 –35 –74
Repeal “deep gas” royalty incentives .................... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Total, Interior ................................................... ......... –152 –484 –449 –343 –261 –225 –290 –323 –292 –304 –1,689 –3,123
Justice:
Provide incentives for State medical malpractice
reform................................................................. ......... 100 50 50 50 ......... ......... ......... ......... ......... ......... 250 250
Labor:
Give States and employers short-term
relief from interest and tax increases and
strengthen unemployment insurance system
solvency2 ............................................................ 1,220 3,544 4,051 –7,477 –12,863 –10,544 –11,813 –8,555 34 263 –167 –23,289 –43,527
Reform Federal Employees’ Compensation Act
(FECA) ............................................................... ......... –10 –13 –5 –7 –17 –26 –36 –46 –56 –67 –52 –283
Reauthorize Trade Adjustment Assistance .......... 124 415 713 893 825 746 708 696 710 736 778 3,592 7,220
Protect pension benefits by empowering the
PBGC Board to improve solvency .................... ......... ......... ......... –1,121 –2,523 –2,286 –2,141 –2,046 –1,987 –1,966 –2,001 –5,930 –16,071
Expand Foreign Labor Certification Fees ............ ......... –44 ......... ......... ......... ......... ......... ......... ......... ......... ......... –44 –44
Expand work-sharing program2 ........................... ......... 36 17 –5 61 90 89 88 88 88 89 199 641
Enhance unemployment insurance program
integrity2,4 .......................................................... ......... ......... –142 –261 –222 438 –316 195 219 –137 –330 –187 –556
Total, Labor ...................................................... 1,344 3,941 4,626 –7,976 –14,729 –11,573 –13,499 –9,658 –982 –1,072 –1,698 –25,711 –52,620
Treasury:
Levy payments to Medicare providers with
delinquent tax debt2 .......................................... –17 –64 –68 –71 –74 –76 –76 –78 –80 –80 –81 –353 –748
Offset Federal tax refunds to collect State
income taxes from debtors who currently
reside in other States ........................................ ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Levy payments to Federal contractors with
delinquent tax debt2 .......................................... –5 –59 –61 –64 –67 –69 –73 –76 –80 –83 –87 –320 –719
Restructure assistance to New York City2 ........... ......... 200 200 200 200 200 200 200 200 200 200 1,000 2,000
Total, Treasury ................................................. –22 77 71 65 59 55 51 46 40 37 32 327 533
Veterans Affairs:
Extend veterans income verification .................... ......... 26 –7 –13 –20 –27 ......... ......... ......... ......... ......... –41 –41
Extend VBA authority for use of HHS data......... ......... 4 2 1 ......... –1 –2 –3 –4 –5 –5 6 –13
Reform criteria for special monthly pension........ ......... –6 –10 –13 –16 –20 –23 –27 –30 –34 –37 –65 –216
Provide authority for vendee loan pooling ........... ......... –86 –93 1 ......... ......... ......... ......... ......... ......... ......... –178 –178
Expand eligibility for Vocational Rehabilitation
and Employment on-the-job training program4 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
191
192

Totals
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012– 2012–
2016 2021
Allow occupancy by a dependent child to satisfy
VA home loans occupancy requirement ........... ......... ......... 1 1 1 1 1 1 1 1 1 4 9
Total, Veterans Affairs ..................................... ......... –62 –107 –23 –35 –47 –24 –29 –33 –38 –41 –274 –439
Corps of Engineers:
Reform inland waterways funding2 ...................... ......... ......... –196 –163 –135 –72 –72 –71 –69 –70 –69 –566 –917
Environmental Protection Agency:
Enact pesticide registration and premanufacture
notice fees .......................................................... ......... –49 –81 –88 –95 –97 –101 –104 –107 –110 –114 –410 –946
Establish fees for use of hazardous waste
electronic manifest system ............................... ......... ......... ......... –6 –4 –3 –3 –3 –3 –3 –3 –13 –28
Total, Environmental Protection Agency ........ ......... –49 –81 –94 –99 –100 –104 –107 –110 –113 –117 –423 –974
Social Security Administration:
Require workers’ compensation information
reporting4 ........................................................... ......... 5 5 ......... ......... ......... ......... ......... ......... ......... ......... 10 10
Temporarily extend SSI benefits for refugees ..... ......... 86 92 ......... ......... ......... ......... ......... ......... ......... ......... 178 178
Require States and localities to provide pension
information4 ....................................................... ......... 13 20 18 –202 –439 –574 –609 –555 –522 –479 –590 –3,329
Revert to quarterly wage reporting4..................... ......... 20 30 100 ......... ......... ......... ......... ......... ......... ......... 150 150
Enact DI Work Incentives Simplification Pilot
(non-PAYGO) ..................................................... ......... 5 10 15 22 25 13 ......... ......... ......... ......... 77 90
Total, Social Security Administration ............. ......... 129 157 133 –180 –414 –561 –609 –555 –522 –479 –175 –2,901
Other Independent Agencies:
Provide financial relief to the U.S. Postal Service ...... 2,271 279 249 321 299 280 229 229 229 229 229 1,428 2,573
Federal Communications Commission (FCC):
Enact spectrum license user fee ...................... –50 –200 –300 –425 –550 –550 –550 –550 –550 –550 –550 –2,025 –4,775
Provide no new funding for the
Telecommunications Development Fund ... –3 –7 –7 –7 –7 –7 –7 –7 –7 –7 –7 –35 –70
Subtotal, Federal Communications
Commission (FCC).................................. –53 –207 –307 –432 –557 –557 –557 –557 –557 –557 –557 –2,060 –4,845
Total, other independent agencies .................. 2,218 72 –58 –111 –258 –277 –328 –328 –328 –328 –328 –632 –2,272
Multi-Agency:
Enact Wireless Innovation and Infrastructure
Initiative (WI3):
Enact incentive auction authority and other
spectrum reforms ......................................... ......... –1,900 –6,020 –8,240 –6,430 –2,460 –400 –1,300 –1,050 ......... ......... –25,050 –27,800
Build a Public Safety Broadband Network .... ......... 1,400 1,400 1,400 1,400 1,400 ......... ......... ......... ......... ......... 7,000 7,000
Reserve the D Block for public safety use ...... ......... 3,150 ......... ......... ......... ......... ......... ......... ......... ......... ......... 3,150 3,150
SUMMARY TABLES
Totals
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012– 2012–
2016 2021
Extend wireless broadband through the
National Wireless Initiative and support
Universal Service Fund reform ................... ......... 2,500 1,250 1,250 ......... ......... ......... ......... ......... ......... ......... 5,000 5,000
Create a Wireless Innovation Fund ................ ......... 409 587 681 627 539 123 34 ......... ......... ......... 2,843 3,000
Total, enact Wireless Innovation and
Infrastructure Initiative (WI3) .............. ......... 5,559 –2,783 –4,909 –4,403 –521 –277 –1,266 –1,050 ......... ......... –7,057 –9,650
Implement program integrity allocation
adjustments2 ...................................................... ......... –1,497 –4,187 –6,684 –9,465 –12,620 –14,990 –16,632 –18,305 –19,647 –20,976 –34,453 –125,003
Provide $250 Economic Recovery Payments2 ...... 14,616 265 ......... ......... ......... ......... ......... ......... ......... ......... ......... 265 265
Hold harmless the Federal poverty level ............. ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Total, multi-agency .......................................... 14,616 4,327 –6,970 –11,593 –13,868 –13,141 –15,267 –17,898 –19,355 –19,647 –20,976 –41,245 –134,388
Total, mandatory and receipt proposals,

including surface transportation .............. 18,930 14,227 5,671 –2,579 –83,764–121,100 –76,118 –71,523 –58,081 –73,693 –76,882–187,545 –543,842
Note: For receipt effects, positive figures indicate lower receipts. For outlay effects, positive figures indicate higher outlays. For net costs, positive figures indicate higher
deficits.
1
The estimates for this proposal include effects on outlays. The outlay effects included in the totals above are listed below:
2012– 2012–
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2016 2021
Continue certain expiring provisions through
calendar year 2012 .................................................... 32 502 789 437 384 121 ......... ......... ......... ......... ......... 2,233 2,233
Expand earned income tax credit................................. ......... ......... 69 1,372 1,384 1,404 1,436 1,463 1,490 1,512 1,551 4,229 11,681
Expand child and dependent care tax credit ............... ......... ......... 337 347 354 363 372 386 398 410 420 1,401 3,387
Provide for automatic enrollment in IRAs and double
the tax credit for small employer plan startup
costs ........................................................................... ......... ......... 38 66 71 79 90 105 122 142 167 254 880
Extend American opportunity tax credit ..................... ......... ......... 16 4,465 4,425 4,655 4,608 4,531 4,791 4,775 5,038 13,561 37,304
Reform and extend Build America bonds .................... 105 599 1,580 2,793 4,048 5,314 6,575 7,830 9,080 10,324 11,561 14,334 59,704
Designate Growth Zones............................................... ......... 14 34 43 43 40 10 –20 –20 –17 –14 174 113
Total outlay effects of receipt proposals ............... 137 1,115 2,863 9,523 10,709 11,976 13,091 14,295 15,861 17,146 18,723 36,186 115,302
2
The estimates for this proposal include effects on receipts. The receipt effects included in the totals above are listed below:
2012– 2012–
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2016 2021
Reform inland waterways funding ............................... ......... ......... –196 –163 –135 –72 –72 –71 –69 –70 –69 –566 –917
Reform coal and hardrock Abandoned Mine Lands
(AML) programs ........................................................ ......... ......... –200 –200 –200 –200 –200 –200 –200 –200 –200 –800 –1,800
Increase Duck Stamp fees ............................................ ......... –14 –14 –14 –14 –14 –14 –14 –14 –14 –14 –70 –140
193
194

Totals
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012– 2012–
2016 2021
Give States and employers short-term relief from
interest and tax increases and strengthen
unemployment insurance system solvency ............. ......... 1,714 3,541 –7,477 –12,863 –10,544 –11,814 –8,555 34 263 –167 –25,629 –45,868
Expand work-sharing program .................................... ......... ......... –14 –20 51 82 82 81 81 81 81 99 505
Enhance unemployment insurance integrity .............. ......... ......... –54 –108 –70 588 –162 355 388 42 –144 356 835
Levy payments to Medicare providers with
delinquent tax debt ................................................... –17 –64 –68 –71 –74 –76 –76 –78 –80 –80 –81 –353 –748
Levy payments to Federal contractors with
delinquent tax debt ................................................... –5 –59 –61 –64 –67 –69 –73 –76 –80 –83 –87 –320 –719
Restructure assistance to New York City .................... ......... 200 200 200 200 200 200 200 200 200 200 1,000 2,000
Implement program integrity allocation
adjustments ............................................................... ......... –276 –804 –1,970 –3,721 –5,646 –7,227 –8,184 –8,773 –9,274 –9,778 –12,417 –55,653
Provide $250 Economic Recovery Payments ............... 216 112 ......... ......... ......... ......... ......... ......... ......... ......... ......... 112 112
Total receipt effects of mandatory proposals ....... 194 1,613 2,330 –9,887 –16,893 –15,751 –19,356 –16,542 –8,513 –9,135 –10,259 –38,588 –102,393
3
The health savings to offset the cost of providing physicians three years of relief from scheduled payment cuts under the sustainable growth rate formula (SGR) are listed
below:
2012– 2012–
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2016 2021
Expand CMS program integrity authority:
Reduce Medicaid provider tax threshold
beginning in 2015 .............................................. ......... ......... ......... ......... –1,460 –2,050 –2,690 –2,820 –2,970 –3,110 –3,270 –3,510 –18,370
Strengthen Medicaid third-party liability ........... ......... –65 –95 –155 –165 –170 –175 –190 –195 –200 –210 –650 –1,620
Track high prescribers and utilizers of
prescription drugs in Medicaid ......................... ......... –80 –170 –310 –340 –370 –390 –410 –440 –460 –480 –1,270 –3,450
Require manufacturers that improperly report
items for Medicaid drug coverage to fully
repay States ....................................................... ......... –10 –10 –10 –10 –10 –15 –15 –15 –15 –15 –50 –125
Enforce Medicaid drug rebate agreements .......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Increase penalties on drug manufacturers for
fraudulent non-compliance with Medicaid
drug rebate agreements .................................... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Require drugs to be properly listed with the
FDA to receive Medicaid coverage ................... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Prohibit Federal funds from being used as
Medicaid/CHIP State share unless specifically
authorized by law .............................................. ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Recover erroneous payments made to insurers
participating in Medicare Advantage............... ......... –490 –570 –600 –640 –650 –680 –680 –660 –610 –580 –2,950 –6,160
Increase scrutiny of providers using higher-risk
banking arrangements to receive Medicare
payments ........................................................... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
SUMMARY TABLES
Totals
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012– 2012–
2016 2021
Allow civil monetary penalties for providers who
do not update enrollment information ............. ......... ......... ......... –10 –10 –10 –10 –10 –10 –10 –10 –30 –80
Study the feasibility of using universal product
numbers (UPNs) to improve payment
accuracy in Medicare ........................................ ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Permit exclusion of individuals affiliated with
entities sanctioned for fraudulent or other
prohibited actions from federal health care
programs ............................................................ ......... ......... ......... ......... ......... ......... –10 –10 –10 –10 –10 ......... –50
Create a system to validate physicians’ and
practitioners’ orders for certain high-risk
products and services ........................................ ......... ......... ......... –20 –110 –200 –250 –260 –280 –310 –330 –330 –1,760
Require prepayment review for all power
wheelchairs ........................................................ ......... –10 –20 –20 –20 –20 –30 –30 –30 –30 –30 –90 –240
Use a portion of Recovery Audit Contractor

recoveries to implement actions that prevent
improper payments and fraud .......................... ......... ......... ......... ......... –20 –30 –30 –30 –40 –40 –40 –80 –230
Provide flexibility to the Secretary in
implementing predictive analytics
technologies for claims payment to maximize
cost effectiveness ............................................... ......... ......... –20 –20 –20 –30 –10 ......... ......... ......... ......... –100 –100
Limit the discharge of debt in bankruptcy
proceedings in cases of fraudulent activity ...... ......... ......... ......... –10 –10 –20 –20 –20 –20 –20 –30 –40 –150
Strengthen penalties for illegal distribution
of Medicare, Medicaid, or CHIP beneficiary
identification or billing privileges .................... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Total, expand CMS program integrity
authority ....................................................... ......... –655 –885 –1,155 –2,805 –3,560 –4,310 –4,475 –4,670 –4,815 –5,005 –9,060 –32,335
Other Medicaid Proposals:
Limit Medicaid reimbursement of durable
medical equipment (DME) based on Medicare
rates ................................................................... ......... –210 –420 –470 –550 –700 –730 –770 –810 –850 –890 –2,350 –6,400
Rebase Medicaid Disproportionate Share
Hospital (DSH) allotments in 2021 .................. ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... –4,170 ......... –4,170
Total, other Medicaid proposals ...................... ......... –210 –420 –470 –550 –700 –730 –770 –810 –850 –5,060 –2,350 –10,570
Other Medicare Proposals:
Require the Secretary to determine the
geographic scope of Quality Improvement
Organization (QIO) contracts to maximize
efficiency ............................................................ ......... –20 –50 –110 –190 –230 –260 –290 –320 –360 –390 –600 –2,220
Eliminate the conflict of interest between
beneficiary protection and quality
improvement activities for QIOs ...................... ......... –10 –20 –30 –60 –80 –80 –90 –100 –120 –120 –200 –710
195
196

Totals
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012– 2012–
2016 2021
Expand pool of contractors eligible for QIO work ...... ......... ......... ......... –10 –20 –20 –20 –30 –20 –20 –30 –50 –170
Extend the QIO contract length from three
years up to five years ........................................ ......... ......... ......... ......... –10 –20 –20 –20 –30 –30 –30 –30 –160
Align QIO contract terminations with Federal
Acquisition Regulations .................................... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Dedicate EHR penalties to improving Medicare
program financing ............................................. ......... ......... ......... ......... ......... ......... ......... ......... ......... –1,620 –1,610 ......... –3,230
Total, other Medicare proposals ...................... ......... –30 –70 –150 –280 –350 –380 –430 –470 –2,150 –2,180 –880 –6,490
Other Pharmaceutical Proposals:
Modify length of exclusivity to facilitate faster
development of generic biologics ...................... ......... ......... ......... ......... –80 –250 –300 –340 –420 –460 –490 –330 –2,340
Prohibit brand and generic drug companies from
delaying the availability of new generic drugs....... ......... –540 –590 –680 –760 –850 –910 –960 –1,070 –1,180 –1,250 –3,420 –8,790
Streamline pharmacy benefit contracting in the
FEHB program .................................................. ......... –69 –138 –147 –160 –171 –184 –200 –216 –231 –251 –685 –1,767
Total, other pharmaceutical proposals ........... ......... –609 –728 –827 –1,000 –1,271 –1,394 –1,500 –1,706 –1,871 –1,991 –4,435 –12,897
Interactions ................................................................... ......... –67 –72 –74 –124 –175 –32 138 381 12 72 –512 59
Total savings from CMS program integrity,

and other Medicare, Medicaid, and
pharmaceutical proposals ........................... ......... –1,571 –2,175 –2,676 –4,759 –6,056 –6,846 –7,037 –7,275 –9,674 –14,164 –17,237 –62,233
Cost of providing SGR relief through 2013 .......... ......... 18,602 28,593 7,210 ......... ......... ......... ......... ......... ......... ......... 54,405 54,405
Additional savings after paying for SGR relief
through 2013 ..................................................... ......... 17,031 26,418 4,534 –4,759 –6,056 –6,846 –7,037 –7,275 –9,674 –14,164 37,168 –7,828
4
This proposal has both PAYGO and non-PAYGO effects.
5
This proposal has outlays of less than $500,000 per year. The total cost is $1 million from 2012–2016 and $3 million from 2012–2021.
SUMMARY TABLES
S–9. Bridge Between Total Mandatory and Receipt Proposals and PAYGO Scorekeeping
2011–2016 2011–2021
Grand total, mandatory and receipt proposals from Table S–8 ................................................................................................... –169 –525
Adjustments for PAYGO scorekeeping:
Remove net savings not counted for PAYGO purposes:
Transportation Trust Fund .............................................................................................................................................................. 58 93
Program integrity savings generated by increased discretionary funding, and other non-PAYGO effects ................................ 32 123
Total, net savings not counted for PAYGO purposes ................................................................................................................. 90 215
Adjust for physician payment relief exempt from statutory PAYGO through 2014 ........................................................................... –82 –82
Devote savings from reducing the value of certain tax expenditures to pay for three years of AMT relief ....................................... 114 321
Total, adjustments for PAYGO scorekeeping .................................................................................................................................. 122 454
Total savings from mandatory and receipt proposals under PAYGO scorekeeping ............................................................... –46 –71
Memorandum, PAYGO costs included in adjusted baseline:

Extend AMT relief through 2014 (offset with savings from reducing the value of certain tax expenditures) .................................. 316 316
Extend AMT relief for 2015 and beyond ................................................................................................................................................ 196 1,234
Extend estate and gift taxes beyond 2011 at 2009 parameters ........................................................................................................... 88 271
197
Table S–10. Funding Levels for Appropriated (“Discretionary”) Programs by Category
198
(Budget authority in billions of dollars)

Outyears Totals
2010 2011 2012
Actual Request Request 2012- 2012-
2013 2014 2015 2016 2017 2018 2019 2020 2021
2016 2021
Discretionary Policy by Category:

Security Agencies ......................... 682.8 714.0 719.4 741.3 761.4 778.2 795.6 811.3 827.6 844.3 861.1 878.6 3,795.9 8,018.9
Non-Security Agencies ................. 401.6 401.2 396.8 396.7 396.6 396.7 406.0 414.8 426.6 437.5 453.8 456.6 1,992.7 4,182.1
Total, Base Discretionary Funding .. 1,084.4 1,115.2 1,116.1 1,138.0 1,158.0 1,174.9 1,201.6 1,226.1 1,254.3 1,281.8 1,314.9 1,335.2 5,788.6 12,200.9
Other Discretionary Funding (not
included above):
Overseas Contingency
Operations 1 ............................... 167.3 164.7 126.5 50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0 326.5 576.5
Other Supplemental/Emergency
Funding ..................................... 5.9 ......... –* ......... ......... ......... ......... ......... ......... ......... ......... ......... –* –*
Grand Total, Discretionary
Budget Authority ...................... 1,257.6 1,279.9 1,242.7 1,188.0 1,208.0 1,224.9 1,251.6 1,276.1 1,304.3 1,331.8 1,364.9 1,385.2 6,115.1 12,777.5
Memorandum, Budget Authority
Adjusted for Inflation and Population:2
Security ................................................ 898.2 902.1 845.9 768.9 766.0 758.8 752.0 742.9 734.5 726.1 717.7 709.8 3,891.6 7,522.6
Non-Security ....................................... 421.2 411.9 396.8 385.4 374.3 363.5 361.1 357.8 357.1 355.2 357.4 349.0 1,881.1 3,657.6
Grand Total ......................................... 1,319.4 1,314.0 1,242.7 1,154.4 1,140.3 1,122.3 1,113.1 1,100.7 1,091.6 1,081.3 1,075.1 1,058.7 5,772.7 11,180.2
1
The Budget includes placeholder estimates of $50 billion per year for Overseas Contingency Operations in 2013 and beyond. These estimates do not reflect any
specific policy decisions.
2
Totals include Overseas Contingency Operations and Other Supplemental/Emergency Funding.
SUMMARY TABLES
Table S–11. Funding Levels for Appropriated (“Discretionary”) Programs by Agency
Outyears Totals
2010 2011 2012
2013 2014 2015 2016 2017 2018 2019 2020 2021
2016 2021
Base Discretionary Funding by Agency:
Security Agencies:
Defense 1 ......................................................... 530.1 549.1 553.0 570.7 586.4 598.2 610.6 621.6 632.8 644.1 655.7 667.5 2,918.9 6,140.6
Energy - National Nuclear Security
Administration 1 ......................................... 9.9 11.2 11.7 12.0 12.5 13.0 13.3 13.5 13.8 14.1 14.3 14.7 62.5 132.9
Homeland Security 2 ..................................... 39.8 43.6 43.2 43.6 44.1 45.5 46.9 48.4 49.9 51.5 53.2 54.9 223.2 481.1
Veterans Affairs 3 ........................................... 53.1 57.0 58.8 60.7 62.6 64.6 66.7 68.8 70.9 73.3 75.6 78.0 313.4 680.0
State and Other International Programs 4 ... 49.8 53.1 52.7 54.3 55.8 57.0 58.1 59.1 60.2 61.3 62.3 63.5 277.9 584.3
Subtotal, Security Agencies ........................... 682.8 714.0 719.4 741.3 761.4 778.2 795.6 811.3 827.6 844.3 861.1 878.6 3,795.9 8,018.9
Non-Security Agencies:
Agriculture 4 ................................................... 25.1 23.8 22.0 22.9 22.9 23.0 23.5 24.1 24.7 25.3 25.9 26.6 114.4 241.0
Commerce ...................................................... 13.9 9.0 8.8 8.7 8.7 8.9 9.3 9.7 10.7 11.9 18.1 10.3 44.3 105.0
Census Bureau ......................................... 7.2 1.3 1.0 1.2 1.2 1.4 1.6 1.8 2.6 3.6 9.7 1.6 6.1 25.4
Education ....................................................... 64.3 72.9 77.4 75.4 75.2 75.5 76.8 78.1 79.5 80.9 82.4 83.9 380.2 784.9
Energy (excluding National Nuclear
Security Administration) .......................... 16.6 17.1 17.8 18.1 18.0 18.1 18.5 19.0 19.5 19.9 20.4 20.9 90.6 190.3
Health and Human Services 5 ...................... 84.4 83.4 82.2 79.4 79.1 79.6 81.4 83.3 85.2 87.3 89.3 91.7 401.8 838.6
Housing and Urban Development ................ 42.8 41.6 41.7 41.1 41.4 41.2 41.9 42.4 43.4 44.5 45.7 46.9 207.4 430.3
Interior ........................................................... 12.1 12.1 12.1 11.7 11.6 11.7 12.0 12.3 12.6 12.9 13.2 13.6 59.1 123.7
Justice ............................................................ 27.6 24.1 20.9 27.3 27.2 27.4 28.0 28.7 29.4 30.1 30.9 31.7 130.8 281.6
Labor .............................................................. 13.5 14.0 12.8 12.5 12.4 12.5 12.7 13.0 13.2 13.5 13.8 14.1 62.9 130.5
State and Other International Programs 4 ... 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.6 1.2
Transportation ............................................... 14.7 14.0 13.4 13.6 13.6 13.6 14.0 14.3 14.6 15.0 15.4 15.8 68.2 143.3
Treasury ......................................................... 13.4 13.9 14.0 15.0 15.6 16.2 17.1 17.5 18.0 18.4 18.9 19.4 78.0 170.1
Corps of Engineers ........................................ 5.5 4.9 4.6 4.3 4.3 4.3 4.4 4.5 4.6 4.7 4.8 5.0 21.8 45.4
Environmental Protection Agency ................ 10.3 10.0 9.0 8.7 8.7 8.7 8.9 9.1 9.4 9.6 9.8 10.1 44.0 92.1
General Services Administration ................. 0.4 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.7 0.7 0.7 3.0 6.3
National Aeronautics and Space
Administration .......................................... 18.7 18.9 18.7 18.0 18.0 18.1 18.5 19.0 19.4 19.9 20.4 20.9 91.4 191.0
National Science Foundation ........................ 6.9 7.4 7.8 7.5 7.5 7.5 7.7 7.9 8.1 8.3 8.5 8.7 37.9 79.2
Small Business Administration .................... 0.8 1.0 1.0 0.9 0.9 0.9 0.9 0.9 0.9 1.0 1.0 1.0 4.5 9.3
Social Security Administration 5 ................... 9.3 10.1 10.2 10.0 10.2 10.4 10.7 11.0 11.3 11.5 11.9 12.2 51.5 109.3
Corporation for National and Community
Service ........................................................ 1.2 1.4 1.3 1.2 1.2 1.2 1.2 1.3 1.3 1.3 1.4 1.4 6.1 12.8
Other Agencies ..................................................... 19.9 20.7 20.3 19.6 19.5 17.0 17.8 18.2 20.1 20.7 21.2 21.7 94.2 196.1
Subtotal, Non-Security Discretionary
Budget Authority .......................................... 401.6 401.2 396.8 396.7 396.6 396.7 406.0 414.8 426.6 437.5 453.8 456.6 1,992.7 4,182.1
Other Discretionary Funding (not included
above):
199
Table S–11. Funding Levels for Appropriated (“Discretionary”) Programs by Agency—Continued
200

Outyears Totals
2010 2011 2012
2013 2014 2015 2016 2017 2018 2019 2020 2021
2016 2021
Overseas Contingency Operations 6 ............. 167.3 164.7 126.5 50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0 326.5 576.5
Defense .......................................................... 162.3 159.1 117.6 ......... ......... ......... ......... ......... ......... ......... ......... ......... 117.6 117.6
Homeland Security ........................................ 0.2 0.3 0.3 ......... ......... ......... ......... ......... ......... ......... ......... ......... 0.3 0.3
Justice ............................................................ 0.1 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
State and Other International Programs .... 4.7 5.4 8.7 ......... ......... ......... ......... ......... ......... ......... ......... ......... 8.7 8.7
Overseas Contingency Operations Outyears ... ......... ......... ......... 50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0 200.0 450.0
Other Supplemental or Emergency
Funding ........................................................... 8.3 ......... –* ......... ......... ......... ......... ......... ......... ......... ......... ......... –* –*
Agriculture ..................................................... 0.6 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Defense .......................................................... –1.6 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Education ....................................................... –0.1 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Health and Human Services ......................... 0.2 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Homeland Security ........................................ 5.5 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Justice ............................................................ 0.2 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
State and Other International Programs .... 2.3 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Corps of Engineers ........................................ 0.2 ......... –* ......... ......... ......... ......... ......... ......... ......... ......... ......... –* –*
Small Business Administration .................... 1.0 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Other Agencies .............................................. 0.1 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
American Recovery and Reinvestment Act
of 2009 (P.L. 111–5) ........................................ –2.4 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Commerce ...................................................... –0.5 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Defense .......................................................... –0.3 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Energy ............................................................ –1.5 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Other Agencies .............................................. –0.1 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Grand Total, Discretionary Budget Authority ..... 1,257.6 1,279.9 1,242.7 1,188.0 1,208.0 1,224.9 1,251.6 1,276.1 1,304.3 1,331.8 1,364.9 1,385.2 6,115.1 12,777.5
Memorandum: 2012 Budget 5-Year Defense
Request versus 2011 Future Years Defense Plan
(FYDP) 7
2011 Defense FYDP ...................................... n/a 549.1 566.4 581.8 597.8 616.0 635.1 n/a n/a n/a n/a n/a 2,997.0 n/a
Savings resulting from 2012 Budget policy ... n/a ......... –13.3 –11.1 –11.4 –17.9 –24.5 n/a n/a n/a n/a n/a –78.2 n/a
1
The Department of Defense (DOD) levels in 2013-2021 include funding that will be allocated, in annual increments, to the National Nuclear Security Administration
(NNSA) due to the close link between DOD and NNSA in determining nuclear weapons-related requirements and missions. The amounts by which DOD’s budget
authority will decrease and NNSA’s will increase are, in millions of dollars: 2013: 439; 2014: 553; 2015: 586; 2016: 638; 2012-2016: 2,216; 2012-2021: 5,582.
2
The Homeland Security level includes a -$3.0 billion transfer in 2010 of BioShield balances to Health and Human Services.
3
The Veterans Affairs total is net of medical care collections.
4
The Security category for State and Other International Programs is comprised entirely of International Function 150. This includes funding for International Food Aid
programs in the Department of Agriculture.
5
Funding from the Hospital Insurance and Supplementary Medical Insurance trust funds for administrative expenses incurred by the Social Security Administration that
support the Medicare program are included in the Health and Human Services total and not in the Social Security Administration total. Additionally, the Health and
Human Services total includes $3.0 billion in 2010 for transfer of the BioShield program in Homeland Security.
6
The Budget includes placeholder estimates of $50 billion per year for Overseas Contingency Operations in 2013 and beyond. These estimates do not reflect any specific
SUMMARY TABLES
policy decisions.
7
This compares the 2012 Request for Defense from 2012-2016 to the Department’s 2011 FYDP, which does not extend beyond 2016.
Table S–12. Market Valuation and Balance Sheet of Fannie Mae and Freddie Mac
Totals
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012– 2012– 2009–
2016 2021 2021
Transactions between Treasury and
Fannie Mae/ Freddie Mac:
Senior Preferred Liquidity Payments
to Fannie Mae/Freddie Mac ............ 96 53 48 29 11 ......... ......... ......... ......... ......... ......... ......... ......... 40 40 236
Senior Preferred Dividend Payments
from Fannie Mae/Freddie Mac ...... –4 –12 –17 –21 –23 –17 –14 –11 –10 –9 –8 –8 –8 –86 –129 –163
Net Payments ..................................... 100 40 30 8 –12 –17 –14 –11 –10 –9 –8 –8 –8 –46 –89 73
Market Valuation of Fannie Mae and
Freddie Mac: 1
Market Value of Net Liability ............ –18
Value of Private Equity Shares ......... –3
Net Position of Fannie Mae and
Freddie Mac:
Assets:
U.S. Treasury Securities ............... 12 68
GSE Portfolio Securities and
Loans ......................................... 1,525 1,007
Consolidated Trust Securities 2 ..... ......... 4,241
Cash ................................................ 73 105
Other .............................................. 146 96
Liabilities:
GSE Debt Outstanding ................. 1,607 1,539
Consolidated Trust Debt 2 ............. ......... 3,934
Other Financial Liabilities ........... 155 48
Equity:
Treasury Senior Preferred Stock 3 98 150
Private Equity ............................... –103 –153
Net Position ................................... –5 –3
1
Market valuation not available for 2010 because of NYSE delisting.
2
New FASB accounting standards required consolidation of Variable Interest Entity securitization trusts on January 1, 2010.
3
Face value of Treasury senior preferred stock equal to original liquidation preference of $2 billion plus Treasury investments through September 30.
201
Table S–13. Economic Assumptions
202
(Calendar years)
2009 Projections
Actual 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Gross Domestic Product (GDP):
Nominal level, billions of dollars ..................... 14,119 14,651 15,240 16,032 17,006 18,043 19,052 20,037 20,986 21,910 22,866 23,860 24,896
Nominal GDP percent change, year/year........ –1.7 3.8 4.0 5.2 6.1 6.1 5.6 5.2 4.7 4.4 4.4 4.3 4.3
Real GDP, percent change, year/year .............. –2.6 2.7 2.7 3.6 4.4 4.3 3.8 3.3 2.9 2.6 2.5 2.5 2.5
Real GDP, percent change, Q4/Q4 ................... 0.2 2.5 3.1 4.0 4.5 4.2 3.6 3.2 2.7 2.5 2.5 2.5 2.5
GDP chained price index, percent change,
year/year....................................................... 0.9 1.0 1.3 1.5 1.6 1.7 1.7 1.8 1.8 1.8 1.8 1.8 1.8
Consumer Price Index, percent change,
year/year 1 ...................................................... –0.3 1.6 1.3 1.8 1.9 2.0 2.0 2.1 2.1 2.1 2.1 2.1 2.1
Unemployment rate, civilian, percent 2 ....... 9.3 9.6 9.3 8.6 7.5 6.6 5.9 5.5 5.3 5.3 5.3 5.3 5.3
Interest rates, percent:
91-day Treasury bills 3 ..................................... 0.2 0.1 0.2 1.0 2.6 3.7 4.0 4.1 4.1 4.1 4.1 4.1 4.1
10-year Treasury notes .................................... 3.3 3.2 3.0 3.6 4.2 4.6 5.0 5.2 5.3 5.3 5.3 5.3 5.3
Note: Based on information available as of mid-November 2010, prior to the enactment of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act
of 2010. A more detailed table of economic assumptions is in Chapter 2, “Economic Assumptions,” in the Analytical Perspectives volume of the Budget, Table 2–1.
1
Seasonally adjusted CPI for all urban consumers.
2
Annual average.
3
Average rate, secondary market (bank discount basis).
SUMMARY TABLES
Table S–14. Federal Government Financing and Debt
Actual Estimate
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Financing:
Unified budget deficit.................................................................... 1,293 1,645 1,101 768 645 607 649 627 619 681 735 774
Other transactions affecting borrowing from the public:
Changes in financial assets and liabilities: 1
Change in Treasury operating cash balance 2 ................. 35 * –235 ......... ......... ......... ......... ......... ......... ......... ......... .........
Net disbursements of credit financing accounts:
Direct loan accounts........ ............................................ 179 168 183 148 141 139 116 107 106 103 101 106
Guaranteed loan accounts........................................... 2 10 –4 –2 3 6 6 3 –1 –5 –6 –15
Troubled Asset Relief Program (TARP) equity
purchase accounts ................................................... –29 16 –19 –9 –9 –11 –6 –5 –4 –7 –9 *
Net purchases of non-Federal securities by the
National Railroad Retirement Investment Trust
(NRRIT) ......................................................................... 1 –1 –1 –1 –1 –1 –2 –1 –1 –1 –1 –1
Net change in other financial assets and liabilities 3... ... –7 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Subtotal, changes in financial assets and liabilities.. 181 193 –76 136 134 133 115 105 99 90 85 90
Seigniorage on coins........ ....................................................... –* –* –* –* –* –* –* –* –* –* –* –*
Total, other transactions affecting borrowing from
the public.................................................................. 181 192 –77 135 134 132 114 104 99 90 84 89
Total, requirement to borrow from the public
(equals change in debt held by the public) ....... 1,474 1,838 1,025 903 778 739 763 731 717 771 820 863
Changes in Debt Subject to Statutory Limitation:
Change in debt held by the public................................................ 1,474 1,838 1,025 903 778 739 763 731 717 771 820 863
Change in debt held by Government accounts ............................ 179 110 153 193 232 275 287 311 339 327 323 318
Change in other factors ................................................................ 5 1 1 2 1 1 2 2 2 2 2 2
Total, change in debt subject to statutory limitation ........... 1,658 1,948 1,179 1,098 1,012 1,015 1,052 1,044 1,059 1,101 1,144 1,183
Debt Subject to Statutory Limitation, End of Year:
Debt issued by Treasury................................................................ 13,503 15,449 16,627 17,724 18,734 19,748 20,799 21,842 22,901 24,001 25,145 26,328
Adjustment for discount, premium, and coverage 4 .................... 8 10 11 13 14 15 16 17 18 18 18 18
5
Total, debt subject to statutory limitation ........................ 13,511 15,459 16,638 17,737 18,748 19,764 20,815 21,860 22,918 24,019 25,163 26,346
Debt Outstanding, End of Year:
Gross Federal debt: 6
Debt issued by Treasury....... .................................................. 13,503 15,449 16,627 17,724 18,734 19,748 20,799 21,842 22,901 24,001 25,145 26,328
Debt issued by other agencies................................................ 26 27 27 27 27 27 26 25 23 22 20 18
Total, gross Federal debt................................................... 13,529 15,476 16,654 17,750 18,761 19,776 20,825 21,867 22,924 24,023 25,165 26,346
Held by:
Debt held by Government accounts....................................... 4,510 4,620 4,773 4,967 5,199 5,474 5,761 6,072 6,411 6,739 7,062 7,379
203
Debt held by the public 7..................... ................................... 9,019 10,856 11,881 12,784 13,562 14,301 15,064 15,795 16,513 17,284 18,103 18,967
Table S–14. Federal Government Financing and Debt—Continued
204
Actual Estimate
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Debt Held by the Public Net of Financial Assets:
Debt held by the public..................... ............................................ 9,019 10,856 11,881 12,784 13,562 14,301 15,064 15,795 16,513 17,284 18,103 18,967
Less financial assets net of liabilities:
Treasury operating cash balance 2 ........................................ 310 310 75 75 75 75 75 75 75 75 75 75
Credit financing account balances:
Direct loan accounts ......................................................... 668 836 1,019 1,166 1,307 1,446 1,562 1,670 1,775 1,879 1,980 2,085
Guaranteed loan accounts ................................................ –32 –22 –26 –28 –25 –19 –13 –9 –10 –15 –22 –36
TARP equity purchase accounts ...................................... 77 92 73 64 55 44 38 33 29 22 13 14
Government-sponsored enterprise preferred stock .............. 109 143 164 172 172 172 172 172 172 172 172 172
Non-Federal securities held by NRRIT ................................. 23 22 20 19 18 17 16 14 13 12 11 10
Other assets net of liabilities ................................................. –29 –29 –29 –29 –29 –29 –29 –29 –29 –29 –29 –29
Total, financial assets net of liabilities ............................ 1,125 1,352 1,296 1,440 1,574 1,706 1,821 1,926 2,025 2,115 2,200 2,290
Debt held by the public net of financial assets .......... 7,894 9,505 10,585 11,344 11,988 12,595 13,243 13,869 14,488 15,169 15,903 16,677
1
A decrease in the Treasury operating cash balance (which is an asset) is a means of financing a deficit and therefore has a negative sign. An increase in checks
outstanding (which is a liability) is also a means of financing a deficit and therefore also has a negative sign.
2
Includes assumed Supplementary Financing Program balance of $200 billion on September 30, 2011, and zero on September 30, 2012, and beyond.
3
Includes checks outstanding, accrued interest payable on Treasury debt, uninvested deposit fund balances, allocations of special drawing rights, and other liability
accounts; and, as an offset, cash and monetary assets (other than the Treasury operating cash balance), other asset accounts, and profit on sale of gold.
4
Consists mainly of debt issued by the Federal Financing Bank (which is not subject to limit), debt held by the Federal Financing Bank, the unamortized discount (less
premium) on public issues of Treasury notes and bonds (other than zero-coupon bonds), and the unrealized discount on Government account series securities.
5
The statutory debt limit is $14,294 billion, as enacted on February 12, 2010.
6
Treasury securities held by the public and zero-coupon bonds held by Government accounts are almost all measured at sales price plus amortized discount or less
amortized premium. Agency debt securities are almost all measured at face value. Treasury securities in the Government account series are otherwise measured at face
value less unrealized discount (if any).
7
At the end of 2010, the Federal Reserve Banks held $811.7 billion of Federal securities and the rest of the public held $8,207.2 billion. Debt held by the Federal Reserve
Banks is not estimated for future years.
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(Deﬁcit increases (+) or decreases (–) in billions of dollars)

Policy for physicians relief from sustainable

Subtotal, mandatory, revenue, and non-security

(In billions of dollars)

(In billions of dollars)

(As a percent of GDP)

(In billions of constant dollars, adjusted for population growth)

Baseline to Adjusted Baseline

Adjustment to reﬂect costs of possible

capital gains at a 20-percent rate for

Continue certain expiring provisions

(Deﬁcit increases (+) or decreases (–) in millions of dollars)

Pay for Three Years of AMT Relief:

Modify dividends-received deduction

(Deﬁcit increases (+) or decreases (–) in millions of dollars)

(Deﬁcit increases (+) or decreases (–) in millions of dollars)

(Deﬁcit increases (+) or decreases (–) in millions of dollars)

(Deﬁcit increases (+) or decreases (–) in millions of dollars)

Total, mandatory and receipt proposals,

(Deﬁcit increases (+) or decreases (–) in millions of dollars)

Use a portion of Recovery Audit Contractor

(Deﬁcit increases (+) or decreases (–) in millions of dollars)

Total savings from CMS program integrity,

Memorandum, PAYGO costs included in adjusted baseline:

(Budget authority in billions of dollars)

Discretionary Policy by Category:

(Budget authority in billions of dollars)

(In billions of dollars)

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