Thursday, December 17, 2009

Congressional Budget Office Estimates: S. 1733: Clean Energy Jobs and American Power Act
"...CBO and the Joint Committee on Taxation (JCT) estimate that over the 2010-2019 period
enacting this legislation would:

 Increase federal revenues by about $854 billion; and

 Increase direct spending by about $833 billion.

In total, those changes would reduce budget deficits (or increase future surpluses) by
about $21 billion over the 2010-2019 period. (All estimated effects would be on-budget.)
In years after 2019, direct spending would be less than the net revenues attributable to the
legislation in each of the 10-year periods following 2019. Therefore, CBO estimates that
enacting S. 1733 would not increase the deficit in any of the four 10-year periods
following 2019..."

No comments: