2006 Budget of the United States Government - tables

SUMMARY TABLES THE BUDGET FOR FISCAL YEAR 2006 Table S–1. Budget Totals (Dollar amounts in billions) 2004 Budget Totals: Receipts ....................................................... Outlays ......................................................... Deficit ..................................................... Gross Domestic Product (GDP) .............. Budget Totals as a Percent of GDP: Receipts ....................................................... Outlays ......................................................... Deficit ..................................................... 2005 2006 2007 2008 2009 2010 1,880 2,292 412 11,553 2,053 2,479 427 12,227 2,178 2,568 390 12,907 2,344 2,656 312 13,617 2,507 2,758 251 14,349 2,650 2,883 233 15,111 2,821 3,028 207 15,906 16.3% 19.8% 3.6% 16.8% 20.3% 3.5% 16.9% 19.9% 3.0% 17.2% 19.5% 2.3% 17.5% 19.2% 1.7% 17.5% 19.1% 1.5% 17.7% 19.0% 1.3% 343 344 Table S–2. Discretionary Totals (Net budget authority; dollar amounts in billions) Actual 2001 Discretionary budget authority: Department of Defense ................................................................................ Homeland Security (non-Department of Defense) ............................. Other Operations of Government.............................................................. Total, Discretionary budget authority .................................................... Percent change by category: Department of Defense ............................................................................ Homeland Security (non-Department of Defense)......................... Other Operations of Government ......................................................... Total, Percent change.................................................................................... Enacted supplemental and emergency funding: Defense and Other Global War on Terror .............................................. Homeland Security (non-Department of Defense) ............................. Non-Defense, Non-Homeland .................................................................... Allowance for anticipated 2005 supplemental ...................................... Total, Supplemental and emergency funding .................................... Memorandum: Budget authority enacted for Project BioShield .................................. Discretionary Outyears by Category: Department of Defense ................................................................................ Homeland Security (non-Department of Defense) ............................. Other Operations of Government.............................................................. Total, Discretionary budget authority .................................................... Percent change by category: Department of Defense ............................................................................ Homeland Security (non-Department of Defense)......................... Other Operations of Government ......................................................... Total, Percent change.................................................................................... *$500 million or less. 2002 2003 2004 2006 2005 Enacted Request 2005–2006 Dollar change 303 10 331 644 5% 14% 15% 10% 14 3 3 — 20 — 328 13 351 691 8% 21% 6% 7% 18 12 14 — 44 — 2006 419 32 389 840 365 24 370 758 11% 85% 5% 10% 80 6 5 — 91 — 2007 443 34 389 866 6% 5% 0% 3% 376 28 386 790 3% 21% 4% 4% 114 * 3 — 117 1 2008 462 35 389 887 4% 5% 0% 2% 400 31 391 823 6% 10% 1% 4% 1 * 11 81 93 3 2009 482 37 389 908 4% 5% 0% 2% 419 32 389 840 5% 3% 1% 2% — — — — — — 2010 492 39 389 920 2% 5% 0% 1% 19 1 3 18 SUMMARY TABLES THE BUDGET FOR FISCAL YEAR 2006 Table S–3. Growth in Discretionary Budget Authority by Major Agency (Net budget authority; dollar amounts in billions) Growth Actual Agency Agriculture................................................... Commerce .................................................. Defense ....................................................... Education .................................................... Energy .......................................................... Health and Human Services ................ Homeland Security .................................. Housing and Urban Development ...... Interior .......................................................... Justice .......................................................... Labor............................................................. State and International Assistance Programs ................................................ Transportation............................................ Treasury ....................................................... Veterans Affairs......................................... Corps of Engineers ................................. Environmental Protection Agency ...... Executive Office of the President ....... Judicial Branch .......................................... Legislative Branch.................................... National Aeronautics and Space Administration ....................................... National Science Foundation ............... Social Security Administration............. Other Agencies ......................................... Total, Discretionary Spending ............ Note: Supplementals are excluded. Estimate 2004 21.1 5.8 375.7 55.7 23.4 69.2 27.9 32.0 10.7 19.5 11.8 25.0 13.9 10.7 29.1 4.6 8.4 0.3 4.8 3.6 15.4 5.6 7.2 9.0 790.1 2005 21.4 6.3 400.1 56.6 23.9 69.2 29.0 32.2 10.8 20.2 12.0 27.5 12.7 11.2 30.6 4.7 8.0 0.3 5.1 3.6 16.1 5.5 7.5 8.4 822.7 2006 19.4 9.4 419.3 56.0 23.4 68.9 29.3 28.5 10.6 19.1 11.5 31.8 11.8 11.6 31.3 4.3 7.6 0.3 5.6 4.1 16.5 5.6 7.7 6.6 840.3 2005–2006 Change Percent 2.0 3.1 19.3 0.5 0.5 0.3 0.3 3.7 0.1 1.1 0.5 4.3 0.9 0.4 0.7 0.3 0.5 0.0 0.5 0.5 0.4 0.1 0.2 1.7 17.6 9.6% 49.0% 4.8% 0.9% 2.0% 0.5% 1.2% 11.5% 1.1% 5.5% 4.4% 15.7% 6.7% 3.9% 2.1% 7.2% 5.6% 1.7% 9.9% 13.7% 2.4% 2.4% 2.8% 20.8% 2.1% Average 2001–2006 0.1% 13.0% 6.7% 6.9% 3.2% 5.0% 16.0% 0.1% 0.7% 0.8% 0.7% 9.4% 4.1% 2.4% 6.9% 1.6% 0.7% 4.6% 7.1% 8.2% 2.9% 4.8% 4.9% 4.0% 5.5% Cumulative 2001–2006 0.7% 84.5% 38.6% 39.8% 17.1% 27.5% 109.7% 0.5% 3.7% 3.9% 3.6% 56.4% 18.8% 12.7% 39.8% 7.6% 3.4% 25.5% 41.0% 48.1% 15.5% 26.5% 27.3% 18.4% 30.5% 2001 19.2 5.1 302.5 40.1 20.0 54.0 14.0 28.4 10.3 18.4 11.9 20.3 14.6 10.3 22.4 4.7 7.8 0.3 4.0 2.8 14.3 4.4 6.0 8.1 643.8 2002 20.1 5.4 327.8 48.5 20.9 59.5 15.7 29.4 10.5 18.6 12.1 21.7 12.8 10.5 23.8 4.5 7.9 0.3 4.3 3.0 14.8 4.8 6.4 7.7 691.0 2003 21.7 5.6 365.3 53.1 22.0 65.7 21.9 30.1 10.5 19.0 11.8 22.8 13.5 10.7 26.4 4.6 8.1 0.3 4.6 3.4 15.3 5.3 6.7 10.0 758.5 345 346 Table S–4. Discretionary Proposals By Appropriations Subcommittee (Net budget authority in billions of dollars) Appropriations Subcommittee Agriculture and Rural Development ................................................................ Commerce, Justice, State and the Judiciary................................................ Defense ..................................................................................................................... District of Columbia ............................................................................................... Energy and Water Development....................................................................... Foreign Operations ................................................................................................ Homeland Security ................................................................................................ Interior and Related Agencies ........................................................................... Labor, Health and Human Services, and Education ................................. Legislative Branch.................................................................................................. Military Construction ............................................................................................. Transportation, Treasury, and General Government ................................. Veterans Affairs, Housing and Urban Development .................................. Allowances ............................................................................................................... Total, excluding supplemental and emergency funding *$500 million or less. ............ 2004 Actual 17.8 39.2 366.4 0.5 27.4 17.5 27.9 20.2 140.9 3.5 9.4 27.7 91.6 — 790.1 2006 2005 Change Request 2005–2006 Enacted 18.3 40.8 390.4 0.6 28.3 19.5 29.0 20.2 142.4 3.5 10.0 26.3 93.5 — 822.7 16.9 44.1 407.6 0.6 27.2 22.8 29.3 19.7 141.0 4.0 12.1 25.0 90.5 0.4 840.3 1.4 3.2 17.3 * 1.0 3.3 0.3 0.5 1.4 0.5 2.0 1.4 3.0 0.4 17.6 SUMMARY TABLES THE BUDGET FOR FISCAL YEAR 2006 Table S–5. Homeland Security Funding By Agency (Budget authority in millions of dollars) 2004 Actual Homeland Security Funding: Department of Agriculture .......................................................................................................... Department of Commerce .......................................................................................................... Department of Defense-Military (DOD) ................................................................................. Department of Energy ................................................................................................................. Department of Health and Human Services........................................................................ Department of Homeland Security.......................................................................................... Department of the Interior .......................................................................................................... Department of Justice .................................................................................................................. Department of State ..................................................................................................................... Department of Transportation ................................................................................................... Department of the Treasury ....................................................................................................... Department of Veterans Affairs ................................................................................................ Corps of Engineers ....................................................................................................................... Environmental Protection Agency ........................................................................................... General Services Administration ............................................................................................. National Aeronautics and Space Administration ................................................................ National Science Foundation .................................................................................................... Smithsonian Institution ................................................................................................................ Social Security Administration .................................................................................................. Other Agencies............................................................................................................................... Total, Homeland Security Funding, excluding Project BioShield 1 ...................... Less, Department of Defense-Military (DOD) ..................................................................... Total, Homeland Security Funding, excluding DOD and Project BioShield ...... Less, Mandatory Homeland Security Funding 2 ............................................................... Less, Discretionary Fee-Funded Activities 3 ...................................................................... Net Non-DOD Discretionary Homeland Security, excluding Project BioShield Plus, Department of Homeland Security Project BioShield ........................................... Net Non-DOD Discretionary Homeland Security, including Project BioShield 1 2 3 2005 2006 Enacted Request 600 167 8,570 1,562 4,230 24,871 65 2,678 824 182 101 280 89 107 65 218 342 75 159 813 45,998 8,570 37,428 2,225 3,941 31,262 2,508 33,770 704 183 9,513 1,666 4,407 27,331 57 3,104 938 192 111 299 72 184 80 205 344 87 178 288 49,943 9,513 40,430 2,302 5,890 32,238 — 32,238 411 125 7,024 1,364 4,062 22,834 83 2,165 696 284 90 271 102 131 79 207 340 78 143 239 40,728 7,024 33,704 1,940 3,289 28,475 885 29,360 Excludes $107 million in supplemental appropriations in 2004 and $16 million in supplemental appropriations in 2005. Mandatory homeland security programs include Agriculture Quarantine and Inspections, Border Protection, and Immigration Enforcement. Discretionary fee-funded homeland security programs include Visa Processing, Airport Security, and Social Security physical and computer security measures. 347 348 Table S–6. Mandatory Proposals (In millions of dollars) Total 2006–2010 2006–2015 2005 Programmatic Reforms: Agriculture: Commodity Credit Corporation: Limit Loan Deficiency Payments to historical production........................................................................ Tighten payment limits .................................................... Cut Crop Payments by 5 percent ................................ Sugar marketing assessment 1.2 percent ............... Tilt adjustment requirement........................................... Extend Milk Income Loss Compensation ................. Crop insurance coverage change.................................... Forest Service: Facilities working capital fund ....................................... Enhanced facilities disposal authority ....................... Limit Food Stamp categorical eligibility ......................... Allow State Food Stamp Agencies to use the National Directory of New Hires (NDNH) ................. Subtotal, Agriculture .................................................... Education: Reform the Federal Student Aid Programs: Payoff Pell Shortfall (non-add BA only) .................... Increase the Pell Grant Maximum Award by $500 over Five Years .............................................................. Increase Borrowing Limits and Other Benefits to Students ........................................................................... Recall Federal Perkins Loan Revolving Funds ...... Increase Lender Risk Sharing and Improve Program Efficiency ....................................................... Adjust Guaranty Agency Reinsurance and Default Retention Rates ............................................................ Reform Federal Consolidation Loans ........................ Extend the Taxpayer-Teacher Extension Act .......... Other Student Loan Reforms........................................ Subtotal, Education ...................................................... 2006 2007 2008 2009 2010 — — — — — — — — — — — — 432 200 383 42 130 600 — 5 9 57 — 658 509 190 629 43 80 600 140 1 — 113 2 1,107 106 175 468 43 50 — 140 1 — 112 2 1,097 4 150 351 43 50 — 140 — 5 111 2 856 2 130 309 43 50 — 140 — — 114 2 790 1,053 845 2,140 214 360 1,200 560 7 14 507 8 4,508 1,054 1,200 3,641 437 610 1,200 1,260 7 14 1,124 18 8,165 — — — — — — — — 557 557 (4,301) 101 221 580 171 43 269 254 178 1,172 — 509 660 642 601 116 610 411 790 2,001 — 915 762 675 785 152 544 449 824 1,752 — 1,321 811 735 838 168 484 459 783 1,337 — 1,734 866 697 902 187 503 485 811 986 (4,301) 4,580 3,320 3,329 3,297 666 2,410 2,058 3,386 7,248 (4,301) 14,959 7,658 5,987 SUMMARY TABLES 8,749 1,788 3,769 4,945 8,043 10,667 THE BUDGET FOR FISCAL YEAR 2006 Table S–6. Mandatory Proposals—Continued (In millions of dollars) Total 2006–2010 2006–2015 2005 Energy: Allow Power Marketing Administrations to Charge up to Market Rates ........................................................... Bonneville Power Administration borrowing authority ................................................................................ Subtotal, Energy ................................................................ Health and Human Services: Medicaid and State Children’s Health Insurance Program Proposals ........................................................... State grants and demonstrations ..................................... Temporary Assistance for Needy Families Reauthorization.................................................................. Child Support Enforcement: Increase Collections and Improve Program Effectiveness .......................... Healthy Marriage and Fatherhood Initiative ................. State-Based Abstinence Grants ....................................... Foster Care Clarify Statutory Eligibility Definition ...... Foster Care Modify DC FMAP Rate ............................... Child Welfare Program Option .......................................... Subtotal, Health and Human Services ...................... Housing and Urban Development: Repeal Federal Housing Administration’s General and Special Risk Insurance Authorities .................... Interior: Southern Nevada Land Sales ........................................... Arctic National Wildlife Refuge, lease bonuses: State of Alaska’s share: Receipts ........................................................................... Expenditures .................................................................. Federal share: Receipts ........................................................................... Royalties Conservation Fund Outlays ................... Pick-Sloan Project Cost Repayment .............................. 2006 2007 2008 2009 2010 — — — 40 — 40 157 — 157 446 — 446 1,145 — 1,145 1,406 140 1,266 3,194 140 3,054 12,434 200 12,234 225 — 100 — 71 9 — — — 263 1,112 400 277 63 21 30 72 7 7 1,677 1,549 500 329 1 37 46 74 7 67 636 3,699 594 352 54 23 50 77 8 135 2,560 4,214 605 361 31 40 50 79 8 3 3,195 4,417 618 357 32 40 50 81 8 164 3,557 12,767 2,717 1,676 55 119 226 383 38 48 8,271 44,637 5,000 3,450 122 319 476 834 85 49 35,970 — — 60 227 100 418 100 636 100 641 100 642 460 2,564 960 5,783 — — — — — — — — — 33 1,201 1,201 1,201 — 33 1 1 1 — 31 101 101 101 — 31 1 1 1 — 29 1,304 1,304 1,304 — 157 1,588 1,588 1,588 115 299 349 350 Table S–6. Mandatory Proposals—Continued (In millions of dollars) Total 2006–2010 2006–2015 2005 Eliminate Bureau of Land Management Range Improvements Fund ......................................................... Subtotal, Interior............................................................ Labor: Pension Benefit Guaranty Corporation Reform .......... Unemployment Insurance Integrity ................................. Unemployment Insurance Overpayment Recoveries ........................................................................... Federal Employees’ Compensation Act Reforms ...... Subtotal, Labor................................................................... Treasury: Continued Dumping and Subsidy Offset repeal ......... Eliminate 10–year Statute-of-Limitations on Non-Tax Debt ...................................................................... Extend the Rum-Carryover for Puerto Rico ................. Subtotal, Treasury ............................................................. Federal Communications Commission (FCC): Extend Spectrum Auction Authority ................................ Close Telecommunications Development Fund ......... Subtotal, FCC ..................................................................... Federal Deposit Insurance Corporation: Merge Bank Insurance Fund and Savings Association Insurance Fund .......................................... Social Security Administration (SSA): Supplemental Security Income (SSI) Pre-Effectuation Reviews and Other Technical Adjustments .................................................... Extend SSI Eligibility to Refugees and Asylees to Eight Years after Entry ............................................... Subtotal, SSA................................................................. Total, Programmatic Reforms ................................. 2006 2007 2008 2009 2010 — — — — — — — — — — — — — — 7 267 2,195 — 281 6 2,482 1,608 11 56 1,563 — 2 2 10 1,662 3,702 65 282 12 4,061 1,615 6 19 1,602 — 2 2 10 678 3,495 134 284 20 3,933 1,624 6 — 1,630 1,083 3 1,080 10 783 3,226 141 288 17 3,672 855 6 — 861 2,156 3 2,159 10 682 2,916 148 288 17 3,369 865 6 — 871 3,239 4 3,243 47 4,072 15,534 488 1,423 72 17,517 6,567 35 75 6,527 4,312 14 4,326 97 7,652 26,521 1,341 3,082 172 31,116 11,035 65 75 11,025 5,112 34 5,146 — — — 1 377 855 1,231 1,063 SUMMARY TABLES — — — 820 4 65 61 4,506 18 77 59 11,269 40 84 44 11,073 64 — 64 13,795 92 — 92 14,101 218 226 8 54,744 1,133 226 907 122,779 THE BUDGET FOR FISCAL YEAR 2006 Table S–6. Mandatory Proposals—Continued (In millions of dollars) Total 2006–2010 2006–2015 2005 User Fee Proposals: Agriculture: Animal Plant and Health Inspection Service * ............ Food Safety and Inspection Service * ............................ Grain Inspection, Packers and Stockyards Administration * .................................................................. Agricultural Marketing Service Standardization * ...... Justice: Bureau of Alcohol, Tobacco, Firearms and Explosives’ Explosives Regulation * .......................... Transportation: St. Lawrence Seaway Development Corporation * ... Treasury: Tax and Trade Bureau Regulatory Activity * ................ Veterans Affairs: Annual Medical Fees for higher income veterans with non-service-connected disabilities * ................. Drug Copay Increase * ........................................................ Total Medical Services (illustrative discretionary spending authority—non-add) ..................................... Environment Protection Agency: Premanufacture Notification Fee Cap Removal * ...... Pesticide Tolerance * ............................................................ Pesticide Registration * ....................................................... Federal Communications Commission: Authorize Spectrum License Fees .................................. Analog Spectrum Lease Fees .......................................... Total, User Fees ............................................................. 2006 2007 2008 2009 2010 — — — — 11 139 25 3 11 142 26 3 11 145 26 3 12 148 27 3 12 151 27 3 57 725 131 15 121 1,529 276 30 — — — 120 8 29 120 17 29 120 17 29 120 17 29 120 17 29 600 76 145 1,200 170 297 — — — — — — — — — 248 176 (424) 4 20 26 — — 809 5,315 248 178 (426) 8 20 27 50 500 1,379 248 180 (428) 8 21 27 150 500 1,485 248 181 (429) 8 21 28 300 480 1,622 248 183 (431) 8 22 28 300 450 1,598 1,240 898 (2,138) 36 104 136 800 1,930 6,893 2,480 1,842 (4,322) 76 221 288 3,125 2,580 14,235 Total, Programmatic Reforms and User Fee Proposals ............................................................................... 820 12,648 12,558 15,417 15,699 61,637 137,014 351 352 Table S–6. Mandatory Proposals—Continued (In millions of dollars) Total 2006–2010 2006–2015 24,190 622 265 23,303 69,138 1,569 670 66,899 2005 Outlay Effects of Tax Proposals: 1 Health tax credits ....................................................................... Earned income tax credit ........................................................ Child tax credit ............................................................................ Total, Outlay effects of tax proposals ............................. User Fee Proposals with Mandatory Spending: Immigration Examination Fees.............................................. Increase Indian Gaming Commission Fees 1 .................. Foreign Labor Certification User Fees ............................... Army Corps of Engineers: Additional Recreation User Fees and Contributions. Total, User fee proposals with mandatory spending .......................................................................... Other Mandatory Proposals: Black Lung Disability Trust Fund debt refinancing: Black Lung Disability Trust Fund ...................................... Interest receipts on repayable advances ...................... Use Escrow Account for USPS Retiree Health Benefits: On-budget effect .................................................................... Off-budget effect .................................................................... Unified budget effect ........................................................ 2006 2007 2008 2009 2010 — — — — 99 81 34 16 3,757 105 45 3,607 5,762 118 50 5,594 6,934 137 59 6,738 7,638 181 77 7,380 — — — — — 6 — — 9 15 — 4 — 9 5 — 4 — 1 3 — 5 — — 5 — 5 — — 5 6 18 — 19 7 6 43 — 19 18 — — 3,343 3,343 459 459 452 452 448 448 449 449 1,535 1,535 1,419 1,419 — — — 3,081 3,081 — 3,398 3,398 — 3,716 3,716 — 3,888 3,888 — 4,174 4,174 — 18,257 18,257 — 43,238 43,238 — SUMMARY TABLES THE BUDGET FOR FISCAL YEAR 2006 Table S–6. Mandatory Proposals—Continued (In millions of dollars) Total 2006–2010 2006–2015 505 — 159 346 38,687 1,326 — 334 992 71,089 2005 Full-time School Attendance Required for Child’s Social Security Benefits at Age 16 (off-budget) ......... Correct trust accounting deficiencies in individual Indian money investments (non-paygo) ........................ Third scorecard effects............................................................. Total, Other mandatory proposals............................... Grand Total (including outlay costs of tax proposals) .......................................................................................................... 2006 2007 2008 2009 2010 — 6 — 6 826 10 — 31 21 5,325 75 — 31 44 9,090 135 — 32 103 7,064 140 — 32 108 8,782 145 — 33 112 8,426 Memorandum: Paygo .............................................................................................. Non-Paygo .................................................................................... 820 6 5,346 21 9,046 44 6,961 103 8,674 108 8,314 112 38,341 346 70,097 992 * The Administration will work with the Congress to reclassify the enacted fees as discretionary beginning in 2007. Once reclassified, the Administration proposes to offset these fees against discretionary spending. Discretionary totals in those years will be reduced by these fees. 1 Affects both receipts and outlays. Only the outlay effect is shown here. 353 354 Table S–7. Effect of Proposals on Receipts (In millions of dollars) Total 2006–2010 2006–2015 2005 Make Permanent Certain Tax Cuts Enacted in 2001 and 2003 (assumed in the baseline): Dividends tax rate structure ............................................... Capital gains tax rate structure......................................... Expensing for small business............................................ Marginal individual income tax rate reductions .......... Child tax credit 1 ................................................................... Marriage penalty relief 2 ..................................................... Education incentives ............................................................ Repeal of estate and generation-skipping transfer taxes, and modification of gift taxes ........................... Modifications of pension plans ......................................... Other incentives for families and children ..................... Total make permanent certain tax cuts enacted in 2001 and 2003................................ Tax Incentives: Simplify and encourage saving: Expand tax-free savings opportunities .......................... Consolidate employer-based savings accounts ......... Establish Individual Development Accounts (IDAs) .. Total simplify and encourage saving...................... Invest in health care: Provide a refundable tax credit for the purchase of health insurance 3 ............................................................ Provide an above-the-line deduction for high-deductible insurance premiums ......................... Provide a refundable tax credit for contributions of small employers to employee HSAs 4 ...................... Improve the Health Coverage Tax Credit 5 ................. Allow the orphan drug tax credit for certain pre-designation expenses .............................................. Total invest in health care .......................................... 2006 2007 2008 2009 2010 309 — — — — — — 4 — — 313 509 — — — — — — 557 — — 48 547 — — — — — — 910 — — 363 537 5,268 3,402 — — — — 1,514 — — 9,647 16,725 7,473 5,417 — — — — 1,847 — — 31,462 568 5,076 4,073 — — — 3 2,192 — 5 11,901 15,700 17,817 12,892 — — — 3 7,020 — 5 53,421 102,905 59,016 21,897 502,228 96,777 36,029 8,687 256,057 2,323 3,594 1,089,513 — — — — 3,709 224 — 3,485 7,151 335 134 6,682 4,069 357 286 3,426 1,693 382 326 985 199 411 300 512 16,821 1,709 1,046 14,066 1,461 14,816 1,763 15,118 — — — — — — 19 200 61 — — 280 1,435 2,029 304 3 — 3,771 1,543 2,316 834 4 — 4,697 1,370 2,636 1,545 5 — 5,556 1,241 2,876 2,025 5 — 6,147 5,608 10,057 4,769 17 1 20,452 9,897 28,495 17,760 49 3 56,204 SUMMARY TABLES THE BUDGET FOR FISCAL YEAR 2006 Table S–7. Effect of Proposals on Receipts—Continued (In millions of dollars) Total 2006–2010 2006–2015 2005 Provide incentives for charitable giving: Permit tax-free withdrawals from IRAs for charitable contributions........................................................................ Expand and increase the enhanced charitable deduction for contributions of food inventory .......... Reform excise tax based on investment income of private foundations ........................................................... Modify tax on unrelated business taxable income of charitable remainder trusts ............................................ Modify basis adjustment to stock of S corporations contributing appreciated property ............................... Repeal the $150 million limitation on qualified 501(c)(3) bonds ................................................................. Repeal certain restrictions on the use of qualified 501(c)(3) bonds for residential rental property ....... Total provide incentives for charitable giving ...... Strengthen education: Extend, increase, and expand the above-the-line deduction for qualified out-of-pocket classroom expenses .............................................................................. Encourage telecommuting: Exclude from income the value of employer-provided computers, software, and peripherals ....................... Provide assistance to distressed areas: Establish Opportunity Zones ............................................. Provide disaster relief: Provide tax relief for FEMA hazard mitigation assistance programs ........................................................ Increase housing opportunities: Provide tax credit for developers of affordable single-family housing ....................................................... 2006 2007 2008 2009 2010 70 42 — 6 4 3 — 125 335 87 148 5 20 6 2 603 318 96 98 6 21 10 5 554 318 106 105 6 25 11 9 580 313 116 111 6 28 10 16 600 304 127 119 7 32 10 24 623 1,588 532 581 30 126 47 56 2,960 3,095 1,388 1,321 69 354 92 278 6,597 — 27 267 279 282 285 1,140 2,630 — — 29 433 50 806 50 853 55 899 65 912 249 3,903 767 9,594 20 40 40 40 40 40 200 400 — 7 84 342 815 1,425 2,673 17,370 355 356 Table S–7. Effect of Proposals on Receipts—Continued (In millions of dollars) Total 2006–2010 2006–2015 2005 Protect the environment: Extend permanently expensing of brownfields remediation costs .............................................................. Exclude 50 percent of gains from the sale of property for conservation purposes ........................... Total protect the environment ................................... Increase energy production and promote energy conservation: Extend the tax credit for producing electricity from wind, biomass, and landfill gas and modify the tax credit for electricity from biomass ............................... Provide tax credit for residential solar energy systems................................................................................. Modify treatment of nuclear decommissioning funds Provide tax credit for purchase of certain hybrid and fuel cell vehicles 6 ............................................................ Provide tax credit for combined heat and power property ................................................................................ Total increase energy production and promote energy conservation................................................ Restructure assistance to New York City: Provide tax incentives for transportation infrastructure ....................................................................... Repeal certain New York City Liberty Zone incentives ............................................................................. Total restructure assistance to New York City .... Total tax incentives .............................................. Simplify the Tax Laws for Families: Simplify adoption tax benefits................................................ Clarify eligibility of siblings and other family members for child related tax benefits 7 .......................................... Total simplify the tax laws for families ........................ 2006 2007 2008 2009 2010 — — — 138 47 185 215 92 307 203 105 308 195 60 255 184 — 184 935 304 1,239 1,743 304 2,047 48 5 47 13 17 130 144 11 166 260 109 690 321 19 162 447 84 1,033 260 24 170 614 105 1,173 160 34 177 680 114 1,165 163 16 183 23 36 421 1,048 104 858 2,024 448 4,482 1,779 104 1,881 2,532 394 6,690 — — — 275 200 200 — 1,191 200 200 — 230 200 200 — 4,896 200 200 — 8,682 200 200 — 10,614 1,000 1,000 — 23,232 2,000 2,000 — 117,417 SUMMARY TABLES — 11 11 4 51 47 40 78 38 42 77 35 43 60 17 45 40 5 174 306 132 426 536 110 THE BUDGET FOR FISCAL YEAR 2006 Table S–7. Effect of Proposals on Receipts—Continued (In millions of dollars) Total 2006–2010 2006–2015 2005 Strengthen the Employer-Based Pension System: Ensure fair treatment of older workers in cash balance conversions and protect defined benefit plans ........... Strengthen funding for single-employer pension plans Reflect market interest rates in lump sum payments .... Total strengthen the employer-based pension system .............................................................................. Close Loopholes and Improve Tax Compliance: Combat abusive foreign tax credit transactions .............. Modify the active trade or business test ............................ Impose penalties on charities that fail to enforce conservation easements ..................................................... Eliminate the special exclusion from unrelated business taxable income for gain or loss on the sale or exchange of certain brownfields ................................. Apply an excise tax to amounts received under certain life insurance contracts ........................................................ Limit related party interest deductions ............................... Clarify and simplify qualified tuition programs ................. Total close loopholes and improve tax compliance Tax Administration, Unemployment Insurance, and Other: Improve tax administration: Implement IRS administrative reforms and initiate cost saving measures 8 ................................................. Strengthen financial integrity of unemployment insurance: Strengthen the financial integrity of the unemployment insurance system by reducing improper benefit payments and tax avoidance 6 ... 2006 2007 2008 2009 2010 — — — — 57 151 — 208 62 1,432 3 1,491 78 869 8 799 92 2,699 15 2,622 104 1,762 20 1,678 393 3,747 46 3,400 1,096 12,735 241 11,880 1 2 3 2 6 8 2 8 8 2 8 8 2 8 9 3 8 9 11 38 42 26 87 96 1 2 74 — 83 4 7 128 4 159 12 12 134 12 188 23 17 141 13 212 37 23 148 14 241 49 28 155 20 272 125 87 706 63 1,072 242 323 1,607 222 2,603 — — — — — — — — — — 6 6 129 530 659 2,856 357 358 Table S–7. Effect of Proposals on Receipts—Continued (In millions of dollars) Total 2006–2010 2006–2015 — 5 525 — 18 641 152 43 2,965 2005 Other proposals: Modify pesticide registration fee....................................... Increase Indian gaming activity fees .............................. Total tax administration, unemployment insurance, and other.......................................................................... Reauthorize Funding for the Highway Trust Fund: Extend excise taxes deposited in the Highway Trust Fund 6 ........................................................................................ Allow tax-exempt financing for private highway projects and rail-truck transfer facilities ......................... Total reauthorize funding for the Highway Trust Fund .................................................................................. Promote Trade: Implement free trade agreements with Bahrain, Panama and the Dominican Republic 6 .................... Extend Expiring Provisions: Research & Experimentation (R&E) tax credit ........... Combined work opportunity/welfare-to-work tax credit ...................................................................................... First-time homebuyer credit for DC ................................. Authority to issue Qualified Zone Academy Bonds ... Deduction for corporate donations of computer technology ........................................................................... Disclosure of tax return information related to terrorist activity 8 ............................................................... LUST Trust Fund taxes 6 .................................................... Abandoned mine reclamation fees.................................. Excise tax on coal 6 .............................................................. Total extend expiring provisions .............................. 2006 2007 2008 2009 2010 — — — — — — — 4 10 — 4 2 — 5 124 — 5 5 10 22 12 11 47 36 11 75 64 11 92 81 11 97 86 54 333 279 65 601 536 — 56 84 91 97 102 430 976 — — — — — — 74 — — 74 2,097 131 1 3 73 — 152 304 — 1,849 4,601 166 18 8 49 — 77 312 — 4,453 5,944 65 — 13 — — — 318 — 5,704 6,889 16 — 18 — — — 322 — 6,601 7,669 5 — 20 — — — 323 — 7,371 27,200 383 19 62 122 — 229 1,579 — 25,978 76,225 383 19 162 122 SUMMARY TABLES — 229 3,230 479 72,973 THE BUDGET FOR FISCAL YEAR 2006 Table S–7. Effect of Proposals on Receipts—Continued (In millions of dollars) Total 2006–2010 2006–2015 106,177 52,756 1,293,547 204,034 2005 Total budget proposals, including proposals assumed in the baseline ................................................ Total budget proposals, excluding proposals assumed in the baseline ................................................ 1 2 3 4 5 6 7 8 2006 2007 2008 2009 2010 201 112 360 312 3,439 3,076 20,956 11,309 49,411 17,949 32,010 20,109 Affects both receipts and outlays. Only the receipt effect is shown here. The outlay effect is $37,319 million for 2006–2015. Affects both receipts and outlays. Only the receipt effect is shown here. The outlay effect is $7,491 million for 2006–2015. Affects both receipts and outlays. Only the receipt effect is shown here. The outlay effect is $78 million for 2006, $3,660 million for 2007, $5,514 million for 2008, $6,529 million for 2009, $7,035 million for 2010, $22,816 million for 2006–2010 and $64,078 million for 2006–2015. Affects both receipts and outlays. Only the receipt effect is shown here. The outlay effect is $18 million for 2006, $87 million for 2007, $237 million for 2008, $392 million for 2009, $589 million for 2010, $1,323 million for 2006–2010 and $4,930 million for 2006–2015. Affects both receipts and outlays. Only the receipt effect is shown here. The outlay effect is $3 million for 2006, $10 million for 2007, $11 million for 2008, $13 million for 2009, $14 million for 2010, $51 million for 2006–2010 and $130 million for 2006–2015. Net of income offsets. Affects both receipts and outlays. Only the receipt effect is shown here. The outlay effect is -$115 million for 2006, -$150 million for 2007, -$168 million for 2008, -$196 million for 2009, -$258 million for 2010, -$887 million for 2006–2010 and -$2,239 million for 2006–2015. No net budgetary impact. 359 360 Table S–8. Receipts By Source—Summary (In billions of dollars) 2004 Actual Estimate 2005 2006 2007 2008 2009 2010 Source Individual income taxes............................... 809.0 893.7 966.9 1,071.2 1,167.2 1,245.1 1,353.3 Corporation income taxes .......................... 189.4 226.5 220.3 229.8 243.4 252.4 257.6 Social insurance and retirement receipts ......................................................... 733.4 773.7 818.8 866.2 911.7 959.1 1,016.2 (On-budget) ................................................ (198.7) (212.4) (225.6) (237.0) (247.2) (258.4) (273.0) (Off-budget) ................................................ (534.7) (561.4) (593.2) (629.2) (664.6) (700.7) (743.2) Excise taxes .................................................... 69.9 74.0 75.6 77.2 79.0 81.0 82.9 Estate and gift taxes .................................... 24.8 23.8 26.1 23.5 24.3 26.0 20.1 21.1 24.7 28.3 30.6 31.9 33.9 35.3 Customs duties .............................................. Miscellaneous receipts................................ 32.6 36.4 41.6 45.6 49.5 52.6 55.4 Total receipts .......................................... 1,880.1 2,052.8 2,177.6 2,344.2 2,507.0 2,650.0 2,820.9 (On-budget) ............................................ (1,345.3) (1,491.5) (1,584.4) (1,715.0) (1,842.4) (1,949.3) (2,077.7) (Off-budget) ............................................ (534.7) (561.4) (593.2) (629.2) (664.6) (700.7) (743.2) SUMMARY TABLES THE BUDGET FOR FISCAL YEAR 2006 Table S–9. Comparison of Economic Assumptions (Calendar years) Projections 2005 2006 2007 2008 2009 2010 Average 2005–2010 GDP (billions of current dollars): 2006 Budget ........................................................... 12,392 13,083 13,797 14,537 15,306 16,112 CBO January.......................................................... 12,396 13,059 13,766 14,486 15,210 15,940 Blue Chip Consensus January 1 .................... 12,398 13,066 13,763 14,496 15,265 16,098 Real GDP (chain-weighted): 2 2006 Budget ........................................................... 3.6 3.5 3.3 3.2 3.1 3.1 CBO January.......................................................... 3.8 3.7 3.7 3.4 3.1 2.9 Blue Chip Consensus January 1 .................... 3.6 3.4 3.2 3.2 3.1 3.3 Chain-weighted GDP Price Index: 2 2006 Budget ........................................................... 1.9 2.0 2.1 2.1 2.1 2.1 CBO January.......................................................... 1.8 1.5 1.7 1.8 1.8 1.8 Blue Chip Consensus January 1 .................... 2.0 2.0 2.1 2.1 2.1 2.1 Consumer Price Index (all-urban): 2 2006 Budget ........................................................... 2.4 2.3 2.4 2.4 2.4 2.4 CBO January.......................................................... 2.4 1.9 2.1 2.2 2.2 2.2 Blue Chip Consensus January 1 .................... 2.5 2.3 2.4 2.4 2.4 2.4 Unemployment rate: 3 2006 Budget ........................................................... 5.3 5.2 5.1 5.1 5.1 5.1 CBO January.......................................................... 5.2 5.2 5.2 5.2 5.2 5.2 Blue Chip Consensus January 1 .................... 5.3 5.2 5.1 5.1 5.1 5.1 Interest rates: 3 91–day Treasury bills: 2006 Budget ........................................................... 2.7 3.5 3.8 4.0 4.1 4.2 CBO January.......................................................... 2.8 4.0 4.6 4.6 4.6 4.6 Blue Chip Consensus January 1 .................... 3.0 3.8 4.1 4.3 4.2 4.2 10–year Treasury notes: 2006 Budget ........................................................... 4.6 5.2 5.4 5.5 5.6 5.7 CBO January.......................................................... 4.8 5.4 5.5 5.5 5.5 5.5 Blue Chip Consensus January 1 .................... 4.7 5.3 5.6 5.6 5.6 5.6 Sources: Congressional Budget Office; Blue Chip Economic Indicators, Aspen Publishers, Inc. 1 January 2005 Blue Chip Consensus forecast for 2005 and 2006; Blue Chip October 2004 long-run extension for 2007—2010. 2 Year-over-year percent change. 3 Annual averages, percent. 3.3 3.5 3.3 2.0 1.7 2.1 2.4 2.2 2.4 5.2 5.2 5.1 3.7 4.2 3.9 5.3 5.4 5.4 361 362 Table S–10. Budget Summary by Category (In billions of dollars) 2004 Outlays: Discretionary: DOD military........................................... Non-DOD ................................................ Total, Discretionary ......................... Proposed Supplemental......................... Mandatory: Social Security ...................................... Medicare .................................................. Medicaid and SCHIP .......................... Other ......................................................... Total, Mandatory .............................. Net Interest ................................................. Total Outlays ................................................... Receipts............................................................ Deficit ............................................................ On-budget deficit ........................................... Off-budget surplus ........................................ 2005 2006 2007 2008 2009 2010 436 459 895 — 492 265 181 299 1,237 160 2,292 1,880 412 567 155 443 487 930 35 515 290 194 337 1,337 178 2,479 2,053 427 589 162 424 497 922 25 540 340 199 331 1,410 211 2,568 2,178 390 560 170 426 491 917 18 567 381 209 319 1,476 245 2,656 2,344 312 506 194 445 488 932 2 596 407 225 324 1,551 272 2,758 2,507 251 466 215 466 486 952 1 630 433 245 328 1,635 294 2,883 2,650 233 463 230 483 488 971 — 665 460 266 351 1,743 314 3,028 2,821 207 460 252 SUMMARY TABLES THE BUDGET FOR FISCAL YEAR 2006 Table S–11. Current Services Baseline Summary by Category (in billions of dollars) 2004 2005 2006 2007 2008 2009 2010 Discretionary: DOD military .................................................. Homeland security ...................................... Other ................................................................ Total, Discretionary ................................. Mandatory: Social Security .............................................. Medicare ......................................................... Medicaid and SCHIP .................................. Other ................................................................ Total, Mandatory ...................................... Net Interest ......................................................... Total Outlays ...................................................... Receipts............................................................... Surplus/deficit ............................................... On-budget deficit ......................................... Off-budget surplus....................................... 436 25 434 895 492 265 181 299 1,237 160 2,292 1,880 412 567 155 443 30 457 930 515 290 194 337 1,336 177 2,443 2,053 390 552 162 417 33 464 914 540 340 198 337 1,416 209 2,539 2,178 361 534 173 416 34 473 923 567 381 211 327 1,485 242 2,650 2,347 303 500 197 428 34 480 942 596 407 229 327 1,558 269 2,770 2,518 251 469 218 439 35 487 961 630 433 249 333 1,645 291 2,897 2,668 229 462 233 453 36 497 986 666 460 271 355 1,752 310 3,048 2,841 207 462 256 363 364 Table S–12. Impact of Budget Policy (In billions of dollars) Total 2006–2010 1,351 2005 2006 2007 2008 2009 2010 Current Services Baseline Deficit .......... Proposals: Discretionary policy: Department of Defense..................... Homeland security .............................. Other spending .................................... Subtotal, discretionary ........................... Proposed supplemental ........................ Revenue proposals 1 ............................. 390 361 303 251 229 207 — — * * 35 * 1 427 8 1 1 8 26 * 5 390 11 * 16 5 21 7 13 312 18 1 29 10 6 18 14 251 29 2 41 10 5 26 17 233 34 2 52 16 4 30 18 207 99 5 138 34 62 82 68 1,393 Mandatory proposals ............................. 2006 Budget Deficit ..................................... *$500 million or less. Note: Each line includes debt service. 1 Includes outlay impact of revenue proposals. SUMMARY TABLES THE BUDGET FOR FISCAL YEAR 2006 Table S–13. Baseline Adjustments (In billions of dollars) Total 2006–2010 2006–2015 1,364 2005 Budget Enforcement Act Baseline Deficit............................... Extend certain tax provisions: Permanently extend individual income tax rate cuts ...... Permanently extend estate and tax gift changes ............ Extend other provisions of the 2001 and 2003 tax acts 1 .......................................................................................... Subtotal, tax extenders ......................................................... Assume all emergencies are one-time only ........................... Adjust pay factors to more accurately reflect changes in pay costs ................................................................................... Remove special rule for administrative expenses for certain benefit programs........................................................... Debt service related to all changes .......................................... Current Services Baseline Deficit .............................................. 2006 2007 2008 2009 2010 391 369 315 256 213 212 — * * * — — 1 1 * 5 — 1 1 * 9 — 2 8 10 11 — 2 30 31 12 — 2 10 12 13 — 7 46 53 50 502 256 376 1,134 — 2 2 3 3 3 12 — * 390 * * 361 * 1 303 * 1 251 1 1 229 1 1 207 2 3 1,351 *$500 million or less. 1 Table S–7 provides a detailed listing of expiring tax provisions in the baseline. 365 366 Table S–14. Federal Government Financing and Debt (In billions of dollars) Actual 2004 Financing: Unified budget deficit ( ) ....................................................................................... Financing other than the change in debt held by the public: Net purchases ( ) of non-Federal securities by the National Railroad Retirement Investment Trust ............................. Changes in: 1 Treasury operating cash balance ............................................................... Compensating balances 2 ........................................................................... Checks outstanding, etc. 3 .......................................................................... Seigniorage on coins ........................................................................................... Less: Net financing disbursements: Direct loan financing accounts .................................................................... Guaranteed loan financing accounts ........................................................ Total, financing other than the change in debt held by the public ........................................................................................................... Total, requirement to borrow from the public ............................ Change in debt held by the public....................................................................... Changes in Debt Subject to Limitation: Change in debt held by the public....................................................................... Change in debt held by Government accounts .............................................. Change in other factors .......................................................................................... Total, change in debt subject to statutory limitation ................................. Debt Subject to Statutory Limitation, End of Year: Debt issued by Treasury ......................................................................................... Adjustment for discount, premium, and coverage 4 .................................... Total, debt subject to statutory limitation 5 ................................................. Estimate 2005 2006 2007 2008 2009 2010 412 427 390 312 251 233 207 3 1 22 7 1 5 9 30 382 382 1 1 — — 1 9 9 1 426 426 1 — — — 1 13 2 10 400 400 1 — — — 1 20 2 21 333 333 * — — — 1 21 2 22 273 273 * — — — 1 20 3 22 255 255 1 — — — 1 21 3 22 230 230 382 213 1 596 426 251 13 663 400 277 * 676 333 309 1 643 273 326 1 599 255 340 3 598 230 364 2 596 SUMMARY TABLES 7,328 6 7,333 8,005 8 7,997 8,682 8 8,673 9,325 8 9,316 9,924 8 9,915 10,519 6 10,513 11,114 5 11,109 THE BUDGET FOR FISCAL YEAR 2006 Table S–14. Federal Government Financing and Debt—Continued (In billions of dollars) Actual 2004 Debt Outstanding, End of Year: Gross Federal debt: 6 Debt issued by Treasury .................................................................................... Debt issued by other agencies ........................................................................ Total, gross Federal debt ............................................................................... Held by: Debt held by Government accounts .............................................................. Debt held by the public 7 .................................................................................. As a percent of GDP ....................................................................................... Estimate 2005 2006 2007 2008 2009 2010 7,328 27 7,355 3,059 4,296 37.2% 8,005 26 8,031 3,310 4,721 38.6% 8,682 26 8,708 3,587 5,121 39.7% 9,325 26 9,350 3,896 5,454 40.1% 9,924 25 9,949 4,222 5,727 39.9% 10,519 24 10,544 4,562 5,982 39.6% 11,114 24 11,137 4,926 6,212 39.1% * $500 million or less. 1 A decrease in the Treasury operating cash balance or compensating balances (which are assets) is a means of financing a deficit and therefore has a positive sign. An increase in checks outstanding (which is a liability) is also a means of financing a deficit and therefore also has a positive sign. 2 Compensating balances were non-interest bearing Treasury bank deposits that Treasury mainly used to compensate banks for collecting tax and non-tax receipts under financial agency agreements. Most of the balances at the end of 2003 were required to be invested in nonmarketable Depositary Compensation Securities issued by the Treasury; the rest of the balances, and the entire amount in previous years, was invested in the way that the banks decided. The use of compensating balances was discontinued in 2004, and the amounts were drawn down to zero. 3 Besides checks outstanding, includes 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 and compensating balances), other asset accounts, and profit on sale of gold. 4 Consists mainly of Federal Financing Bank debt (which is not subject to limit), 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 $8,184 billion. 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 2004, the Federal Reserve Banks held $700 billion of Federal securities and the rest of the public held $3,595 billion. Debt held by the Federal Reserve Banks is not estimated for future years. 367