About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

Letter to the Honorable Paul Ryan Regarding Federal Spending for Major Mandatory Spending Programs and Tax Credits that are Primarily Means-Tested 1 (March 25, 2014)

handle is hein.congrec/cbo1529 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Douglas W. Elmendorf, Director U.S. Congress Washington, DC 20515 March 25, 2014 Honorable Paul Ryan Chairman Committee on the Budget U.S. House of Representatives Washington DC 20515 Dear Mr. Chairman: As you requested, enclosed are two tables that show federal spending for each of the government's major mandatory spending programs and tax credits that are primarily means-tested (that is, spending programs and tax credits that provide cash payments or assistance in obtaining health care, food, or education to people with relatively low income or few assets). Table 1 shows CBO's baseline projections for the 2014-2024 period; Table 2 shows historical spending data from 2004 through 2013, along with CBO's estimates for 2014. The tables include total spending for mandatory programs that are primarily not means- tested, but they do not include separate entries for individual programs in that group that have means-tested components (for example, student loans and some portions of Medicare, other than low-income subsidies for Part D). They also do not include means- tested programs that are discretionary (for example, the Section 8 housing assistance programs and the Low Income Home Energy Assistance Program). However, the tables show discretionary spending for the Pell Grant program as a memorandum item because that program has both discretionary and mandatory spending components and the amount of the mandatory Pell grant component is partially dependent on the annual amount of discretionary funding. In CBO's latest baseline projections, published in The Budget and Economic Outlook. 2014 to 2024 (February 2014), mandatory outlays for both means-tested and non-means- tested programs are projected to grow over the next decade at an average annual rate of 5.4 percent (see Table 1). Overall, the growth rates projected for total mandatory spending over the coming decade are slower than those experienced in the past 10 years--by about one-half percentage point per year, on average. Uver the 2005-2014 period, CBO estimates that total mandatory outlays will have increased at an average annual rate of 6.0 percent--means- tested programs by an average of 6.8 percent per year and non-means-tested programs by 5.7 percent per year (see Table 2).

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most