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H.R. 1295, Trade Preferences Extension Act of 2015 [i] (June 10, 2015)

handle is hein.congrec/cbo2319 and id is 1 raw text is: June 1, 201S CBO estimate of an amendment to the Senate amendment to H.R. 1295, the Trade Preferences Extension Act of 2015, as posted on the Rules Committee website on June 9, 2015 (by fiscal year, in millions of dollars) 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2015-2020 2015-2025 CHANGES IN DIRECT SPENDING Extend Authority for and Increase Rate of Customs Fees Payee Statement for Education Tax Benefits Eliminate Modification of Medicare sequester' Total, Changes in Direct Spending 0 0 0 0 0 0 -162 -873 -916 -962 -2,948 0 0 -39 -40 0 -5,861 0 0 0 0 0 0 0 -79 -79 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -39 -40 0 0 -162 -873 -916 -962 -2,948 -79 -5,940 CHANGES IN REVENUES Extension of African Growth and Opportunity Act Extension of General System of Preferences Extension of Preferential Duty Treatment for Haiti Duty Treatment for Certain Footwear Shift in Payment of Corporate Estimated Tax Payee Statement for Education Tax Benefits Penalty for Failure to File Certain Returns Total, Changes in Revenues * -121 -130 -238 -284 -298 -312 -329 -345 -365 -387 -1,051 -627 -665 -173 0 0 0 0 0 0 0 0 0 0 0 -12 -17 -75 -97 -101 -106 -112 * -2 -2 -2 -2 -2 -3 -3 -3 0 0 0 0 0 3,781 -3,781 0 0 -3 -3 -10 -25 0 0 3,781 0 0 21 67 54 48 49 50 51 52 52 53 0 5 13 13 14 14 15 15 15 16 16 -1,051 -724 -717 -346 -236 3,527 -4,106 -363 -382 -406 -433 239 497 NET INCREASES OR DECREASES (-) IN DEFICITS Net Changes in Deficits 1,051 724 678 306 236 -3,527 3,944 -510 -534 -556 -2,515 Sources: Congressional Budget Office and the staff of the Joint Committee on Taxation. Notes: Assumes enactment by July 1, 2015; * b hetween -$500,000 and zero. For direct spending, a positive number indicates an increase in outlays; for revenues, a negative number indicates a reduction in revenues. CBO has not estimated the budgetary effects that implementing H.R. 1295 might have on future spending subject to appropriation. Components may not sum to totals because of rounding. 'This provision has no effect on current law because the modificiation of the Medicare sequester (contained in H.R. 1314, the Trade Act of 2015 as passed by the Senate on May 22, 2015) has not been enacted. If H.R. 1314 were enacted before H.R. 1295, direct spending would increase by $700 million in 2025, and the net changes in the deficit would be as follows: Net Changes in Deficits 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2015-2020 2015-2025 1,0S1 724 678 306 236 -3,527 3,944 -510 -534 -S56 -i,81S -532 -3 -532 -703

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