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H.R. 2997, 21st Century Aviation Innovation, Reform, and Reauthorization Act 1 (August 15, 2017)

handle is hein.congrec/cbo3718 and id is 1 raw text is: August 15, 2017 CBO ESTIMATE OF DIRECT SPENDING AND REVENUE EFFECTS OF ENACTING H.R. 2997, 21ST CENTURY AVIATION INNOVATION, REFORM, AND REAUTHORIZATION ACT, AS POSTED BY THE HOUSE COMMITTEE ON RULES ON JULY 11, 2017 (g:\VHLC\071117\071117.335.xml) a By Fiscal Year, in Billions of Dollars 2017- 2017- 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2022 2027 INCREASES IN DIRECT SPENDINGb Operators of the AANS Corporation Estimated Budget Authority Estimated Outlays Civil Service Retirement and Health Benefits Estimated Budget Authority Estimated Outlays Airport Improvement Program Estimated Budget Authority Estimated Outlays 0.0 0.0 0.0 0.0 12.6 13.0 13.4 13.8 14.2 14.6 15.1 25.6 96.7 0.0 0.0 0.0 0.0 9.3 11.6 12.7 13.6 14.1 14.5 15.0 20.8 90.7 0.0 0.0 0.0 0.0 0.0 0.0 * * * * * * * * * * * * * * * * * * * * 0.0 0.1 0.1 0.2 0.3 0.4 0.5 0.5 0.5 0.5 0.5 1.1 3.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total Changes Estimated Budget Authority 0.0 0.1 0.1 0.2 12.9 13.4 13.9 14.3 14.7 15.1 15.5 26.8 100.2 Estimated Outlays 0.0 0.0 0.0 * 9.3 11.6 12.7 13.6 14.1 14.5 15.0 20.8 90.7 INCREASES AND DECREASES (-) IN REVENUES Gross Changes in Revenues AANS Corporation Fees for Air Navigation Services 0.0 0.0 0.0 0.0 12.2 12.6 13.0 13.5 14.0 14.5 15.0 24.7 94.6 Temporary Reductions in Aviation-Related Excise Taxes d 0.0 0.0 0.0 0.0 -12.5 -14.1 -14.6 -1.2 0.0 0.0 0.0 -26.6 -42.4 Effects of Extending Reductions in Aviation-Related Excise Taxes 1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -14.0 -15.7 -16.3 -16.9 0.0 -62.8 Offsetting Changes in Income and Payroll Taxes ' 0.0 0.0 0.0 0.0 0.1 0.4 0.4 0.4 0.5 0.5 0.5 0.5 2.8 Total Changes 0.0 0.0 0.0 0.0 -0.3 -1.1 -1.2 -1.2 -1.3 -1.3 -1.4 -1.4 -7.8 NET INCREASE IN THE DEFICIT FROM CHANGES IN DIRECT SPENDING AND REVENUES Impact on Deficit 0.0 0.0 0.0 * 9.5 12.7 13.9 14.8 15.4 15.9 16.4 22.2 98.5 Continued 1

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