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1 Response to a Question about CBO's Analysis of Making Specified Policies in the Build Back Better Act Permanent 1 (December 10, 2021)

handle is hein.congrec/cborqan0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Phillip L. Swagel, Director U.S. Congress Washington, DC 20515 December 10, 2021 Honorable Chuck Schumer Majority Leader United States Senate Washington, DC 20510 Re: Response to a Question About CBO's Analysis ofMaking Specified Policies in the Build Back Better Act Permanent Dear Mr. Leader: This letter responds to your question about the effects on the deficit of the potential modifications to H.R. 5376, the Build Back Better Act, that were included in an analysis that the Congressional Budget Office released earlier today.1 The modifications that CBO analyzed were specified by Senator Lindsey Graham and Congressman Jason Smith. The modifications would make various policies permanent rather than temporary, making the deficit larger than the version of the bill that was passed by the House of Representatives would. You inquired whether CBO was asked to analyze any policies that would offset the costs of making various policies permanent. In CBO's estimation, none of the modifications would make the deficit smaller over the 2022- 2031 period, with one small exception.2 1 Congressional Budget Office, letter to the Honorable Lindsey Graham and the Honorable Jason Smith about the budgetary effects of making specified policies in the Build Back Better Act permanent (December 10, 2021), www.cbo.gov/publication/576 73. 2 Making the Health Insurance Affordability Fund permanent rather than ending it after 2025 would result in a deficit that was $1 billion smaller over the period than the one that would result from the House-passed version of the bill. That would happen because making the fund permanent would generate 9 years of savings and 8 years of costs over the 10-year period. In comparison, ending it after 2025 would generate 3 years of savings and 3 years of costs. www.cbo.gov

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