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Letter from Douglas Holtz-Eakin, Director Congressional Budget Office to Hon. John M. Spratt Jr. regarding potential revenues and spending under the Continued Dumping and Subsidy Offset Act (CDSOA) 1 (March 2005)

handle is hein.congrec/cbo10318 and id is 1 raw text is: CONGRESSIONAL BUDGT OF FICE Douglas Holtz-Eakin, Director U .S. Congress ashington, DC 20515 March 15, 2005 Honorable John M. Spratt Jr. Ranking Member Committee on the Budget U.S. House of Representatives Washington, DC 20515 Dear Congressman: In your letter of February 25, 2005, you asked CBO to respond to several questions raised by Michael R. Wessel regarding our estimates of potential revenues and spending under the Continued Dumping and Subsidy Offset Act (CDSOA), including our assumptions regarding the Canadian softwood lumber dispute. We have included both a summary of the methodology we used to develop our estimates of spending under the CDSOA and responses to the specific concerns cited in Mr. Wessel's letter. CBO's Estimate of Spending Under the CDSOA CBO's current baseline estimates incorporate revenues and spending related to the Canadian softwood lumber dispute in addition to other dumping cases. Over the 2005-2015 period, CBO estimates that collections appearing on the budget and the resulting payments to the U.S. lumber industry related to the softwood lumber dispute will total about $2 billion. For duties related to other trade disputes, we estimate that receipts and spending will sum to about $3.3 billion over this same period. Our baseline projections for the CDSOA program are summarized in the following table. By Fiscal Year, in Millions of Dollars 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Estimated Revenues 800 1,300 800 300 300 300 300 300 300 300 300 Estimated Budget Authority 800 1,300 800 300 300 300 300 300 300 300 300 Estimated Outlays 289 800 1,300 800 300 300 300 300 300 300 300

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