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Cost Estimate for Divisions O and P, relating to the Pension Benefit Guaranty Corporation, proposed as an amendment to H.R. 83, the Consolidated and Further Continuing Appropriations Act, 2015 1 (December 10, 2014)

handle is hein.congrec/cbo2033 and id is 1 raw text is: CBO Estimate of the Multiemployer Pension Reform Act of 2014 As posted on the website of the House Committee on Rules on December 9, 2014 (Proposed as Division 0 in an amendment to H.R. 83, the Consolidated and Further Continuing Appropriations Act, 2015) By Fiscal Year, in Millions of Dollars December 10, 2014 2015- 2015- 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2019 2024 CHANGES IN DIRECT SPENDING (Outlays) Total Changes in Direct Spending 0 -108 -111 -113 -149 -296 777 0 0 0 -481 0 CHANGES IN REVENUES Total Changes in Revenues -21 -99 -125 -132 -141 -155 -167 -146 -91 -43 -518 -1,120 On-budget revenues -20 -97 -123 -130 -139 -153 -165 -143 -88 -40 -509 -1,098 Off-budget revenues -1 -2 -2 -2 -2 -2 -2 -3 -3 -3 -9 -22 NET INCREASE OR DECREASE (-) IN THE DEFICIT FROM CHANGES IN DIRECT SPENDING AND REVENUES Net Changes in Deficits 21 -9 14 19 -8 -141 944 146 91 43 37 1,120 On-budget deficit change 20 -11 12 17 -10 -143 942 143 88 40 28 1,098 Off-budget deficit change a 1 2 2 2 2 2 2 3 3 3 9 22 Sources: Congressional Budget Office and the staff of the Joint Committee on Taxation. a. Changes in Social Security payroll taxes are classified as off-budget. Page 1 of 2

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