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Letter to the Honorable Tom Price Regarding Spending for Means-Tested Programs in CBO's Baseline, 2016-2026 1 (February 16, 2016)

handle is hein.congrec/cbo2747 and id is 1 raw text is: O CONGRESSIONAL BUDGET OFFICE Keith Hall, Director U.S. Congress Washington, DC 20515 February 16, 2016 Honorable Tom Price, M.D. Chairman Committee on the Budget U.S. House of Representatives Washington, DC 20515 Re: Spending for Means-Tested Programs in CBO's Baseline, 2016 2026 Dear Mr. Chairman: As you requested, enclosed are two tables that show federal spending for the government's major mandatory spending programs and tax credits that are primarily means-tested (that is, spending programs and tax credits that provide cash payments or other forms of assistance to people with relatively low income or few assets): Table 1 shows CBO's January 2016 baseline projections for the 2016-2026 period. Table 2 shows historical spending data from 2006 through 2015 along with CBO's estimates for 2016. Each table also includes a line showing total spending for mandatory programs that are not primarily means-tested. (Some of those programs-the student loan programs, for example-have means-tested components, however.) The tables exclude means-tested programs that are discretionary (such as the Section 8 housing assistance programs and the Low Income Home Energy Assistance Program). However, each table shows discretionary spending for the Federal Pell Grant Program as a memorandum item because that program has discretionary and mandatory components and because the amount of the mandatory component depends in part on the amount of discretionary funding. In The Budget and Economic Outlook: 2016 to 2026, which CBO published in January 2016, mandatory outlays for means-tested programs are projected to grow over the next decade at an average annual rate of 4.3 percent, compared with an average rate of 5.5 percent for non-means-tested programs, such as Social Security, most of Medicare, www.cbo.gov

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