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Letter to the Honorable John M. Spratt Jr. 1 (May 2007)

handle is hein.congrec/cbo8338 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Peter R. Orszag, Director U !S. Congress Washington, DC 20515 May 2, 2007 Honorable John M. Spratt Jr. Chairman Committee on the Budget U.S. House of Representatives Washington, D.C. 20515 Dear Mr. Chairman: This letter responds to your request for information about how the Congressional Budget Office (CBO) reflects anticipated administrative actions in its baseline projections and how it estimates the budgetary impact of legislation directing or prohibiting such actions. In preparing baselines and cost estimates, CBO necessarily and routinely must make assumptions or forecasts about a wide variety of future actions by the Administration-including possible regulations and many other types of actions. For example, CBO's baseline projections reflect assumptions about the timing and extent of oil and gas leasing on the Outer Continental Shelf; payment rates and eligibility requirements for various agriculture programs; the tax rates charged to finance the Universal Service Fund; the timing and structure of auctions of licenses to use portions of the electromagnetic spectrum; the issuance of rules to clarify or limit permissible activities in the Medicaid program; and the setting of prescription drug copayments in the Tricare for Life program of the Defense Department. In those types of cases, it is often not possible to avoid making some forecast or assumption about the Administration's actions. In preparing budget projections, CBO makes its best judgment about what actions are likely to occur, taking into account current law, public statements and documents, information accompanying the President's budget proposals, previous actions by the Administration, informal communication with agency staff, the nature of the considerations that are likely to bear on the Administration's decisions, and other relevant factors. www.cbo.gov

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