About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 1 (March 27, 2020)

handle is hein.congrec/cbovccs0001 and id is 1 raw text is: Congressional Budget Office Cost Estimate March 27, 2020 By Fiscal Year, Piliars of Dalars 2020 20-2025 2020-2030 Direct Spending (Outlays) 0 0 0 Reven ues Inciease or Decrease (o) in te Deficit 0 0 0 0 0 0 H.R. 6168 would increase the amounts paid to veterans for disability compensation and to their survivors for dependency and indemnity compensation by the same cost-of-living adjustment (COLA) that recipients of Social Security receive in 2021. The increase would take effect on December 1, 2020. Relative to current law, CBO estimates that enacting this bill would increase spending for those programs by $2.2 billion in fiscal year 2021. CBO estimates that the COLA effective on December 1, 2020, will be 2.5 percent. (The annualized cost would be about $2.9 billion in subsequent years.) However, section 257 of the Balanced Budget and Emergency Deficit Control Act directs CBO to assume that COLA will occur in CBO's baseline. Because the COLA is assumed in CBO's baseline, authorizing that increase would have no budgetary effect relative to the baseline. The CBO staff contact for this estimate is Logan Smith. The estimate was reviewed by Leo Lex, Deputy Director of Budget Analysis. See also CBO's Cost Estimates Explained, www.cbo.gov/publicationi54437; How CBO Prepares Cost Estimates, www cbo.gov/publication/53519; and Glossary, www cbo~gov/publication/42904.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most