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1 H.R. 4318, the Miscellaneous Tariff Bill Act of 2018 [i] (January 16, 2018)

handle is hein.congrec/msctarb0001 and id is 1 raw text is: 






CBO Cost Estimate for H.R. 4318, the Miscellaneous Tariff Bill Act of 2018, with an amendment that strikes

                    all after the  enacting   clause   and  inserts   a new   text (g:\VHLC\011018\011018.179.xml)


(by fiscal year, in millions of dollars)


01/16/2018


                                                                                                                             2018-   2018-
                                        2018     2019    2020     2021    2022     2023    2024     2025    2026     2027    2022     2027

                                                         DECREASES   IN REVENUE

Estimated Revenuesa                      -166    -289     -294     -74       0        0       0        0       0        0     -823    -823


                                                    DECREASES IN   DIRECT   SPENDING
Estimated Budget Authorityb                0        0       0        0       0        0       0        0     -896       0       0     -896
Estimated Outlays                          0        0       0        0       0        0       0        0     -896       0       0     -896


                    INCREASE   OR DECREASE   (-) IN THE DEFICIT FROM   CHANGES   IN REVENUES   AND  DIRECT  SPENDING

Effect on Deficit                        166      289     294       74       0        0       0        0     -896       0     823      -73




Components may not sum to totals because of rounding; CBO assumes the bill will be enacted near the end of January 2018.

a. The bill would temporarily modify certain rates of duties (which are recorded in the budget as revenues) for various products, including chemical compounds, fabrics,
  clothing, machinery, and others. Duties on those products would either be reduced or suspended depending on the specific provision.
b. Section 1665 of the bill would extend the authority to collect certain customs user fees (which are recorded in the budget as reductions in direct spending) by 14 weeks.


JF

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