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cost estimate
July 5, 2012
read complete document (pdf, 39 kb)
As posted on the Web site of the House Committee on Agriculture on July 5, 2012.
CBO estimates that enacting this proposal would reduce direct spending by $35.1 billion over the 2013-2022 period, relative to spending projected under CBO’s current baseline. Further details of that estimate are displayed in the three enclosed tables. Because the proposal would affect direct spending, pay-as-you-go procedures apply. Enacting the proposed legislation would not affect federal revenues. CBO has not estimated the additional discretionary spending that would result from implementing the proposal; such spending would be subject to appropriation actions. CBO also has not reviewed the proposal for intergovernmental or private-sector mandates.