As posted on the website of the House Committee on Rules on December 1, 2014
CBO and JCT estimate that enacting H.R. 647 would increase on-budget deficits by $187 million and reduce off-budget deficits by $220 million over the 2015-2024 period. (Effects in the legislation related to Social Security are categorized as “off-budget.”)
In total, enacting H.R. 647 would reduce unified budget deficits by $33 million over the 2015-2024 period. The bill would reduce outlays by $294 million and reduce revenues by $261 million over those 10 years.
CBO estimates that enacting H.R. 647 would increase direct spending by $5 billion in at least one of the four consecutive 10-year periods beginning in 2024.
