Legislation Enacted in the Second Session of the 117th Congress That Affects Mandatory Spending or Revenues
Report
CBO estimates that the effects on mandatory spending and revenues of laws enacted in 2022 will add about $810 billion to deficits from 2022 to 2032—the net result of a $900 billion increase in outlays and a $90 billion increase in revenues.
This report by the Congressional Budget Office summarizes the agency’s estimates of the effects on mandatory spending or revenues of authorizing legislation passed by both Houses of Congress during the second session of the 117th Congress (which spanned the period from January 3, 2022, to January 3, 2023). As estimated by CBO and the staff of the Joint Committee on Taxation (JCT), the effects of those laws on mandatory spending and revenues will add about $810 billion to the cumulative deficit over the 2022–2032 period—the net result of a $900 billion increase in outlays and a $90 billion increase in revenues.
