Below are a few excerpts from the Congressional Budget Office’s score of H.R. 4872, the Reconciliation Act of 2010.
- “The Congressional Budget Office (CBO) and the staff of the Joint Committee on
Taxation (JCT) have completed a preliminary estimate of the direct spending and revenue
effects of an amendment in the nature of a substitute to H.R. 4872, the Reconciliation Act
- “…the [CBO] has not thoroughly examined the reconciliation proposal to verify its
consistency with the previous draft. This estimate is therefore preliminary, pending a
review of the language of the reconciliation proposal, as well as further review and
refinement of the budgetary projections.
- “CBO has not completed an estimate of the potential impact of the legislation
on discretionary spending, which would be subject to future appropriation action.” NOTE: Non-defense, non-veterans discretionary spending has risen 85 percent since the Democrats took control of the House of Representatives.
- “CBO has not extrapolated estimates further into the future because the uncertainties
surrounding them are magnified even more.”
- “CBO has not yet completed an assessment of the impact for the longer term of enacting
the reconciliation proposal by itself.”
To view the entire letter, please click here.