Congress
Unemployment Insurance
Date:
December 17, 2010
Who:
Congress
Policy Area:
Fiscal Policy
Action Type:
Direct Spending
Maximum Amount:
$56.51 billion
Deficit Impact:
$56.51 billion The tax cut package included a 13-month extension for unemployment benefits for the long-term unemployed, keeping the maximum number of weeks an individual can continue receiving unemployment benefits at 99 weeks in areas of high unemployment.
Source:
Notes:
Maximum amount and deficit impact represent the peak and net cost of this provision--which are the same--from 2011-2020.
2010 Tax Cut
Who:
Congress
Policy Area:
Fiscal Policy
Economic Target:
Consumers
Economic Target:
Other Business
Action Type:
Direct Spending
Action Type:
Tax Break
Maximum Amount:
$937.44 billion
Deficit Impact:
$857.81 billion With the initial expiration of ther 2001/2003 tax cuts set for December 31, 2010, lawmakers acted to prevent the tax cuts from expiring. The 2001/2003 tax cuts were extended for all taxpayers for two years, beyond the President's initial proposal of extending them only for those earning under $200,000 ($250,000 for couples).
Notes:
Maximum amount represents peak cost of provisions in the ten-year window. Deficit impact represents net impact of the bill from 2011-2020.
Worker, Homeownership, and Business Assistance Act
Date:
November 6, 2009
Who:
Congress
Policy Area:
Fiscal Policy
Economic Target:
Consumers
Economic Target:
Housing
Action Type:
Direct Spending
Action Type:
Tax Break
Maximum Amount:
$48.33 billion
Deficit Impact:
-$0.04 billion The Worker, Homeownership, and Business Assistance Act of 2009 passed in November 2009 included several extenders on provisions under the American Recovery and Reinvestment Act.
Spending Provisions
Who:
Congress
Policy Area:
Sector Policy (Non-Financial)
Economic Target:
Other Business
Action Type:
Direct Spending
Maximum Amount:
$551.00 billion
Amount Spent:
$477.50 billion
Deficit Impact:
$556.00 billion Provisions are part of the $787 billion "American Recovery and Reinvestment Act of 2009," a set of policies designed to mitigate the effects of the economic crisis. The act contains significant spending for direct worker assistance, infrastructure, healthcare, education, aid to states, and other areas.
Notes:
Positive numbers in table indicate spending, negative numbers indicate savings or revenue. Maximum amount is the peak cumulative cost of a provision over the period 2009-2019. Deficit impact is taken from CBO's deficit impact calculation for 2009-2019. Amount Spent as of 9/21/2012 (http://www.recovery.gov/?q=/content/agency-summary&agency_code=75).
*In the Budget and Economic Update in August 2009 (http://cbo.gov/ftpdocs/105xx/doc10521/08-25-BudgetUpdate.pdf), CBO estimated that an additional $2 billion would be made available for Medicaid matches, increasing the maximum amount for Health Care Spending.
In the January 2010 baseline, CBO estimated that the total cost of the bill would total $862 billion, after making several upward revisions (including $21 billion more for unemployment insurance, $34 billion more for food stamps, and $3 billion less for Medicaid state matching).
CBO's August 2010 Budget Update re-estimated the total of ARRA, putting the number at $814 billion.
CBO's January 2011 baseline upped the estimate of ARRA slightly to $821 billion.
Other Spending Provisions
Date:
February 17, 2009
Who:
Congress
Policy Area:
Fiscal Policy
Economic Target:
Other
Action Type:
Direct Spending
Maximum Amount:
$26.00 billion
Amount Spent:
$9.19 billion
Deficit Impact:
$26.00 billion Provisions are part of the $787 billion "American Recovery and Reinvestment Act of 2009," a set of policies designed to mitigate the effects of the economic crisis. The act contains significant spending for direct worker assistance, infrastructure, healthcare, education, aid to states, and other areas, and tax breaks for individuals and corporations.
Notes:
Positive numbers in table indicate spending, negative numbers indicate savings or revenue. Maximum amount is taken from CBO's calculation of budget authority over the 2009-2019 period. Deficit impact is taken from CBO's deficit impact calculation for 2009-2019. Amount spent as of 11/3/2012.
Education
Date:
February 17, 2009
Who:
Congress
Policy Area:
Sector Policy (Non-Financial)
Economic Target:
Other
Action Type:
Direct Spending
Maximum Amount:
$103.00 billion
Amount Spent:
$97.36 billion
Deficit Impact:
$103.00 billion Provisions are part of the $787 billion "American Recovery and Reinvestment Act of 2009," a set of policies designed to mitigate the effects of the economic crisis. The act contains significant spending for direct worker assistance, infrastructure, healthcare, education, aid to states, and other areas, and tax breaks for individuals and corporations.
Notes:
Positive numbers in table indicate spending, negative numbers indicate savings or revenue. Maximum amount is taken from CBO's calculation of budget authority over the 2009-2019 period. Deficit impact is taken from CBO's deficit impact calculation for 2009-2019. Amount spent as of 11/3/2012.
Health Care Spending
Date:
February 17, 2009
Who:
Congress
Policy Area:
Sector Policy (Non-Financial)
Economic Target:
Other Business
Action Type:
Direct Spending
Maximum Amount:
$146.00 billion
Amount Spent:
$114.42 billion
Deficit Impact:
$126.00 billion Provisions are part of the $787 billion "American Recovery and Reinvestment Act of 2009," a set of policies designed to mitigate the effects of the economic crisis. The act contains significant spending for direct worker assistance, infrastructure, healthcare, education, aid to states, and other areas, and tax breaks for individuals and corporations.
Notes:
Positive numbers in table indicate spending, negative numbers indicate savings or revenue. Maximum amount is the peak cumulative cost of a provision over the period 2009-2019. Deficit impact is taken from CBO's deficit impact calculation for 2009-2019. Amount Spent as of 11/3/2012 (http://www.recovery.gov/?q=/content/agency-summary&agency_code=75).
*In the Budget and Economic Update in August 2009 (http://cbo.gov/ftpdocs/105xx/doc10521/08-25-BudgetUpdate.pdf), CBO estimated that an additional $2 billion would be made available for Medicaid matches, increasing the maximum amount for Health Care Spending. However, in the January 2010 baseline (http://www.cbo.gov/ftpdocs/108xx/doc10871/01-26-Outlook.pdf), CBO estimated that total Medicaid matching will be $3 billion lower.
Infrastructure
Date:
February 17, 2009
Who:
Congress
Policy Area:
Fiscal Policy
Economic Target:
Other Business
Action Type:
Direct Spending
Maximum Amount:
$139.00 billion
Amount Spent:
$133.10 billion
Deficit Impact:
$139.00 billion Provisions are part of the $787 billion "American Recovery and Reinvestment Act of 2009," a set of policies designed to mitigate the effects of the economic crisis. The act contains significant spending for direct worker assistance, infrastructure, healthcare, education, aid to states, and other areas, and tax breaks for individuals and corporations.
Notes:
Positive numbers in table indicate spending, negative numbers indicate savings or revenue. Maximum amount is taken from CBO's calculation of budget authority over the 2009-2019 period. Deficit impact is taken from CBO's deficit impact calculation for 2009-2019. Amount spent as of 11/3/2012. Individual provisions may include some smaller specific measures not directly related to infrastructure spending, but these items do not significantly alter total figures.
*In CBO's January 2010 Budget and Economic Outlook, it revised its cost estimates for infrastructure down by $3 billion, bringing the total cost to $139 billion.
Direct Assistance to Individuals
Date:
February 17, 2009
Who:
Congress
Policy Area:
Fiscal Policy
Economic Target:
Consumers
Action Type:
Direct Spending
Maximum Amount:
$134.00 billion
Amount Spent:
$128.56 billion
Deficit Impact:
$134.00 billion Provisions are part of the $787 billion “American Recovery and Reinvestment Act of 2009,” a set of policies designed to mitigate the effects of the economic crisis. The act contains significant spending for direct worker assistance, infrastructure, healthcare, education, aid to states, and other areas, and tax breaks for individuals and corporations.
Notes:
Deficit impact is CBO's estimate of deficit impact for 2009-2019. Amount spent as of 11/3/2012.
*In the Budget and Economic Update in August 2009 (http://cbo.gov/ftpdocs/105xx/doc10521/08-25-BudgetUpdate.pdf), CBO estimated that an additional $7 billion would be made available for unemployment compensation, increasing the maximum amount for Direct Assistance. In the January 2010 baseline (http://www.cbo.gov/ftpdocs/108xx/doc10871/01-26-Outlook.pdf), CBO estimated that an additional $21 billion would be made available for uemployment compensation.
^In the January 2010 baseline (http://www.cbo.gov/ftpdocs/108xx/doc10871/01-26-Outlook.pdf), CBO estimated that an additional $34 billion would be made available for food stamps, reflecting the lower projections of inflation in the economic outlook.
