Other Tax Provisions
Data File:
Date:
February 17, 2009
Who:
IRS
Policy Area:
Fiscal Policy
Economic Target:
Other
Action Type:
Tax Break
Maximum Amount:
$71.00 billion
Amount Spent:
$21.00 billion
Deficit Impact:
$71.00 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.
| Other Tax Provisions (in millions of dollars) | ||||||||||||
| Year | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
2009- 2019 |
| Manufacturing Recovery Provisions | 1 | 174 | 297 | 342 | 217 | 175 | 182 | 175 | 148 | 94 | 47 | 1,850 |
| Economic Recovery Tools | 227 | 348 | 566 | 699 | 722 | 738 | 724 | 700 | 660 | 565 | 553 | 6,501 |
| Infrastructure Financing Tools* | 179 | 2,752 | 16,085 | 6,936 | 5,921 | 2,174 | 2,322 | 2,345 | 2,305 | 2,258 | 2,233 | 45,638 |
| Energy Incentives | 393 | 1,482 | 1,539 | 1,176 | 1,619 | 1,862 | 2,039 | 2,264 | 2,412 | 2,552 | 2,614 | 19,963 |
| Other Tax Provisions | 16 | 20 | -147 | -338 | -377 | -362 | -341 | -333 | -332 | -332 | -332 | -2,853 |
| Total | 816 | 4,776 | 18,340 | 7,057 | 8,102 | 4587 | 4926 | 5151 | 5193 | 5137 | 5 |
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, though the provision may eventually cost less by 2019. Deficit impact is the final cost of a provision from 2009-2019. Amount spent reflects CRFB calculated continuations of disbursal rates since last reported on Recovery.gov in December 2010, and extrapolated to the present by CRFB staff.
*In the January 2010 baseline (http://www.cbo.gov/ftpdocs/108xx/doc10871/01-26-Outlook.pdf), CBO estimated an additional $26 billion would be made available for the Build America Bonds (part of the "Infrastructure Financing Tools" category above.