Policy modifications for CPC FY2019 budget alternative (billions of dollars)

Total
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2019–2023 2019–2028 2018–2028
Total deficit under CBO Adjusted April 2018 current law baseline -793 -973 -1,003 -1,118 -1,275 -1,273 -1,245 -1,352 -1,321 -1,314 -1,527 -5,642 -12,401 -13,193
Additional revenue policy adjustments (impact on primary budget deficit, billions of dollars)
Revenue target (individual income taxes) 260 361 375 389 404 420 436 453 470 489 1,789 4,057 4,057
Revenue target (social insurance taxes) 31 43 44 46 48 50 52 54 56 58 212 480 480
Revenue target (corporate income taxes) 143 199 207 215 223 232 241 250 260 270 987 2,239 2,239
Revenue target (excise and other taxes) 264 367 381 395 410 427 443 460 478 497 1,819 4,124 4,124
Additional spending policy adjustments (impact on primary budget deficit, billions of dollars)
Repeal Budget Control Act (BCA) mandatory and discretionary cuts (both phases) -9 -112 -165 -189 -203 -215 -222 -229 -245 -224 -678 -1,812 -1,812
Infrastructure investments -254 -254 -254 -193 -193 -166 -166 -166 -166 -166 -1,147 -1,975 -1,975
Additional public investment and job creation provisions -86 -92 -74 -90 -107 -123 -140 -157 -172 -189 -205 -486 -1,350 -1,436
Investments (nondefense discretionary increases over removing BCA) -25 -33 -58 -87 -119 -152 -175 -194 -211 -229 -248 -449 -1,506 -1,532
Preschool for all -2 -6 -7 -9 -10 -11 -10 -9 -9 -9 -34 -82 -82
Affordable college and refinancing student loans -102 -32 -36 -37 -38 -39 -40 -41 -42 -43 -246 -449 -449
Restore Supplemental Nutrition Assistance Program (SNAP) benefit levels and child nutrition -5 -6 -7 -7 -7 -7 -7 -7 -7 -7 -31 -65 -65
End Overseas Contingency Operations (OCO) after FY18 (both 050 and 150) 41 63 74 80 84 87 89 91 93 95 342 798 798
End supplemental spending* after FY18 18 38 51 63 74 83 91 99 107 113 243 736 736
Base Department of Defense (DOD) adjustments 43 62 71 77 83 85 89 95 103 112 336 821 821
Negotiate Rx payments for Medicare 25 37 40 44 47 51 55 58 63 68 194 489 489
Establish Paid Leave Partnership 0 -1 -1 -1 0 0 0 0 0 0 -2 -2 -2
Public option (expenditures only) -3 6 6 7 8 9 10 11 12 14 23 78 78
Reform rules for Rx development/release 1 2 2 2 3 3 3 3 3 4 10 25 25
Reduce fraud, waste, and abuse in Medicaid 0 0 0 0 0 0 0 0 0 0 1 2 2
Bundle Medicare’s payments to health care providers 4 8 9 10 10 11 12 12 13 14 40 102 102
Replace growth rate of civilian and veteran retirement programs with CPI-E 0 -2 -4 -6 -9 -13 -16 -19 -24 -27 -21 -120 -120
End Family Homelessness Initiative 0 -1 -1 -1 -1 -2 -2 -2 -2 -3 -5 -15 -15
State single-payer start-up fund -2 -2 -2 -1 -1 -1 -1 -1 -1 -1 -8 -12 -12
Comprehensive immigration reform (expenditures only) -23 -35 -39 -45 -52 -61 -70 -82 -95 -110 -194 -612 -612
Reduce agriculture subsidies 1 2 2 2 2 2 2 2 2 2 9 19 19
CREATES Act 0 0 0 0 0 0 0 0 0 0 2 4 4
Public financing of campaigns -1 -1 -1 -1 -1 -1 -1 -1 -1 -1 -5 -12 -12
Net policy adjustments (primary) -112 305 605 569 614 607 629 637 649 653 691 2,700 5,960 5,849
Debt service impact of policy adjustments -1 1 18 42 66 88 107 127 150 175 202 215 975 974
Net impact of policy adjustments -113 306 624 611 680 695 736 764 799 827 893 2,915 6,935 6,822
CPC FY19 deficit -906 -667 -380 -507 -595 -578 -509 -588 -522 -487 -634 -2,727 -5,466 -6,372
Memorandum
CPC defense discretionary outlays relative to current law defense discretionary outlays (excluding OCO) -72 9 10 9 8 11 9 2 -4 -11 -36 -30 -30
CPC defense discretionary budget authority relative to President’s FY19 budget’s proposed discretionary budget authority (excluding OCO) -74 -75 -77 -80 -84 -81 -82 -88 -94 -100 -390 -834 -834

* Supplemental spending includes disaster, emergency, and 21st Century Cures Act

Note: Figures are for fiscal years. Numbers may not add due to rounding.

View the underlying data on epi.org.