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Cost Estimate for H.R. 3630, Middle Class Tax Relief and Job Creation Act of 2011

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Cost Estimate for H.R. 3630, Middle Class Tax Relief and Job Creation Act of 2011 – December 9, 2011

  • “According to CBO’s and JCT’s estimates, enacting H.R. 3630 would change revenues and direct spending to produce increases in the deficit of
    $166.8 billion in fiscal year 2012 and $25.3 billion over the 2012-2021 period. Relative to discretionary spending projected under current law and assuming compliance with the current-law caps on discretionary appropriations for the next 10 years, CBO estimates that the proposed changes in discretionary funding caps under H.R. 3630 would lead to a reduction in projected discretionary spending of $26.2 billion over the 2012-2021 period.”
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