November 30, 2021

CBO Cost-Estimates for the FY 2021 Budget Reconciliation Legislation

In early February, Congress passed, S.Con.Res. 5, directing 12 House committees to produce recommendations for budget reconciliation to be submitted to the House Budget Committee by February 16. The Congressional Budget Office (CBO) has released cost-estimates for reconciliation recommendations for six of those committees. This post will be updated with additional cost-estimates as they become available.

The years shown are fiscal years. On the individual committee sections, “O” means outlays, “R” means revenues, and “DI” means deficit impact.

Deficit Impact of House Committees’ Reconciliation Recommendations (Dollars in Millions)

Committee202120222023202420252026-2030TOTAL
Agriculture$13,018$1,993$700$165$44$151$16,072
Education and Labor$34,835$74,249$53,905$40,628$31,872$45,845$281,334
Energy and Commerce$27,498$62,210$21,139$9,738$4,466-$395$124,656
Financial Services$38,189$12,150$12,372$5,825$3,441$900$72,880
Foreign AffairsTBDTBDTBDTBDTBDTBDTBD
Oversight and Reform$350,051$235$25$23$23$0$350,357
Science, Space, and TechnologyTBDTBDTBDTBDTBDTBDTBD
Small Business$48,400$1,130$250$5$5$0$49,790
Transportation and Infrastructure$28,400$27,161$16,626$5,825$3,825$8,623$90,460
Veterans’ Affairs$10,720$4,124$1,346$269$124$29$16,612
Ways and Means$688,390$249,389$11,238$53-$2,612-$19,110$924,348
TOTAL$1,239,501$432,641$117,601$62,531$41,188$36,043$1,929,509
Source: Congressional Budget Office (All years listed are fiscal years. Numbers may not add up due to rounding. Updated February 15 at 9:18 pm.)

House Agriculture Committee Reconciliation Recommendations (Dollars in Millions)

20212022202320242025202620272028202920302021-2030
O$13,018$1,993$700$165$44$36$28$29$29$29$16,072
R$0$0$0$0$0$0$0$0$0$0$0
DI$13,018$1,993$700$165$44$36$28$29$29$29$16,072
Source: Congressional Budget Office (All years listed are fiscal years)

S.Con.Res. 5 set the House Agriculture Committee’s target at $16.112 billion. The text of the reconciliation recommendations is available here and a section-by-section is available here.

House Education and Labor Committee Reconciliation Recommendations (Dollars in Millions)

20212022202320242025202620272028202920302021-2030
O$22,849$70,301$53,683$40,378$29,559$18,593$13,189$11,167$9,360$10,994$280,073
R$11,986$3,948$222$250$2,313-$1,090-$2,839-$3,792-$4,638-$5,099-$1,261
DI$34,835$74,249$53,905$40,628$31,872$17,503$10,350$7,375$4,722$5,895$281,334
Source: Congressional Budget Office (All years listed are fiscal years)

S.Con.Res. 5 set the House Education and Labor Committee’s target at $357.926 billion. The text of the reconciliation recommendations is available here and a section-by-section is available here.

House Energy and Commerce Committee Reconciliation Recommendations (Dollars in Millions)

20212022202320242025202620272028202920302021-2030
O$27,498$62,210$21,139$9,738$4,466$2,778$1,381-$866-$1,807-$1,881$124,656
R$0$0$0$0$0$0$0$0$0$0$0
DI$27,498$62,210$21,139$9,738$4,466$2,778$1,381-$866-$1,796-$2,317$124,656
Source: Congressional Budget Office (All years listed are fiscal years)

S.Con.Res. 5 set the House Energy and Commerce Committee’s target at $188.498 billion. The text of the reconciliation recommendations is available here and a memorandum on the legislation is available here.

House Financial Services Committee Reconciliation Recommendations (Dollars in Millions)

20212022202320242025202620272028202920302021-2030
O$38,189$12,150$12,372$5,825$3,441$915$185$10-$100-$110$74,880
R$0$0$0$0$0$0$0$0$0$0$0
DI$38,189$12,150$12,372$5,825$3,441$915$185$10-$100-$110$74,880
Source: Congressional Budget Office (All years listed are fiscal years)

S.Con.Res. 5 set the House Financial Services Committee’s target at $75 billion. The text of the reconciliation recommendations is available here and a memorandum on the legislation is available here.

House Oversight and Reform Committee Reconciliation Recommendations (Dollars in Millions)

20212022202320242025202620272028202920302021-2030
O$350,051$235$25$23$23$0$0$0$0$0$350,357
R$0$0$0$0$0$0$0$0$0$0$0
DI$350,051$235$25$23$23$0$0$0$0$0$350,357
Source: Congressional Budget Office (All years listed are fiscal years)

S.Con.Res. 5 set the House Oversight and Reform Committee’s target at $350.390 billion. The text of the reconciliation recommendations is available here and a one-pager on the legislation is available here.

House Small Business Committee Reconciliation Recommendations (Dollars in Millions)

20212022202320242025202620272028202920302021-2030
O$48,400$1,130$250$5$5$0$0$0$0$0$49,790
R$0$0$0$0$0$0$0$0$0$0$0
DI$48,400$1,130$250$5$5$0$0$0$0$0$49,790
Source: Congressional Budget Office (All years listed are fiscal years)

S.Con.Res. 5 set the House Small Business Committee’s target at $50 billion. The text of the reconciliation recommendations is available here and a section-by-section is available here.

House Transportation and Infrastructure Committee Reconciliation Recommendations (Dollars in Millions)

20212022202320242025202620272028202920302021-2030
O$28,400$27,161$16,626$5,825$3,825$2,753$2,370$1,700$1,000$800$90,460
R$0$0$0$0$0$0$0$0$0$0$0
DI$28,400$27,161$16,626$5,825$3,825$2,753$2,370$1,700$1,000$800$90,460
Source: Congressional Budget Office (All years listed are fiscal years)

S.Con.Res. 5 set the House Transportation and Infrastructure Committee’s target at $95.62 billion. The text of the reconciliation recommendations is available here.

House Veterans’ Affairs Committee Reconciliation Recommendations (Dollars in Millions)

20212022202320242025202620272028202920302021-2030
O$10,720$4,124$1,346$269$124$29$0$0$0$0$16,612
R$0$0$0$0$0$0$0$0$0$0$0
DI$10,720$4,124$1,346$269$124$29$0$0$0$0$16,612
Source: Congressional Budget Office (All years listed are fiscal years)

S.Con.Res. 5 set the House Veterans’ Affairs Committee’s target at $17 billion. The text of the reconciliation recommendations is available here and a section-by-section is available here.

House Ways and Means Committee Reconciliation Recommendations (Dollars in Millions)

20212022202320242025202620272028202920302021-2030
2022202320242025202620272028202920302021-2030
O$654,581$204,725$11,106$3,148$1,137$986$159$877$624$417$877,760
R$33,809$44,664$132-$3,095-$3,749-$4,105-$4,471-$4,683-$4,651-$4,263$49,588
DI$688,390$249,389$11,238$53-$2,612-$3,119-$4,312-$3,806-$4,027-$3,846$927,348
Source: Congressional Budget Office (All years listed are fiscal years)

S.Con.Res. 5 set the House Ways and Means Committee’s target at $940.718 billion. The text of the reconciliation recommendations and section-by-section documents are available here.

Jason

Policy wonk. Nonserious musician. Playstation ID: JaseLP22

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