         | Report No: 540
Date: 12/07/2000
OMB COST ESTIMATE
FOR PAY-AS-YOU-GO CALCULATIONS
- LAW NUMBER: P.L.106-476 (H.R. 4868)
- BILL TITLE: Tariff Suspension and Trade Act of 2000
- BILL PURPOSE: Makes miscellaneous amendments to U.S. trade laws.
- OMB ESTIMATE: P.L. 106-476 reduces
or suspends duties on certain intermediary
products and chemicals, refunds customs duties paid on certain goods, and alters the
treatment of certain imported goods. Together, these
provisions would reduce receipts
each year.
|
|
(Fiscal years; in millions of
dollars) |
|
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
| Net costs............... |
0 |
63 |
44 |
43 |
22 |
14 |
- CBO ESTIMATE:
|
|
(Fiscal years; in millions of
dollars) |
|
|
2001 |
2002 |
2003 |
2004 |
2005 |
| Net costs.............. |
0 |
26 |
12 |
12 |
12 |
12 |
- EXPLANATION OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:
The total difference is the result of technical estimating differences for numerous
provisions of P.L. 106-476.
- CUMULATIVE EFFECT OF DIRECT SPENDING AND REVENUE LEGISLATION
ENACTED TO DATE:
|
(Fiscal years; in millions of dollars) |
|
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
| Outlay effect.............. |
34 |
1,442 |
2,470 |
7,109 |
7,841 |
8,035 |
| Receipt effect............ |
-8 |
-752 |
-838 |
-899 |
-930 |
-924 |
| Net costs.................... |
42 |
2,194 |
3,308 |
8,008 |
8,771 |
8,959 |
NOTE: The cumulative effect of direct
spending and revenue legislation enacted to date is
currently estimated to result in an end-of-session sequester. The Administration looks forward to
working with the Congress to ensure that an unintended sequester does not occur.
President and First Lady | Vice President and Mrs. Gore
Record of Progress | The Briefing Room
Gateway to Government | Contacting the White House
White House for Kids | White House History
White House Tours | Help | Text Only Privacy Statement |
