Agriculture Reform, Food, and Jobs Act of 2012 could reduce direct spending by $24.7 billion
CBO estimates that enacting this proposal would reduce direct spending by $24.7 billion over the 2013-2022 period, relative to spending projected under CBO’s current baseline. Further details of that estimate are displayed in the three enclosed tables. Because the proposal would affect direct spending, pay-as-you-go procedures apply. CBO has not estimated the additional discretionary spending that would result from implementing the proposal; such spending would be subject to appropriation. (Enacting the proposed legislation would not affect federal revenues.) CBO also has not reviewed the proposal for intergovernmental or private-sector mandates.
As posted on the Web site of the Senate Committee on Agriculture, Nutrition, and Forestry on April 26, 2012.
Read More From Source:Agriculture Reform, Food, and Jobs Act of 2012 could reduce direct spending by $24.7 billion" -
This entry was posted on April 26, 2012 at 4:11 pm and is filed under EHS News