Following on Sen. Kent Conrad’s request, the Congressional Budget Office has analyzed the Finance Committee’s draft bill–not just for a 10 year window, but for a 20 year window–and concluded that it would be a big money saver. From 2010 through 2019, the legislation, if enacted as is, would reduce the federal deficit by $49 billion. And, in a rough projection, CBO found that the bill would continue to provide savings relative to current law, for the 10 years thereafter. Though there’s a tremendous amount of uncertainty, from 2020 through 2029 the legislation would save on the order of .5 percent of GDP
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=138098