Preliminary JCT Revenue and Cost Interaction Table for Proposed "TAA" Expansion Bill Posted 7/21/2003
A Senate proposal would expand the 65 percent subsidy for health insurance enacted in the 2002 Trade Adjustment Assistance (TAA) Act to all unemployed workers. According to a preliminary estimate from the Joint Committee on Taxation (JCT), the 10-year cost would be about $34 billion, well within the $50 limit for such proposals in this year's Budget Resolution.
| Preliminary Estimate from Joint Committee on Taxation (JCT) |
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| Proposal to Extend Eligibility for "TAA" 65 Percent Health Tax |
| Credits to All Unemployed Workers |
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| Fiscal Years |
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UI Cost and |
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Revenues |
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Rev. Interaction |
Total |
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| 2003 |
|
-0.9 |
|
--- |
|
-0.9 |
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| 2004 |
|
-2.5 |
|
-0.5 |
|
-3.0 |
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| 2005 |
|
-2.9 |
|
-0.4 |
|
-3.3 |
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| 2006 |
|
-2.7 |
|
-0.3 |
|
-3.0 |
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| 2007 |
|
-2.8 |
|
-0.2 |
|
-3.0 |
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| 2008 |
|
-2.9 |
|
-0.1 |
|
-3.0 |
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| 2009 |
|
-3.1 |
|
-0.1 |
|
-3.2 |
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| 2010 |
|
-3.2 |
|
-0.1 |
|
-3.3 |
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| 2011 |
|
-3.4 |
|
-0.1 |
|
-3.5 |
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| 2012 |
|
-3.5 |
|
-0.1 |
|
-3.6 |
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| 2013 |
|
-3.6 |
|
-0.1 |
|
-3.7 |
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| 2003-2008 |
|
-14.8 |
|
-1.5 |
|
-16.3 |
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| 2003-2013 |
|
-31.6 |
|
-1.9 |
|
-33.5 |
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| Source: Joint Committee on Taxation (JCT), preliminary |
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