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Table S–10. Effect of Proposals on Receipts

(In millions of dollars)
  Estimate
 Totals
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2002–2006 2002–2011
President's Tax Plan presented to Congress on February 8th:
    Create new 10-percent individual income tax bracket .......... -5,678 -13,847 -21,932 -29,849 -37,407 -39,734 -40,281 -40,602 -40,685 -40,603 -108,713 -310,618
    Reduce individual income tax rates .......... -11,793 -21,047 -33,493 -42,306 -57,299 -63,741 -65,454 -67,020 -68,550 -69,963 -165,938 -500,666
    Increase the child tax credit 1 .......... -1,238 -7,505 -11,455 -16,347 -20,963 -25,296 -26,277 -27,098 -27,876 -28,602 -57,508 -192,657
    Reduce the marriage penalty .......... -1,435 -4,844 -7,773 -10,343 -12,675 -14,125 -14,645 -15,154 -15,657 -16,183 -37,070 -112,834
    Provide charitable contribution deduction for nonitemizers .......... -482 -1,690 -2,963 -4,448 -6,065 -6,988 -7,087 -7,306 -7,500 -7,642 -15,648 -52,171
    Permit tax-free withdrawals from IRAs for charitable contributions .......... -53 -181 -195 -210 -225 -241 -258 -277 -299 -322 -864 -2,261
    Raise the cap on corporate charitable contributions .......... -85 -136 -136 -143 -149 -159 -169 -178 -202 -222 -649 -1,579
    Increase and expand education savings accounts .......... -3 -25 -88 -204 -373 -593 -829 -1,037 -1,206 -1,287 -693 -5,645
    Permanently extend the R&E tax credit .......... .......... .......... -1,055 -3,431 -5,415 -6,543 -7,388 -8,019 -8,567 -9,158 -9,901 -49,576
    Phase out death tax -154 -4,930 -10,435 -11,442 -13,411 -16,263 -21,152 -30,603 -38,369 -55,691 -58,961 -56,481 -261,257
        Total, President's Tax Plan presented to Congress on February 8th 1 -154 -25,697 -59,710 -90,532 -120,692 -156,834 -178,572 -192,991 -205,060 -226,233 -232,943 -453,465 -1,489,264
Provide refundable tax credit for the purchase of health insurance 1 .......... -219 -1,513 -3,966 -5,796 -6,143 -6,777 -7,007 -7,101 -7,153 -7,183 -17,637 -52,858
Additional tax incentives 2 -18 -1,812 -3,602 -4,322 -5,090 -6,001 -7,340 -8,406 -9,255 -9,997 -10,706 -20,827 -66,531
One-year extension of provisions expiring in 2001 2 .......... -1,614 -1,355 -170 -94 -66 -37 -20 -18 -18 -18 -3,299 -3,410
    Total tax reduction 1, 2 -172 -29,342 -66,180 -98,990 -131,672 -169,044 -192,726 -208,424 -221,434 -243,401 -250,850 -495,228 -1,612,063
Other provisions that affect receipts:
    Recover State bank supervision and regulation expenses 1,2 .......... 70 74 76 80 84 88 92 96 101 105 384 866
  1 Affects both receipts and outlays. Only the receipt effect is shown here; the outlay effect is shown in Table S–9.
  2 Net of income offsets.
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