Summary: In order to provide additional context as part of the current reconciliation debate, PWBM has estimated a scenario where all spending and revenue provisions in the Build Back Better Framework are permanent. The table below reflects this alternative. These estimates are neither PWBM’s estimate of any current legislation nor PWBM’s estimates of the Build Back Better Framework released by the White House.

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Table 1. Conventional budget effects under permanent extension scenario, FY2022-2031

Billions of Dollars, Change from Current-Law Baseline

Provision	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	Budget window
Spending initiatives	274	316	323	371	440	469	464	475	489	503	4,124
Child care and pre-school	44	47	50	83	87	89	72	73	76	80	701
Home care	11	12	12	13	14	15	16	17	19	20	150
Child & earned income tax credits	104	141	143	149	208	229	237	243	251	258	1,963
CTC	95	129	131	136	195	216	224	230	238	244	1,838
EITC	9	12	12	13	13	13	13	13	13	14	125
Clean energy and climate investments	55	55	55	55	55	56	56	56	56	56	555
Clean Energy Tax credits	32	32	32	32	32	32	32	32	32	32	320
Resiliency Investments	10	10	10	10	10	11	11	11	11	11	105
Clean Energy Investments	11	11	11	11	11	11	11	11	11	11	110
Clean energy procurement	2	2	2	2	2	2	2	2	2	2	20
ACA subsidies including Medicaid expansion gap	32	33	35	36	37	39	41	42	44	46	386
Medicare hearing benefits	0	0	0	7	11	12	13	14	16	16	89
Housing	15	15	15	15	15	15	15	15	15	15	150
Higher education and workforce development	4	4	4	4	4	4	4	4	4	4	40
Equity and other investments	9	9	9	9	9	9	9	9	9	9	90
Revenue initiatives	42	110	126	145	140	173	192	201	208	217	1,554
Minimum tax on corporations’ book income	7	11	13	16	19	21	23	26	28	30	195
Tax on share repurchases	4	5	5	5	5	5	5	6	6	6	51
Modifications to international taxes	-2	36	39	43	31	27	27	26	26	26	278
AGI surcharge on high-income households	18	25	26	28	27	26	26	28	30	32	267
NIIT tax base harmonization	16	22	24	26	21	21	23	23	24	26	226
Extension of excess noncorporate losses limitation	0	0	0	0	0	27	35	36	38	40	175
IRS funding 1/	-1	-1	3	10	17	26	32	34	35	35	190
Rebate rule repeal	0	12	16	18	19	20	21	22	23	24	174

Source: Penn Wharton Budget Model
1/ Budget estimate is net of proposed outlays.
A prior version of this table mistakenly presented the 10-year cost of the ACA subsidies provision as $243B. We apologize for the error.

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