Figures represent 10-year costs or savings compared to CBO’s March 2012 baseline, which assumed that all tax cuts would expire as scheduled, automatic spending cuts would take effect and the expiring farm bill would be extended.


The farm bill extension for 2013 is expected to cost nearly $5 billion, but because an extension was already assumed by CBO, these provisions do not add any cost relative to the baseline. The $2 billion nonsecurity portion of the $4 billion fiscal 2013 cap reduction is not counted as savings against the baseline because the current continuing resolution, when annualized, is already more than $2 billion below the original cap.