Congressional Budget Office (CBO) Cost Estimate
The Congressional Budget Office review of the conference version of the bill estimated the Act will increase direct spending by $2.2 billion over the 2006-2010 period, and by $1.6 billion over the 2006-2015 period. In addition, the CBO and the Joint Committee on Taxation estimated that the legislation would reduce revenues by $7.9 billion over the 2005-2010 period and by $12.3 billion over the 2005-2015 period. The CBO noted that the bill could have additional effects on discretionary spending, but did not attempt to estimate those effects.
Read more about this topic: Energy Policy Act Of 2005
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