270 Energy:Reduce Office of Fossil Energy Funding

Sources

Savings are expressed as budget authority and were calculated using the CBO baseline and by comparing the FY 2014 spending level to the Heritage-proposed spending level of $222.7 million (increased to $226 for inflation through 2014) as found on page 16 of Nicolas Loris, “Department of Energy Budget Cuts: Time to End the Hidden Green Stimulus,” Heritage Foundation Backgrounder No. 2668, March 26, 2012. The FY 2014 funding level of $562.1 million can be found on page 105 of House of Representatives, 113th Congress, 2nd Session, “Energy and Water Development Appropriations Bill, 2015.”  Both spending levels were increased at the same rate as discretionary spending for 2016–2025, according to the CBO’s most recent August 2014 baseline spending projections. The savings represent the difference between the two policies.

Technical Notes on Scoring

CBO Baseline

Unless otherwise noted, calculations for savings for each recommendation relies on the most recent Congressional Budget Office baseline, as found in “An Update to the Budget and Economic Outlook: 2014 to 2024,” published August 27, 2014, has been used.

Savings “Totals”

While totals for the five and 10 year savings are provided by section and for the complete set of recommendations, there are two reasons they should not be viewed as representing total savings for The Budget Book.

First, as noted in the introduction, The Heritage Foundation would recommend that the savings realized in the Function 050 Defense section would stay within the Department of Defense to strengthen the nation’s defense capabilities.

Second, the numbers cannot be deemed to represent the realized savings if every single recommendation were adopted because policy changes made in one program can impact spending levels in other programs.  Thus, the numbers in the table do not reflect any potential interactions between the various policy changes affecting spending or savings.