Correction: This paper originally stated that S. 744 targeted a 90% "apprehension" rate for border security. It acutally targets a 90% effectiveness rate, which also includes people who were turned back at the border but not apprehended.
Note: The FY 2013 post-sequester numbers in Figure 1 have been corrected from the original version of this paper.
Note: Paper has been updated from original posting to account for new estimate of previously enacted savings.
Update (12/12/12): Figure 1 has been corrected from an earlier version that was based on estimates that "stacked" the provision to tax dividends as ordinary income before the provision to increase rates, therefore counting the interaction within the rate changes. This correction does not affect the overall savings, and actual savings from allowing only some of the upper-income tax cuts to expire may differ from the sum in the figures above due to various interactions.