Table 1—Summary of the Benefits, Costs, and Distributional Effects of the Proposed Rule
[Millions of 2023 dollars]
Category Primary estimate Low estimate High estimate Dollar year Discount rate (%) Time horizon Notes Benefits: Annualized monetized benefits. Annualized quantified, but non-monetized, benefits. Unquantified benefits. The benefits of this proposed rule would come from the value consumers receive from the information provided in the interpretive label on food packages. Costs: Annualized monetized costs. $333 $191 $530 2023 2 2025-2034 Although reformulation is not a requirement or goal of the proposed rule, reformulation costs are estimated to be 68% of total quantified costs. Costs may, at least partially, be passed through to consumers in the form of price increases. Annualized quantified, but non-monetized, costs. Unquantified costs. Transfers: Annualized monetized Federal budgetary transfers. Other annualized monetized transfers. Net Benefits: Annualized monetized net benefits Category Effects Notes Effects on State, local, or Tribal governments. Effects on small businesses The total discounted cost of the proposed rule per entity (including large firms) is approximately $100,253. We cannot estimate the exact cost per small entity because we do not know how many UPCs on average are owned by small entities as defined using the SBA definition. Effects on wages. Effects on growth.