Here’s What’s in Congress’ Spending and Tax Package

spending bill

Congressional leaders released the details of a $1.1 trillion spending bill to fund the government on Tuesday night. Here’s what’s in it.

Congressional leaders announced the details of a $1.1-trillion spending bill to fund the government on Tuesday night. But with spending levels already predetermined, lawmakers were more concerned with what policy provisions were attached to the legislation.

The spending legislation will be introduced with a package renewing billions of dollars in tax breaks for businesses and low-income Americans. Text of the 2,009-page spending bill was released at 2 a.m. Wednesday; the separate 233-page tax-extenders bill was released just before midnight.

The result of the secretive negotiations is compromise, with both Republican leadership and Democrats claiming wins.

House Speaker Paul Ryan, R-Wis., and Senate Majority Leader Mitch McConnell, R-Ky., are able to brag about at least some policy provisions included in the spending bill, most significantly measures ending a 40-year-old ban on oil exports and stopping what Republicans refer to as a “bailout” of Obamacare’s risk corridor program for health insurers.

But House Minority Leader Nancy Pelosi, D-Calif., and Senate Minority Leader Harry Reid, D-Nev., were able to block most of the high-profile provisions conservatives sought.

The bill does not contain measures restricting the Syrian refugee program, ending funding for Obama’s executive actions on immigration, or defunding Planned Parenthood. Conservatives also opposed the price tag of the$1.149-trillion spending bill, which was set by the Bipartisan Budget Act last month.

Conservatives shook by terrorism fears had said a measure toughening screening of refugees from Syria and Iraq to the United States would have ensured their support for the underlying spending bill.

Democrats and President Barack Obama worried the proposed screening measures would effectively slow to a halt the president’s plan to resettle 10,000 Syrian refugees this fiscal year, a small portion of the number of Syrians fleeing war in that country.

 

Source: Here’s What’s in Congress’ Spending and Tax Package

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