Saturday, December 19, 2015
President Obama Signs Omnibus Bill With $680 Billion In Tax Cuts, 70% For Democratic Priorities
President Obama yesterday signed the omnibus appropriation bill after its approval by the House (318-109) and Senate (65-33). The bill includes $680 billion in tax extenders and other tax changes (according to Lily Batchelder, $236 billion for Democratic priorities, $97 billion for Republican priorities, and $347 billion for bipartisan priorities).
- Joint Committee on Taxation, Technical Explanation (268 pages)
- Joint Committee on Taxation, Estimated Budget Effects (10 pages)
- H.R. 2029, Division Q—Protecting Americans From Tax Hikes Act of 2015 (237 pages)
Press and blogosphere coverage:
- Center on Budget and Policy Priorities, Assessing the Tax Provisions of the Bipartisan Budget and Tax Deals
- The Hill, What's Inside the Tax Deal
- New York Times, A Little Something for Nearly Everyone
- New York Times, Under Wire, House Passes Big Package of Tax Cuts
- Tax Poicy Blog, The Twelve Most Important Provisions in the Latest Tax Bill
- Vox, The Tax Extender Bill, Explained
- Wall Street Journal, Congress Gives Americans a Tax Gift for Christmas
- Wall Street Journal, Tax Breaks in the Spending Bill: A Guide
https://taxprof.typepad.com/taxprof_blog/2015/12/president-obama-signs-omnibus-bill-with-680-billion-in-tax-cuts-70-for-democratic-priorities.html
See this is how you get bipartisanship, just give it all away. That will get the pigs to the trough.
Posted by: Dale Spradling | Dec 21, 2015 7:20:23 AM