House Leaders Roll Out $1.1 Trillion Government Funding Bill In The Dead Of Night
Late Tuesday evening, House Speaker Paul Ryan announced negotiators had come to an agreement on the “omnibus” government funding bill and tax breaks extension package.
Just before midnight, legislation was posted that would make 22 tax breaks permanent and extend dozens of other tax incentives.
“How can families and local businesses count on tax relief each year as long as Congress can’t decide what’s permanent and what’s not? That confusion ends now, and our economy will be stronger for it,” House Ways and Means Committee Chairman Kevin Brady said in a statement upon the bill’s release. “By delivering permanent tax relief, we’re making it easier for Americans to keep more of their own money, find new jobs, and increase their wages.”
After weeks of negotiations, the $1.1 trillion, 2,009 page omnibus package that would keep the government funded until September 2016, was rolled out just after 1:30 a.m. Wednesday morning.