Pelosi on spending bill: lifting crude oil ban might cost USA jobs

Hoyer said he’s spoken to Republican leaders about wrangling the bipartisan coalition likely needed to pass the spending bill.

Some House Democrats are strongly pushing back against the bipartisan spending bill unveiled late Tuesday because it doesn’t include language that would allow Puerto Rico to file for bankruptcy.

“Republicans’ tax extender bill provides hundreds of billions of dollars in special interest tax breaks that are permanent and unpaid for”, she said. The Senate is expected to pass it before the midnight deadline.

He promised the text for the two bills would b posted for the next three days prior to it going to the floor of the House for a vote.

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Facing a 2016 presidential campaign that probably will dominate Washington, lawmakers viewed the year-end deal as their last chance to push priorities.

The Republicans, again, jettisoned any policy that risked a Democrat revolt and a potential government shutdown.

DAVIS: So this funds everything from public schools to the Federal Bureau of Investigation.

GREENE: But seems to never – never work out that way.

-Caesars Entertainment. Reid lost in his attempt to use the spending bill to help Caesars Entertainment, one of his state’s largest employers.

“Not only are we losing the oil, but we’re losing the jobs that go into refining it”, said House Minority Leader Nancy Pelosi, D-Calif. So this only keeps the government running through September of next year.

Illegal immigrants, and other ineligible workers, received $4 billion in these tax credits in 2010.

He was less than excited about the hasty, 11th-hour negotiations that produced the spending package.

House Speaker Paul Ryan, R-Wisc., announced Wednesday that the House will vote Friday on the $1.14 trillion end-of-the-year spending bill, reports Fox News. Did that happen here? Two of the most notable laws that have been attached to this package is one affecting the visa waiver program.

GREENE: This has become part of a debate over terrorism, and a lot of people in the country are… USA officials have been eyeing the program since last month’s Islamic State attacks in Paris.

The spending bill includes the GOP proposal to lift a four-decades-old ban on exporting US crude oil. In exchange for lifting the oil ban they won five-year extensions of solar and wind energy production credits plus a renewal of a land and water conservation fund.

Some contentious items that both parties wanted are notably absent from the spending measure.

But many Republicans were not convinced, saying the deal deepens deficits and unravels the budget gains the GOP won during the previous four years without winning any of the restrictions they wanted to impose on Mr. Obama.

Camp, now a senior advisor for the Washington National Tax Practice at PwC, chaired the House Ways and means Committee until January 2015. The other breaks would be extended for shorter periods. Who are they impacting? House Republicans killed the tax break past year after they blamed Wyden for helping to nix negotiations over a similar tax package. The 233-page measure will permanently extend the enhanced child tax credit and earned income tax credit that were boosted by the 2009 stimulus bill, and extend through 2019 a popular corporate tax break that allows companies to more quickly depreciate the value of new equipment. And it’s been a real pain for lawmakers. I think this actually makes tax reform more doable.

The bill would make permanent the research and development tax credit for companies, a tax-deferral rule used by multinational banks and a provision that lets taxpayers move money directly from individual retirement accounts to charities.

– Cuts $15 million in spending for the Independent Payment Advisory Board, created under the Affordable Care Act.

Lawmakers, for instance, are pushing a two-year delay in the “Cadillac tax” applied to high-end health insurance plans – a provision favored by labor unions and many of their Democratic allies on Capitol Hill.

House Democrats are slated to huddle behind closed doors on Thursday morning to plot a path forward.

The tax bill also takes a shot at the Internal Revenue Service, which Republicans have not forgiven following its admission that it subjected conservative groups seeking tax-exempt status to unfairly tough investigations. And the White House has signaled that the president won’t veto that package over those issues.

Republican congressional leaders and the White House reached a budget accord in late October that set top-line spending levels for 2016 and 2017.