Lobbyists and interest groups win big in $1.4-trillion federal spending bill

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Retired coal miners and labor union opponents of Obama-era taxes on high-cost health plans came away with big wins in weekend negotiations by top congressional leaders and the Trump White House. The bill would also increase the age nationwide for purchasing tobacco products from 18 to 21, and offers business-friendly provisions on export financing, flood insurance and immigrant workers.

The late-stage negotiations involved House Speaker Nancy Pelosi , Treasury Secretary Steven T. Mnuchin and other top leaders on Capitol Hill. The package faces a House vote Tuesday with the Senate expected to vote by Thursday or Friday. For business, there’s a seven-year extension of the charter of the Export-Import Bank, which helps finance transactions benefiting U.S. exporters, as well as a renewal of the government’s terrorism risk insurance program. The financially troubled government flood insurance program would be extended through September, as would several visa programs for both skilled and seasonal workers.

While Republicans touted defense hikes and Democrats reeled off numerous increases for domestic programs, most of the provisions of the spending bill enjoy bipartisan support, including increases for medical research, combating the opioid epidemic, and Head Start and child-care grants to states.

 

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And Democrats overwhelmingly vote for this bill. So much for the resistance.

Reminds me. Remember this LAT's? Didn't think so.

Where did all the deficit hawks go🤔

SwampTheDrain

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