Wednesday, December 23, 2015

Omnibus, Tax Extenders Bill Becomes Law; Congress Wraps Up for the Year

Drew Thies
President Obama signed a $1.1 trillion funding and tax bill on Friday that will keep the government funded through September 2016 and extends nearly $700 million in tax breaks.

The Senate sent the legislation to the President earlier in the day on a vote of 65-33, after receiving one joint bill from the House, which voted on the funding and tax portions separately.

Party leaders on both sides had to work to gain support for final passage of the bill. Though there ended up being resounding support in the House—it passed 316-113, many worried prior to passage of the bill if both sides would be able to keep their rank-and-file in line and avert a government shutdown.

The bipartisan bill included some issues of contention for both parties. Republicans were dissatisfied with overall spending levels while Democrats opined a provision to lift the oil export ban, but overall, many contentious riders that threatened the legislation during drafting were not included.

The final signing into law by the president marks the last of legislative business to be settled in 2015. Congress will resume session on January 5, 2016.

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