Congress Tiredly Agrees on Budget For Next Year

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Paul Ryan has made old school horsetrading cool again:

Congressional leaders on Tuesday night reached agreement on a year-end spending and tax deal that would prevent a government shutdown and extend a series of tax breaks that benefit businesses and individuals, according to lawmakers.

….The tax break package would cost about $650 billion and extend around 50 credits for businesses and individuals while also delaying until 2017 a tax on medical device manufacturers.

The approximately $1.1 trillion appropriations package would fund the government for the remainder of fiscal 2016 and contains a two-year delay of the Affordable Care Act’s so-called Cadillac Tax on expensive employer-sponsored health care plans as well as a delay of a tax on health insurance plan purchases.

The spending bill also would lift the 40-year ban on crude oil exports. In exchange for allowing this provision, Democrats secured the extension of tax breaks for wind and solar energy producers for five years.

So Republicans get a bunch of tax breaks and an end to the ban on oil exports. I don’t know why either Republicans or Democrats care one way or the other about the oil export ban, but apparently they do. In return, Democrats get a delay of the Cadillac Tax and some tax breaks for solar and wind.

Fabulous. I think the general idea is to wrap this baby up so that everyone has the energy for a full-on gang war over the White House next year. Once that’s settled, then….I dunno, nothing, probably. Whoever wins, the other side will probably continue acting the same way they are now. But at least we’ve cleared the decks and everyone will be able to go home for Christmas. These days, that counts as a win.

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THE END...

of our fiscal year is Thursday, June 30, and we have a much larger fundraising gap than we can easily manage with only days left to go.

Right now is no time to come up short: If you value the hard-hitting, democracy-protecting, justice-advancing journalism you get from Mother Jones, please help us keep charging as hard as we possibly can with a much-needed and much-appreciated donation today.

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