It’s late December, so that means it’s time for members of Congress to join together and celebrate around their own massive, legislative Christmas tree–the notorious omnibus–with earmark ornaments for nearly every congressional district. Reason’s Peter Suderman explains:
The deal is made of two different elements—a 2,009-page omnibus that folds in 12 appropriations bills and calls for $1.1 trillion in spending, and a separate 233-page tax “extenders” bill that continues about $650 billion worth of supposedly-but-not-really temporary tax cuts. All together, the package is worth about $1.8 trillion.
Many of the tax breaks in the extenders bill are the sorts of tax “cuts” that are the sort of targeted, incentives-and-behavior altering tax cuts and deductions that are best thought of as spending laundered through the tax code. (This includes the child tax credit, various business expensing provisions, and a credit to help people under 40 pay for tuition expenses, as well as credits for wind and solar power.)
Broadly speaking, that’s the sort of spending that Republicans tend to like. The other part of the package, meanwhile, contains the sort of spending that Democrats tend to like.