Why Does Funding Government Take $1.7 Trillion and 4,000 Pages?

The omnibus bill to fund government operations through September 2023 is out—all 4,000 pages of it. Despite the measure’s massive size and price tag, lawmakers’ aim is to rush it through both chambers of Congress by Thursday so President Joe Biden can sign it on Friday.

The text of the $1.7 trillion spending bill was just released by the Senate and House appropriations committees this morning, so everyone’s still scrambling to figure out what is in it and what is not. What we do know: Lawmakers are giving all sorts of government agencies and programs way more money than they did in 2022 and more than Biden’s budget requested. We also know it’s devoid of several good measures discussed as potential add-ons.

Missing is the SAFE Banking Act, a measure to make it easier for state-licensed marijuana businesses to actually access banks and financial services.

Some tax breaks that had been on the table are also nowhere to be found in the final bill. – READ MORE

Related Articles

(PREMIUM) PAINE IN THE MORNING: What you need to know this Monday – January 2, 2023

Here’s what you need to know today, Monday – January 2, 2023. The New-Normaling of Blackouts – On Christmas Eve, 2022, in North Carolina, something happened that had never happened before in living memory. People across the state were alerted by their power company, Duke Energy, that there would be rolling blackouts in the aftermath of…

To access this post, you must purchase The Hot Wire, The Hot Wire (DG), Monthly Supporter​ or Monthly Supporter​ (DG).

(PREMIUM) PAINE IN THE MORNING: What you need to know this Monday – August 15, 2022

Here’s what you need to know today, Monday– August 15, 2022. There is also an ad free audio version of this episode you can listen to BELOW Congress Just Passed the Inflation Reduction Act. It Will Hike Taxes on Some Middle-class Households. – Congressional Democrats have put the finishing touches on a questionable bet: that higher…

To access this post, you must purchase The Hot Wire, The Hot Wire (DG), Monthly Supporter​ or Monthly Supporter​ (DG).

Responses