Despite receiving major concessions from House Republicans and Speaker Paul Ryan (R-Wisc.) on Obamacare in the recently-passed Omnibus spending bill, Minority Leader Nancy Pelosi (D-Calif.) is claiming that Ryan seeks to defeat President Barack Obama’s signature health reform package. Pelosi wrote to supporters in a December 28 email solicitation for funds, “Paul Ryan is still settling in to the Speaker’s chair, but he has already declared war on the Affordable Care Act.” She added that Ryan wants to go into “full gear” to address Obamacare. Pelosi quoted Ryan as saying that he wants to “replace every word” of the ACA in 2016.
The Omnibus spending bill, which was passed while Republican presidential candidates were debating in Las Vegas on December 15, reiterated tax breaks for families and students in order to avoid a government shutdown. That evening, Ryan announced $560 billion in tax breaks over the next 10 years that codifies the 2009 expansions of the child tax credit and the earned income tax credit, as well as the tax credit for full-time college students.
The agreement also guarantees $1.1 trillion in discretionary spending, thus angering fiscal conservatives and Tea Party Republicans. Political analyst told Vox that Ryan, ironically, had been an outspoken opponent of national debt. Klein said “This deal, as a whole, basically betrays everything the two parties have been saying about fiscal policy for the last seven years.”
Pelosi has joked that fiscal conservative hawks should be placed on “the endangered species list.” The Center for a Responsible Federal Budget said that the bill, which was passed on December 18, nullifies the $800 billion in savings from the 2013 fiscal cliff deal and sequester that led to $900 billion in spending cuts.
In the Omnibus bill there are funds tax breaks for rum producers and energy efficient homes and businesses; as well as deductions for office furniture, computers and machines, in addition to savings for the motion picture and television industries. Owning a racehorse or a two-wheeled electric vehicle also get breaks.
U.S. Navy personnel have discovered the remains of an American aviator who was shot down in combat over the Pacific Ocean in 1944. A team aboard USNS ...