5 Things To Know About The House Spending Bill

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By AARON BANDLER

Lost amidst the fallout from President Trump’s immigration surrender to the Democrats is that the House of Representatives just passed a $1.2 trillion omnibus spending bill by a margin of 211-198.

House Majority Whip Kevin McCarthy talked up the bill, stating: “It does everything from strengthening our national defense and veterans’ programs to cracking down on illegal immigration to protecting life to cutting abusive Washington agencies like the IRS and the EPA.”

The Daily Wire has you covered on the details. Here are five things to know about the spending bill.

1. The bill would add $68.1 billion in defense spending. Ideally it would be larger than this since the military is desperately in need of a major funding boost after Barack Obama hollowed it out, but it’s a step in the right direction.

2. It provides $1.6 billion for border security measures, including the wall. The money will be allocated toward hiring 500 new Border Patrol agents and 1,000 additional Immigration and Customs Enforcement (ICE) agents.

3. There are some cuts outlined in the spending bill. These include:

Defunding Planned Parenthood.
Defunding parts of Obamacare.
Reducing spending to the Internal Revenue Service (IRS) by $149 million.
Reducing spending to the Environmental Protection Agency (EPA) by $528 million.
Reducing spending to the State Department by $10 billion.
It also nixes Operation Choke Point, an undertaking of Barack Obama’s Department of Justice aimed at choking off finances to gun dealers. But it does increase spending to the National Institutes of Health by nearly $9 billion.

4. The bill includes provisions that weaken Dodd-Frank. Dodd-Frank, you may recall, is the behemoth bill that entangled the financial system with a complex web of regulations. The law also created the Consumer Financial Protection Bureau (CFPB), an agency with unchecked power that has done little to protect consumers. The spending bill would put the CFPB under the purview of Congress – as the agency is currently funded by the Federal Reserve – and contains parts of the CHOICE Act to ease regulations on the financial industry.

5. It likely won’t pass the Senate. That’s what Politico is reporting, which makes sense given that the Democrats won’t accept the various reductions in spending or anything that even somewhat unravels Barack Obama’s initiatives. The Democrats will only accept capitulation, and they’ll probably get it.

The fact is that the spending bill is still an additional $1.2 trillion in spending that does nothing to fully address the debt crisis facing the country. It seems that nobody in Washington D.C. is committed to addressing this serious issue.

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