President Barack Obama has signed a massive $1.1 trillion
spending bill that keeps the government operating over the next nine months.
The legislation was a bipartisan compromise that angered liberals and
conservatives alike but avoided a government shutdown and put off partisan
clashes over immigration to next year.
Ensuring a debate over immigration, though, the legislation only finances the
Homeland Security Department until Feb. 27.
The bill was one of the last acts of Congress under the current Republican
House and Democratic-controlled Senate. In January, the new Congress will
return with Republicans in charge of both chambers.
The spending bill retains cuts negotiated in previous budget battles and rolls
back some banking regulations. But it retains spending for Obama's health care
law and pays for the administration's fight against Ebola.
Nevada Senator Harry Reid released this statement:
“Today's strong bipartisan vote shows that Democrats and Republicans can come
together to encourage our economy to create jobs and strengthen the middle
class. This legislation ensures that students receive tax credits for the cost
of their college tuition and allows teachers to claim their expenses for the
personal money they invest in their classrooms. And it gives employers the
ability to pay for their employees public transportation costs without unfairly
taxing them.
“It also continues the state and local sales tax deduction and Mortgage
Forgiveness Debt Relief Act. These deductions will save Nevada families and
taxpayers millions of dollars and are important to renew as our state's economy
and housing sector continue to recover. The bill will also help further
economic growth in our state. It invests in Nevada's clean energy future by
including tax credits for renewable energy production. I will continue to
ensure these tax cuts are protected for Nevada.
“Passing this also gives families with children who have a disability a way to
save for their child's medical expenses through Achieve a Better Life
Experience (ABLE) accounts. This important provision allows families to save
for their disabled children's future in the same way families are able to save
for other life expenses like covering the cost of children to go to
college.
“This legislation also provides more incentives for American companies to
create jobs by giving them a tax incentive for research and development. I hope
that as we move into the 114th Congress, Republicans will join us in
making many of these tax cuts permanent. Senate Democrats will continue to work
to strengthen the middle class and create jobs.”
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