Trump signs $1.4 trillion spending package, averting shutdown
Sunday, December 22, 2019 | Tag Cloud Tags: News, tax, Trump, Worthy News | Learn about out FREE SYNDICATION
(Worthy News) – President Trump on Friday signed two spending packages totaling $1.4 trillion, averting a government shutdown at midnight.
The bills included all 12 annual appropriations bills for the 2020 fiscal year that started Oct. 1. They also included a slew of tax cuts, extending expiring and expired tax breaks and eliminating other taxes that amount to an additional $426 billion in lost revenue, bringing the total cost of the bill to more than $1.8 trillion.
The government spent the first quarter of the fiscal year operating on stopgap funding that was set to expire on Friday. Trump reportedly signed the bill while aboard Air Force One en route to Mar-a-Lago for the holidays. [ Source: The Hill (Read More…) ]
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