Senate expected to take up extenders next week
Shortly before departing for the Memorial Day recess, the House passed the $116 billion package in two parts, making it easier to get part of the legislation done.
The first bill, which passed 215-204, included $39.5 billion for an extension of unemployment benefits that aren’t offset. It also includes $53 billion in tax extensions, a new summer jobs program and $1.15 billion in payments for black farmers who suffered bank loan discrimination. All of those expenses are offset with tax increases on investment fund managers that kick in early next year.
The second part of the bill costs $23 billion and includes a 19-month “doc fix” that delays a cut in Medicare reimbursements to doctors. That part passed easily, 245-171.
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