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HILL TAX BRIEFING: House Preps for Omnibus Vote

March 9, 2022, 11:08 AM

Congress released text in the small hours of this morning on a a bipartisan deal to fund the government for the rest of the fiscal year, on which the House is planning to vote later today.

The 2,741-page measure provides for a 6.7% increase in non-defense discretionary spending to $730 billion, and a 5.6% increase in defence spending to $782 billion.

Hotly contested areas were additional funding the White House requested to deal with coronavirus pandemic, for which President Joe Biden had requested $22.5 billion, and the Russia-Ukraine war, where he’d wanted $10 billion. After a last-minute compromise, the pandemic ...