OK, so this pack - tax package includes about 50 tax breaks. None of them are new. They were all existing tax breaks. What this did was make them permanent. It gives some certainty for people when they're filing taxes that they don't have to wonder if Congress is going to renew them year after year.
Susan DavisMost of them benefit businesses, things like research and development tax credits. But people will also benefit, too, from things like - the earned income tax credit and the child tax credit have been made permanent. They predominantly help lower-income families.
Susan DavisAnother agency - the IRS - did not do as well under Republicans who control Congress. The IRS is largely flatlined in their spending, but they did get about 300 million more funding. But I can only be used to help people pay their taxes and answer questions. It can't be used for any other purpose.
Susan DavisOK, so $1 trillion is what it costs to run the federal government for one year. So this money's going to run through September of 2016. Half of the trillion dollars goes to defense spending and the Pentagon. The other half goes to domestic spending - everything from prisons to parks. So there's also about 74 billion in there that goes to the military operations that we have ongoing in Iraq and Afghanistan and Syria.
Susan DavisIt ends a 40-year ban on exporting U.S. oil. It's changed - it's included in its cyber-security legislation - that says to private companies, hey, if you share with us your data on your cyber-attacks, your potential cyber-attacks, we'll give you liability protection. And they authorized a health care program for 9/11 responders for 75 years to cover the length of their lifespans.
Susan Davis