TYT: Bipartisan Budget Agreement: More Handouts For Rich

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Last night, under the cover of the GOP debate, we had a bipartisan budget deal. Now it’s going to Obama. Paul Ryan seems very excited. Cenk Uygur and John Iadarola (Think Tank), hosts of the The Young Turks, break it down. Tell us what you think in the comment section below.

"Speaker Paul Ryan (R-Wis.) announced to the House Republican Conference on Tuesday night that leaders have reached a sweeping year-end deal on taxes and funding the government after days of intense negotiations...

The full text of the 2009-page omnibus bill was posted online early Wednesday morning at about 1:30 a.m…

He told colleagues that the spending bill will postpone the "Cadillac tax" on expensive healthcare plans and the tax package will place a two-year moratorium on the medical device tax, two critical sources of revenue for ObamaCare.

The Speaker told rank-and-file Republicans that they won more victories in the tax package than in the $1.15 trillion omnibus funding bill, which has been largely stripped of the policy amendments that Republicans wanted, according to a GOP lawmaker in the room.

Rep. Kevin Brady (R-Texas), chairman of the tax-writing Ways and Means Committee, said the tax package provides $560 billion through breaks that will no longer expire — and $650 billion in total tax relief — over 10 years.”*

Read more here: http://thehill.com/homenews/senate/263374-leaders-clinch-deal-to-push-back-obamacare-taxes