6 Things You Won’t Believe That Are In The Fiscal Cliff Bill That The Senate Passed At 2 AM While Most Americans Were Drunk —Business Insider

Extra Help for Puerto Rican Rum, Asparagus Farmers,  Hollywood TV Production, 2-3 Wheeled Electric Vehicles, and Diesel Fuel

Joe Weisenthal at Business Insider  gives us the lowdown: 

On January 1, just before 2 AM, the Senate overwhelmingly agreed to pass a bill that will avert the Fiscal Cliff. The House approved it late that night.

The bill is pretty straightforward. Income tax rates will only rise on those making over $400K (liberals wanted $250K, GOP wanted no taxes to rise). Spending cuts will be delayed for 2 months to give the sides more time to address them.

So why is the bill 157-pages long?

Because when Washington does business and passes a huge bill, there are all kinds of little other pre-existing tax things most Americans have never heard of, but which needed to be extended, that also get into the bill. It’s just how it works.

Read more.

It’s Tough to Pass Any Legislation Without Some Pork