Ryan: Can't get everything you want
WASHINGTON - "In divided government, you don't get everything you want." That's how House Speaker Paul Ryan is defending the spending and tax-cut compromise that's being prepared for House and Senate votes by the end of the week.
The measure extends dozens of tax breaks for businesses and families, while financing government operations through next year. House Democratic leaders are urging their rank-and-file to oppose the tax breaks, which are estimated to cost $650 billion over the next decade. The House's top Democrat, Nancy Pelosi, calls it "practically an immorality in terms of how it damages the future."
But Ryan is predicting that the twin tax and spending bills will get bipartisan support. He says everyone should find something to like.
Republicans are likely to strongly support the tax measure but lean heavily against the $1.1 trillion spending bill, which they consider too costly, meaning it will need Democratic votes to pass.