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Businessweek
Businessweek
Business
Sahil Kapur

The Truth About the Budget, From Gun Control to the Border Wall

(Bloomberg Businessweek) -- There’s less than meets the eye to some of the victories Republicans and Democrats have claimed after passing the $1.3 trillion omnibus spending bill. The Border Wall What Republicans say: The measure makes a down payment on President Trump’s promised southern border wall, to the tune of $1.6 billion in funding. What the bill says: Some of the money in the bill may be used for planning the development of a wall. But the law limits any construction of a physical barrier to fencing and levees. Gateway Tunnel Project What Northeastern lawmakers say: Amtrak funding of $540 million could be used for the tunnel connecting New York and New Jersey, along with $2.9 billion in grant money the project could bid on. What the bill says: No money is specifically earmarked for Gateway, which Trump opposes, and the $2.9 billion is subject to approval by the Department of Transportation. Gun Control Proponents such as Republican Senator John Cornyn of Texas: By adding the Fix NICS Act to the spending bill, Congress took a rare step to combat gun violence. What the bill says: The act makes no changes to gun laws; it merely gives agencies an incentive to comply with existing rules and report information to the background-check system. “You want to make these win-win situations where everybody can talk about what they got and not how they got screwed.” —Tom Davis, former Republican congressman from Virginia

To contact the author of this story: Sahil Kapur in Washington at skapur39@bloomberg.net.

To contact the editor responsible for this story: Dimitra Kessenides at dkessenides1@bloomberg.net.

©2018 Bloomberg L.P.

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