Sanders will oppose $1T ‘cromnibus’ package

Sen. Bernie Sanders, the outspoken liberal independent from Vermont, will vote against the year-end omnibus spending bill because of an array of Republican policy riders.

{mosads}Sanders, who is mulling a 2016 presidential bid, blasted the $1.1 trillion spending package for not investing in infrastructure and repealing part of the Dodd-Frank Wall Street reform law.

“Instead of investing in rebuilding our infrastructure to create millions of decent-paying jobs, this bad bill would let companies renege on the promises they made to their workers by cutting pension benefits of current retirees,” Sanders said in a statement he previewed with The Hill.

“Instead of cracking down on Wall Street CEOs who plunged the country into a terrible recession, this bill allows too-big-to-fail banks to make the same risky bets on derivatives that led to the largest taxpayer bailout in history and nearly destroyed the economy,” he said.

The legislation would soften the historic Wall Street reform bill by allowing banks backed by the Federal Deposit Insurance Corporation to trade in risky derivatives.

Sanders criticized the legislation for cutting funding for the Environmental Protection Agency and funding the Department of Homeland Security, which has jurisdiction over immigration, only until the end of February.

He also faulted it for spending hundreds of billions on the Pentagon instead of devoting it to shoring up Social Security and Medicare.

Tags Bernie Sanders Lame-duck Congress
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