This wasn't in the news anywhere, I just decided to check the progress of the appropriations bill and found this. There are 2 bills the Senate is debating right now (on a Saturday).
The first is HR3630, the "Middle Class Tax Relief and Job Creation Act of 2011", which will reduce revenues by $130 billion and increase outlays by $36.8 billion in FY2012, for a total increase of 166.8 billion to the 2012 deficit. Another version is called the " Temporary Payroll Tax Cut Continuation Act of 2011", which would increase the deficit only $30 billion. (This was just released today, December 17, and it is pretty cool that the budget analysts are working today).
The other one is HR2055, the appropriations bill, which is still under debate as we speak.
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