The new federal budget is chock-full of goodies for pollutocrats

Posted: December 13, 2014 in Uncategorized


House Republicans and Senate Democrats have managed to agree to a budget that will fund the federal government through next September, just in time to avoid a shutdown. But the bill undermines some environmental policies while giving big banks and big political donors more freedom to run roughshod over the American public.

The agreement was made possible because Republicans dropped their most unreasonable demands, such as preventing the EPA from finalizing its proposed power-plant regulations and blocking Obama’s new executive order on immigration. Leaving out such extreme and unrelated measures cost the budget bill a number of votes from right-wing Republicans.

But the GOP and its corporate backers still got a lot of goodies. One of the biggest: The legislation would undo a key element of the Dodd-Frank financial-reform law that requires big banks to move risky derivatives trades into separate entities not backed by the FDIC. That caused a liberal…

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