New Spending Bill Upsets Both Dems, GOP

Ad Feedback  - Congress is debating a giant $410 billion bill to fund the government for the next year.

The bill contains several pricey "earmarks" for special projects like lobster research and studying smelly pigs.

And the measure would raise government spending by a near-record eight percent upsetting both Democrats and Republicans.

"So we get tens of billions of unnecessary and wasteful earmarks. So much for the promise of change," Sen. John McCain, R-Ariz., said.

During campaign season the candidates all promised to get rid of earmarks.

Key Dems Oppose Obama Tax Plan

Meanwhile, a handful of key Democrats on Capitol Hill are opposing the President's proposal to limit tax deductions for high-income earns.

They are worried that the plan could hurt charities and the housing market.

"I don't want to prejudge anything, but it is certainly one that I am having difficulties with," said Sen. Robert Menendez, D-N.J.

On Tuesday, Rep. Charles Rangel, chairman of the tax-writing House Ways and Means Committee, said he, too, had reservations about the proposal.

"I would never want to adversely affect anything that is charitable or good," the New York Democrat said.

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