Jackie Headapohl at Mlive.com reports that the U.S. House of Representatives plans to take up a $180 billion bill that includes a provision to extend unemployment benefits and to fix the so-called Medicare DocFix problem through the end of the year. The Medicare fix is required each year to prevent a cut in Medicare reimbursement rates to doctors.
The bill has already been approved by the House and the Senate, but the two versions must now be reconciled.
Included in the bill is a proposed tax hike on fund manager pay that would raise about $20 billion over 10 years. Levin said House lawmakers have agreed to a change pushed by the Senate to gradually phase-in that tax increase.
Levin also said that $130 billion of the $180 bill would be paid for by closing tax loopholes. About $50 billion of the bill’s cost would be added to the deficit as Democrats exempted unemployment benefits and a provision to block a cut in Medicare payments to doctors from its pay-as-you-go rules.
The difficulty may be in getting the Senate to agree to the reconciled final bill.