By Jeffrey Young - 07/16/09 01:49 PM EDT
Finance Committee Chairman Max BaucusMax BaucusWyden unveils business tax proposal College endowments under scrutiny The chaotic fight for ObamaCare MORE (D-Mont.) said Thursday that a same-day bipartisan deal on
healthcare reform is possible.
“I hope we can reach some kind of agreement by the end of the day,” Baucus said after a two-hour meeting with a core group of negotiators including Finance Committee ranking member Chuck GrassleyChuck GrassleyAdvocacy group seeks probe into DOD statements on sexual assault Social Security moves to block the mentally ill from purchasing guns GOP group enlists public with opposition research app MORE (R-Iowa), Sen. Kent Conrad (D-N.D.) and others. Also Thursday, Senate Majority Leader Harry ReidHarry ReidDemocrats race to link GOP incumbents to Trump Mellman: Give positive a chance Koch network super-PAC launches ad buys in Wisconsin, Nevada MORE (D-Nev.) told reporters he hoped to put healthcare reform legislation on the Senate floor the week after next and to pass it before the four-week August recess.
Indeed, almost immediately after expressing hope that a round of intense meetings with senators would produce a deal on which the Finance Committee could base its bill, Baucus backpedaled. “I don’t want to say today, but as soon as possible,” he said.
Even if the Finance Committee begins its markup next week, its bill would have combined with a partisan bill approved Wednesday by the Health, Education, Labor and Pensions Committee, but Baucus suggested that the hardest part is the bipartisan deal.
“Once I can get an agreement, then I think the rest of this will be very easy” by comparison, he said.
The chief remaining challenge, Baucus indicated, is figuring out how to fully pay for the estimated $1 trillion in new spending the measure would require.
In particular, Baucus said that President Obama’s opposition to capping the tax exclusion for workers’ health benefits has made it tougher to come to terms with the bipartisan group.
“Basically, I’m saying the president is not helping us. He does not want the exclusion [capped]. That’s making it difficult,” Baucus said.
Obama campaigned against Sen. John McCainJohn McCainDemocrats race to link GOP incumbents to Trump Against all odds: It’s Trump Five takeaways from Indiana MORE’s (R-Ariz.) plan to replace the current tax-free status for workplace health benefits with a tax credit.
Though Baucus never proposed to go that far, he and his core negotiators were seriously considering a health benefits tax until Senate Majority Leader Harry Reid (D-Nev.) sent word last week that Baucus needed to look elsewhere.
Again, Baucus backpedaled. “Is the exclusion totally off the table? No, it’s not totally off the table,” he said. Conrad, for example, has floated the idea of limiting the tax on benefits valued at more than $25,000 a year.
Obama has proposed raising $317 billion by capping itemized deductions for wealthy taxpayers, but Baucus has never warmed to the proposal. “I tell you, that’s on the table but there’s very little interest, there’s very little support,” he said.