Baucus: Obama not helping on financing
Posted: Thursday, July 16, 2009 2:19 PM by Mark Murray
Filed Under:
White House, Congress, Democrats
From NBC's Ken Strickland
Senate Finance Committee Chairman Max Baucus said President Obama is making his job harder to find money to pay for a massive health-care reform bill with the president's opposition to taxing employer-provided health-care benefits -- also called the employer "exclusion."
"The president is not helping us. He does not want the exclusion. That's making it difficult," Baucus said after a closed bipartisan meeting on health care. Last month, the Congressional Budget Office told the committee implementation the exclusion would generate more than $300 billion over 10 years.
Video: Some Senate Democrats want to move ahead with health care with or without Republican support, but President Barack Obama is trying to convince Congress bipartisanship is needed. Sen. Olympia Snowe, R-Maine, discusses.
The benefit tax fell out of favor after some Senate Democrats, included Majority Leader
Harry Reid, objected to it as a potential tax on the middle tax. Obama also was a staunch opponent of it during his campaign, and
criticized John McCain for wanting to tax health benefits "for the first time ever."
In a hearing before the House today, Congressional Budget Office Director Douglas Elmendorf said current Democratic plans for health reform do nothing to slow the rate in the growth of health-care costs (or commonly referred to as lowering 'the cost curve'). But Baucus said taxing employer benefits could help address that.
*** CLARIFICATION *** Elmendorf was referring to Democratic bills that have been written (like the House bill and Senate HELP legislation), not all Democratic plans.
"We are clearly going to find ways to bend the cost curve in the right direction... The exclusion is one way," he said. "Is the exclusion totally off the table? No, it's not totally off the table... There's still a lot of interest in it."
Baucus comments followed a bipartisan meeting of seven Finance Committee members. He hopes craft a bipartisan bill with the group and then present it to the full committee for votes. "I hope we can reach some kind of agreement by the end of the day," he said. But he quickly walked the timing back when reporter pressed him. "As soon as possible, I don't what to say today, but as soon as possible."