Page 6 - Doc Fix News Today

Difference does it make if you lose just one paycheck. lets go back and look at sequester. just one paycheck is a lot for some people. >> and the savings rate in this country, particularly if you look at the working poor or even folks that would count as the middle class, theres not a lot of cushion in savings. if you miss that first check three days after christmas, which people know, you are spending a lot of your disposable income in this month, youre going to be in trouble. >> were talking m...

The unemployment compensation. thats when congressman levin and i went to say, heres our proposal to fix unemployment compensation. let the house have a vote. look, the speaker is in the majority here, and they have refused those 1.3 million americans -- >> but quickly, you talk about the outrage over this move on the medicare doc fix as opposed to extending unemployment benefits. you were quoted as saying that could upset the apple cart and could put at risk the budget agreement here. so is thi...

From texas, subcommittee chairman, kevin welcome back to "the ed show." youre looking live at the house floor debate on the budget deal which is going to cut $85 billion out of the budget in the next two years. they have been debating the doc fix and other issues. were awaiting the house vote. in other news, governor rick snyder approved right to work laws in michigan one year ago with the promise of radically changing the states business climate. >> i think its very important its about giving...

Rape of women and all that. the fight. they have to deal with benefits extension. they have to deal with the medicare doc fix. theyve got a farm bill and decide whether we have a federal reserve chairman or not. they act like -- do they have a choice whether we have a federal reserve or not? >> heres the one thing that they may also fight over before the holidays. thats whether or not they should cut food for hungry children by $4 billion or $40 billion. s.n.a.p. >> the food stamp program. >> ri...

Much higher unemployment. >> youre talking about the sequester? >> the sequester and the repeal of taxes at the same time. plus the sequester. plus, you would have had no -- extensions of unemployment would have gone away. the doc fix, that is say, medicare rates would have gone down by 20%. so a lot of people would not have been able to get taxes. it was better than the alt ti . alternative. i think we will look back on this as either a good thing or a bad thing in the next two months. >> let m...

The medicare doc fix and that s avoiding a scheduled 27% cut mckinley reimbursement for medicare services for are one year. that would also boost the deficit. also a place for the sequester, the across-the-board cuts that would hit the pentagon and domestic programs but only replaces that for two months and that was one of the biggest fight on the senate side before the senate passed this piece of legislation. right now you are listening to jim rand, democrat from maryland. lets listen in. >> we...

Would have gotten up to the bush tax cuts making the tax rates extending for all income up to $400,000 individually, $450,000 for married couples. are there things in here that republicans can say you know what, this is -- this is a good deal in one sense? >> well, there are thing theres is a really a national consensus on. the doc fix which would automatically kick in a reduction in the amount of payment that a doctor would get for a medicare patient which there was a built in law in the the 90...

Fact increasing spending on the deficit and debt bill that originally that was the purpose of the supercommittee and the purpose of the whole process. >> thats true but tax cuts cost money. that is just the truth. and republicans wanted more. but there are some things that would have happened to our economy that really would have been quite scary and charles you mentioned some of them. truly, the stimulus money doesnt -- is not -- was not going to affect the economy. but the medicare providing d...

The spending cuts? there are very few of them in the bill. there are 620 billion in tax increases but only 15 billion in spending cuts. thats going to be unpalatable for a lot of republicans in the house who believe they were sent to washington with one mission: to cut spending. the bill raises tax rates on inces over $400,000 for individuals and $450,000 for couples. it blocks for two months spending cuts or sequestration to military and government programs. it extends unemployment benefits for...

Of a tax break for those caught in the a.m.t. theres the removal of the medicare reduction payment for doctors known as the doc fix, extended for the next year. there is the estate tax thats been established permanently for folks who -- protecting estates under $5 million. theres a bunch of things in there that might attract republicans. the most important element, i think, if it passes the house that will attract republicans is the fact that this deal does not do anything about the debt limit. ...