Page 12 - Doc Fix News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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. let's listen in. >> we will have none of those resources to make that investment after we make this vote tonight. and the...

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 there's 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 '90s to cut the spending in medicare. it was a complete disaster. every year it gets waved. and the i...

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. >> that's 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 doesn't -- is not -- was not going to affect the economy. but the medicare providing doctors closing up their clinics taking a 30% pay cut. the milk fromming go $4 a gallon to $8 or $3...

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. that's 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 the long-term jobless for another year. it prevents a 27% cut in fees for doctors who treat medica...

Of a tax break for those caught in the a.m.t. there's the removal of the medicare reduction payment for doctors known as the doc fix, extended for the next year. there is the estate tax that's been established permanently for folks who -- protecting estates under $5 million. there's 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. remember, obama really wanted to include a debt ceiling increase at least for a year. that's not ...