The Reconciliation Situation
by Dana Chasin, 3/5/2008
Senate Budget Resolution:
No reconciliation instructions included.
House Budget Resolution:
Instructs the House Ways & Means Committee to...
- produce a paid-for AMT fix -- at a $70.3 billion cost in FY09 by July 15, a date designed to avoid the delays in processing tax refunds threatened in last year's debate
- delay a scheduled 10 percent cut in Medicare physician payments scheduled to go into effect July 1, perhaps by cutting subsidies to private insurers under the Medicare Advantage program
- produce a reconciliation bill that would reduce the deficit by $750 million over five years
