In it, but not of it. TPM DC

House Republicans Poised To Spurn Senate Debt Deal

Boehners-rebound
AP Photo / Jacquelyn Martin

  • Temporary spending bill to re-open the government until Jan. 15.
  • Increase the debt limit enough to last until Feb. 7.
  • A two-year delay of Obamacare's medical device tax.
  • A requirement that the Obama administration verify the income of Americans receiving tax subsidies through Obamacare (specifics pending).
  • A revised version of the so-called Vitter Amendment, in this case requiring Congress members and executive department officials like President Obama -- but not their staffs -- to purchase insurance through the law's marketplace without federal employer subsidies.
  • Eliminates Treasury Department's ability to use "extraordinary measures" to avoid default.

The House is expected to vote on the bill today.

It's effectively a counteroffer to the deal brewing between Senate Majority Leader Harry Reid (D-NV) and Senate Minority Leader Mitch McConnell (R-KY) in the other chamber. It has a few similarities -- most importantly, the dates for funding the government and raising the debt limit appear roughly the same -- but some key differences.

It adds the medical device tax delay and revised Vitter amendment. It also removes a reported element of the Senate deal, which would have delayed Obamacare's reinsurance tax, a change that Senate Democrats sought in exchange for the income verification piece.

Senate Republicans, who were scheduled to meet at 11 a.m. ET to review the Reid-McConnell proposal, moved their meeting to 12:30 p.m. ET as news of the House GOP's plan broke.

About The Author

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Dylan Scott is a reporter for Talking Points Memo. He previously reported for Governing magazine in Washington, D.C., and the Las Vegas Sun. His work has been recognized with a 2013 American Society of Business Publication Editors award for Best Feature Series and a 2010 Associated Press Society of Ohio award for Best Investigative Reporting. He can be reached at dylan@talkingpointsmemo.com.