[Congressional Record Volume 156, Number 161 (Wednesday, December 8, 2010)]
[Senate]
[Pages S8631-S8632]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TAXPAYER ASSISTANCE ACT OF 2010
Mr. BENNET. Mr. President, I ask unanimous consent that the Finance
Committee be discharged from H.R. 4994, the Taxpayer Assistance Act of
2010, and that the Senate then proceed to its immediate consideration.
The PRESIDING OFFICER. Without objection, it is so ordered.
The clerk will state the bill by title.
The assistant legislative clerk read as follows:
A bill (H.R. 4994) to amend the Internal Revenue Code of
1986 to reduce taxpayer burdens, enhance taxpayer protection,
and for other purposes.
There being no objection, the Senate proceeded to consider the bill.
Mr. BENNET. Mr. President, there is a substitute amendment at the
desk, and I ask that the amendment be considered and agreed to; that
the bill, as amended, be read the third time; and that after the
reading of the Budget Committee pay-go letter, the bill, as amended, be
passed; and that the title amendment, which is at the desk, be
considered and agreed to; further, that any statements relating to the
measure be printed in the Record.
The PRESIDING OFFICER. Without objection, it is so ordered.
The amendment (No. 4742), in the nature of a substitute, was agreed
to.
(The amendment is printed in today's Record under ``Text of
Amendments.'')
The amendment (No. 4743) was agreed to, as follows:
Amend the title so as to read: ``An Act to extend certain
expiring provisions of the Medicare and Medicaid programs,
and for other purposes.''.
The PRESIDING OFFICER. The clerk will read the pay-go letter.
The assistant legislative clerk read as follows:
Mr. Conrad: This is the Statement of Budgetary Effects of
PAYGO Legislation for H.R. 4994, as amended.
Total Budgetary Effects of H.R. 4994 for the 5-year
Statutory PAYGO Scorecard: net increase in the deficit of
$2.278 billion.
Total Budgetary Effects of H.R. 4994 for the 10-year
Statutory PAYGO Scorecard: net decrease in the deficit of
$17.276 billion.
Also submitted for the Record as part of this statement is
a table prepared by the Congressional Budget Office, which
provides additional information on the budgetary effects of
this Act, as follows:
[[Page S8632]]
ESTIMATE OF THE STATUTORY PAY-AS-YOU-GO EFFECTS FOR H.R. 4994, AN ACT TO EXTEND CERTAIN EXPIRING PROVISIONS OF THE MEDICARE AND MEDICAID PROGRAMS, AND FOR OTHER PURPOSES (AS INTRODUCED ON
DECEMBER 7, 2010--ERN10381; ASSUMED ENACTMENT LATE DECEMBER 2010)
[By fiscal year, in millions of dollars]
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2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2011-2015 2011-2020
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Net Increase or Decrease (-) in the On-Budget Deficit
Total On-Budget Changes..................................... 12,035 7,038 299 -742 -1,849 -2,893 -3,626 -4,037 -4,336 -4,662 -16,782 -2,772
Less:
Current-Policy Adjustment for Medicare Payment to 9,624 4,881 0 0 0 0 0 0 0 0 14,505 14,505
Physicians \1\.........................................
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Statutory Pay-As-You-Go Impact.............................. 2,412 2,157 299 -742 -1,849 -2,893 -3,626 -4,037 -4,336 -4,662 2,278 -17,276
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Notes: Components may not sum to totals because of rounding. This legislation would freeze Medicare's payment rates for physicians' services at the current level through the end of December
2011 and extend many other expiring provisions in Medicare. Additionally, the legislation would limit the aggregate amount recovered from reconciliation of income used for determining
eligibility for tax credits provided through health insurance exchanges.
\1\ Section 7(c) of the Statutory Pay-As-You-Go Act of 2010 provides for current-policy adjustments related to Medicare payments to physicians.
Sources: Congressional Budget Office, Staff of the Joint Committee on Taxation.
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