Tag: Max Baucus

Have you met your Senate Finance Committee?

Give em a call because your Future Health Care, or lack thereof, is in their hands.

Senate Committee on Finance

Members

REPUBLICANS

CHUCK GRASSLEY, IA

ORRIN G. HATCH, UT

OLYMPIA J. SNOWE, ME

JON KYL, AZ

JIM BUNNING, KY

MIKE CRAPO, ID

PAT ROBERTS, KS

JOHN ENSIGN, NV

MIKE ENZI, WY

JOHN CORNYN, TX

DEMOCRATS

MAX BAUCUS, MT

JOHN D. ROCKEFELLER IV, WV

KENT CONRAD, ND

JEFF BINGAMAN, NM

JOHN F. KERRY, MA

BLANCHE L. LINCOLN, AR

RON WYDEN, OR

CHARLES E. SCHUMER, NY

DEBBIE STABENOW, MI

MARIA CANTWELL, WA

BILL NELSON, FL

ROBERT MENENDEZ, NJ

THOMAS CARPER, DE

http://finance.senate.gov/site…

Chances are, these good Senators, while they hear us, have some other Constituents, always on their minds.

Welcome to the 12th installment of “Considered Forthwith.”

This weekly series looks at the various committees in the House and the Senate. Committees are the workshops of our democracy. This is where bills are considered, revised, and occasionally advance for consideration by the House and Senate. Most committees also have the authority to exercise oversight of related executive branch agencies.

This week, Considered Forthwith looks at the Senate Finance Committee. This committee is the other half of the health care reform debate equation. I detailed the other half, the Senate HELP Committee, last week.

In general, the Finance Committee handles tax measures and government-funded health insurance programs. As a result, this is a very powerful committee. Moreover, if health care reform dies, it will likely find its grave in this committee.

well, sort of … in a letter, at least …

msnbc.com

President Obama issued a public letter to Sens. Ted Kennedy and Max Baucus, the two Democrats seen as most key to the design of potential health-care legislation.

June 2, 2009

Dear Senator Kennedy and Senator Baucus:

[…]

In short, the status quo is broken, and pouring money into a broken system only perpetuates its inefficiencies. Doing nothing would only put our entire health care system at risk. Without meaningful reform, one fifth of our economy is projected to be tied up in our health care system in 10 years; millions more Americans are expected to go without insurance; and outside of what they are receiving for health care, workers are projected to see their take-home pay actually fall over time.

We simply cannot afford to postpone health care reform any longer.

[…]

I agree that we should create a health insurance exchange market where Americans can one-stop shop for a health care plan, compare benefits and prices, and choose the plan that’s best for them, in the same way that Members of Congress and their families can. None of these plans should deny coverage on the basis of a preexisting condition, and all of these plans should include an affordable basic benefit package that includes prevention, and protection against catastrophic costs. I strongly believe that Americans should have the choice of a public health insurance option operating alongside private plans. This will give them a better range of choices, make the health care market more competitive, and keep insurance companies honest.

[…]

Sincerely,

BARACK OBAMA

(emphasis added)

http://firstread.msnbc.msn.com…

Strong Words, need to be followed up with Stronger Actions.

(kind an inconvenient time for a Presidential road trip, eh?)

The topic below was originally posted yesterday evening at the Intrepid Liberal Journal.

A personal friend and avid reader of my blog recently complained that,

“You’re too tough on Democrats and Barack Obama. Since the election you’ve fired more rhetorical bullets at Democrats than Republicans.”

The Washington Post reports that while most of the United States was distracted by the bank bailout legislation in late-September as the markets melted, U.S. Treasury Secretary Henry Paulson quietly and illegally deregulated the tax law for the U.S. banking industry.

Paulson gave away a Quiet windfall by issuing a five-sentence notice.

The change to Section 382 of the tax code — a provision that limited a kind of tax shelter arising in corporate mergers — came after a two-decade effort by conservative economists and Republican administration officials to eliminate or overhaul the law, which is so little-known that even influential tax experts sometimes draw a blank at its mention. Until the financial meltdown, its opponents thought it would be nearly impossible to revamp the section because this would look like a corporate giveaway, according to lobbyists.

The reason it would look like a corporate giveaway is because it is a corporate giveaway — as much as $140 billion. Most tax lawyers think Paulson acted illegally, but Congress seems unwilling to call foul so not to risk being blamed for worsening the financial mess.