The powerful Senate Finance Chairman Max Baucus (D-MT) announced yesterday he will retire from the Senate in 2014. While it was well known that Baucus faced a tough re-election in the moderate state of Montana, the announcement came as a surprise to many. According to the New York Times, Baucus has $5 million in his… Read more »
Posts Tagged: Baucus
UPDATE: In a press release, Senator Baucus clarifies his train wreck remark to say that he did not in any way mean the law, but the Administration’s implementation and education. To say he is the author of the Affordable Care Act may be a slight exaggeration, but Senator Max Baucus was a major influence on… Read more »
Two Senators are expected to introduce bills today to repeal the new 1099 reporting requirements, a sign of growing momentum towards repeal.
The president’s deficit commission today held its long-awaited vote on recommendations to balance the budget and reduce the deficit, and despite bipartisan praise of the plan, it failed to garner the 14 votes needed to pass on to Congress. The final tally was 11-7 in favor of passage with a mixture of Democrats, Republicans, and… Read more »
Two 1099 repeal amendments were debated yesterday as part of the food safety bill, but both failed under the Senate’s 2/3rds rule for passage. The Johanns amendment (S.Amdt 4702) was a complete repeal with the offset coming from rescinding $39 billion in non-Defense Department discretionary spending, i.e. unused stimulus funds. His amendment failed 61-35, with… Read more »