February 17, 2012
Late Friday morning, the House of Representatives (293-132) and the Senate (60-36) passed the bipartisan agreement on legislation to extend the payroll tax holiday through the end of the year. This follows the short term fix that was passed in December. The legislation will now be sent to President Obama, who is expected to sign it.
Under this deal, which extends through the rest of 2012, the nearly $100 billion payroll tax cut would not be paid for, a result of Congress’s inability to compromise on new taxes or offsetting spending cuts. In addition, unemployment benefits would be extended.
Most important to SNM members, this agreement prevents a fee cut to Medicare providers, known as the "doc fix." There are no specific cuts to imaging included in the offsets.
The final agreement also includes the following short-term extenders:
Other health provisions contained in the agreement include: