House Payroll Tax Cut Bill Includes "Doc Fix"
By: Colin Clarke
Updated: December 13, 2011
(Washington, DC) -- The House will take up a payroll tax cut extension measure today that includes many other provisions.
Wyoming Senator John Barrasso says it's necessary to extend the so-called "doc fix" that holds off a scheduled reduction in payments to doctors who see Medicare patients.
He says patients will have a much tougher time seeing a doctor if the health professionals are being paid less than before.
Barrasso says the additional cost of the "doc fix" can be covered by ending some subsidies to higher-income Americans who are Medicare participants.
The so-called payroll tax holiday expires at the end of this month.
Congressional leaders hope to recess at the end of the week for the Christmas holiday.
President Obama has threatened to keep lawmakers in DC over Christmas unless they approve an extension of the payroll tax cuts.
He warns that struggling families could face up to one thousand dollars in higher taxes next year without an extension.
(Copyright 2011 by VERTEXNews/Newsroom Solutions)
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