Reid Set to Move to New Extenders Bill but Says No Clear Path Forward

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Senate Majority Leader Reid makes room on the Senate floor schedule to bring up a newly revised version of the tax extenders bill (H.R. 4213), but admits the bill is not yet ready and says he does not have a clear plan yet for passing it. Senate Finance Committee Chairman Baucus's last substitute amendment to the tax extenders bill (S. Amdt. 4369) is officially tabled and Reid says he intends to offer a motion to concur with a new and more substantially scaled down Baucus substitute as soon as it is ready. At the moment, however, “we have no outline at this time for how we're going to move forward,” Reid says. A draft of the bill and a preliminary CBO-JCT score leaked by Senate staffers suggest that the version of the bill being considered by Baucus will still add $35 billion to the budget deficit.