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House Democrats fail again to release an updated health care reform bill (H.R. 3962), raising questions about when a final vote will occur, while Republican leaders also opt to delay release of their plan to modify the system without raising taxes. Republicans expect to unveil their substitute today. Disallowing a tax credit collected by paper companies for using a pulp byproduct known as black liquor to fuel their plants could be used in the House bill in lieu of the $26 billion worldwide interest allocation provision. Union leaders and advocates of employer-sponsored health plans urge House Democrats to strike a provision related to the Medicare Part D drug deduction. Businesses that pay taxes through the individual income tax system will bear the brunt of one-third of the tax revenues that will be raised by H.R. 3962, according to a JCT analysis.
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