Senate Strips ‘Doc Fix’ From Tax Extenders Legislation

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Senate leaders agree to remove the “doc fix” from the tax extenders bill (H.R. 4213) and pass it separately by unanimous consent, reducing the overall spending in the extenders measures by about $6 billion. The fully offset doc fix bill (H.R. 3962) would prevent a scheduled cut in Medicare reimbursements to physicians from occurring until at least Nov. 30. The bill also provides for pension funding relief for single employer and multiemployer pension plans that experienced large losses in asset values during 2008. Employers that opt out of requirements to pay more into their pension funds to offset losses would still have to make additional contributions if they pay compensation to any employee in excess of $1 million, according to a Finance Committee summary.