"We haven't had full discussions," he told The Hill. "Let's see what the Senate does."
The bill, Creating American Jobs and End Offshoring Act, encourages businesses to create jobs domestically by relieving them from payroll tax payments on new employees who perform services in the U.S. that were once done abroad.
Sen. Chuck Schumer (D-N.Y.) on Thursday said the measure had been set in motion procedurally and would like to see his chamber vote on it before leaving town, which is slated for next week.
"I hope so," he said. "I'd like to see it."
Sources tell The Hill the proposal has polled very well with voters, but its popularity might not be enough to get it through the Congress, let alone the Senate.
Aside from the bill granting a two-year payroll tax holiday for qualified workers, it also restricts the use of deferral, which could hinder its passage.
Members like Levin have said repeatedly that deferral should only be modified in the context of overall tax reform. And some are concerned that it could be open season on deferral if Congress passes this bill without giving at least some assurance that reform will be addressed early next year.