A trio of centrist Senate Republicans is pushing a plan to reopen the government for six months, extend the debt ceiling until Jan. 31, 2014 and make reforms to ObamaCare.
Sen. Susan CollinsSusan Margaret CollinsLooking to the past to secure America's clean energy future Collins to endorse LePage in Maine governor comeback bid McConnell privately urged GOP senators to oppose debt ceiling hike MORE (R-Maine) is spearheading the proposal along with Sens. Kelly AyotteKelly Ann AyottePoll: Potential Sununu-Hassan matchup in N.H. a dead heat Democrats facing tough reelections back bipartisan infrastructure deal Sununu seen as top recruit in GOP bid to reclaim Senate MORE (R-N.H.) and Lisa MurkowskiLisa Ann MurkowskiGOP warns McConnell won't blink on debt cliff Graham tries to help Trump and McConnell bury the hatchet Trump, allies launch onslaught as midterms kick into gear MORE (R-Alaska).
The delay of the Medical Device Tax would be paid for by extending pension smoothing provisions contained in the highway transportation bill, MAP-21, that Congress passed in 2012. Pension smoothing allows the government to spread out pension losses over extended time periods.
Many Republicans, however, called for a full repeal of the tax.
An amendment repealing the device tax passed the Senate earlier this year by a vote of 79 to 20.
The plan would fund the government at an annual rate of $986 billion for six months and extend the debt limit until the end of January.
It would also create a Senate-House conference on the budget and instruct conferees to report their work by Jan. 15, 2014. This element of the proposal, however, is still under discussion.
The Senate will vote Saturday on a clean 14-month extension of the debt limit sponsored by Senate Majority Leader Harry ReidHarry Mason ReidTo Build Back Better, we need a tax system where everyone pays their fair share Democrats say Biden must get more involved in budget fight Biden looks to climate to sell economic agenda MORE (D-Nev.). Republicans are expected to block it.
This story was corrected at 11:13 a.m.