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...What's got into Geithner? The short answer: a deadline. With their energy bill stalled, health care dragging out and other initiatives pushed aside, financial reform is a high priority for an Administration in search of wins. Geithner's bosses at the White House are pushing to get a bill to the President for his signature by the end of the year, and Geithner is the point man in making that happen. (See 25 people to blame for the financial crisis...
...debate over how to fund a health-care-reform plan - and the idea of raising taxes, even just a little bit, to pay for it is causing heart failure among our legislators. They are looking for somewhere between $30 billion and $35 billion per year. If the bill isn't properly funded - if working-class families don't receive large enough tax credits to help pay for their newly mandated health insurance, if they're forced to pay thousands of dollars in new out-of-pocket expenses - Republicans will use "socialized" health care as a bludgeon against Democrats...
...only way to create health-care reform that will survive and be popular is to write a bill that doesn't stint on funding and promises to control future costs. The best way to do that is to end the $250 billion in subsidies the Federal Government pays to employees who receive corporate health-care benefits - benefits that aren't taxed. The money would be better, and more fairly, spent giving people tax credits to pay for health care, according to their income. This would have the additional benefit of controlling insurance costs, since people are more likely to shop...
...identifies as Republican. And the "Party of No" label might be starting to stick: a recent CNN poll found that GOP favorability has slipped to its lowest point in a decade - just 36% (though Democrats don't rate much higher). Former Republican heavyweights such as Bob Dole and Bill Frist have been pushing current party leaders on Capitol Hill to work with Democrats on health-care reform, which increasingly looks like it will pass in some form. And even a few of their own have begun to show impatience. "Ronald Reagan always had a positive, forward-looking agenda...
...Cantor surely knows this, which is why he's still busy working at overhauling the GOP's Party of No image. When asked if House Republicans will be unified in their opposition to the health-care bill, he instead focuses on all the areas in which Republicans and Democrats agree, such as emphasizing preventive medicine, electronic records, medical-liability reform and helping those with pre-existing conditions get coverage. It's a striking change of tone from a similar interview with TIME shortly before the stimulus vote, when the minority whip was cocky in his boast of unified opposition. Still...