A senior aide to Senate Majority Leader Harry Reid (D-Nev.) told CNSNews.com that it is “likely” that Reid will use H.R. 1586—a bill passed by the House in March to impose a 90-percent tax on bonuses paid to employees of certain bailed-out financial institutions—as a “shell” for enacting the final version of the Senate’s health care bill, which Reid is responsible for crafting. ...[# More #]
“It is not definite, but at this point likely, since it is what is available on the calendar,” said the senior aide about Reid using H.R. 1586 as a vehicle for the final text of the Senate health care bill.
“If we received another revenue raising bill from the House, we could use that as well,” said the aide. “The underlying text of the bill only matters in the fact that it is a revenue raising bill so that it can serve as a vehicle for us to use. That is all it is. Once you substitute another bill into it that is what the legislation becomes.”Full story available here.
The aide explained that the health care bill will contain tax provisions and that because the Constitution allows only the House to originate revenue bills, the health care bill must originate in the House. To comply with that constitutional mandate, the Senate must attach its version of the health-care bill to a tax bill that has already passed the House.