Sen. Chuck Grassley, the senior Republican on the Senate Finance Committee, said that a package of “relatively minor” tax increases, coupled with additional savings from Medicare and Medicaid, could prove the right mix to win support from a key group of GOP senators involved in negotiating legislation to overhaul the U.S. healthcare system.
While the Iowa senator did not comment on details of the tax proposals, committee Chairman Max Baucus (D-Mont.) has said that a wide swath of options is under consideration.
One proposal being discussed is the sale of healthcare bonds, while others include tighter taxes on businesses and fees on drugmakers.
In an attempt to lessen the amount of new dollars needed to make up about a $300 billion shortfall, the committee has searched for more savings from Medicare and Medicaid. And on Wednesday, Finance Committee Democrats called on the insurance industry to pay up to $100 billion to help defray the cost of what likely will be a $1 trillion reform bill.