Obama shows interest in Republican debt limit, funding plan: Sen. Collins

WASHINGTON Fri Oct 11, 2013 2:59pm EDT

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WASHINGTON (Reuters) - U.S. Republican Senator Susan Collins said President Barack Obama on Friday expressed interest in elements of her plan to extend the federal debt limit and reopen the government, but "did not endorse it."

Collins said that during a meeting with Republican senators at the White House, Obama did not reject outright part of her plan that calls for a repeal of a tax on medical devices, which will help fund insurance subsidies in Obama's signature healthcare reform law, known as Obamacare.

"He obviously did not agree with my descriptions of the negative impact of the tax. But he clearly also recognizes that it is not the heart of Obamacare in any way, and that as long as the revenue is replaced, as I proposed, that it does not hurt his signature program," said Collins, who is from Maine.

(Reporting by David Lawder; Editing by Eric Beech)

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Comments (3)
brotherkenny4 wrote:
So, what is to replace the medical device tax? Seems like the obvious question/information that a competent report would mention.

Oct 11, 2013 4:00pm EDT  --  Report as abuse
auger wrote:
brotherkenny4 – borrowing, according to a previous report. We are again solving a borrowing problem by committing to borrow more. It appears to be acceptable so long as private industry lobbyists are sated. Disclaimer: I own pharma device maker stock, and it’s doing fine.

Oct 11, 2013 6:58pm EDT  --  Report as abuse
flashrooster wrote:
auger is right. The Republicans have their priorities. Sure, enough with the debt. But medical device makers are big contributors. Ehh, okay. More debt’s okay, and cut the medical device tax. Oh, and don’t forget the drop your checks in the kitty on the way out. Now where were we…Oh, yea. Public indignation over the debt. That’s the ticket.

Oct 11, 2013 12:51am EDT  --  Report as abuse
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