The Baucus health reform bill mirrors his stimulus package, i.e. it has booty for the PEU boys (private equity underwriters). The America's Healthy Future Act has $1 billion in tax credits or Treasury loans for firms investing in new therapies to prevent, diagnose, and treat acute and chronic diseases. The criteria include:
1. Qualifying investments would include those made during 2009 and 2010.How many Carlyle Group affiliates will line up for a chunk of the $1 billion? How many CCMP Capital Adviser companies will benefit from Max's insertion? CCMP was White House Health Czar Nancy-Ann DeParle's previous employer.
2. Total of $1 billion would be allotted for the program over the 2-year period.
3. Eligible companies who are unable to utilize the credits would have the option to receive such credits in the form of Treasury loans.
If Max Baucus has a bill, rest assured it provides numerous corporafornication opportunities. His stimulus package included $25 billion in tax breaks for firm's buying back debt for pennies on the dollar. That was Carlyle's signature strategy at the time.
Don't watch Baucus sausage making, if you want to keep your lunch down.
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