A (Bipartisan) Solution to SCHIP?

I haven't commented much on the who SCHIP battle, but I am beginning to think that this issue is being played for pure politics on both sides of the debate. For the Dems, this is an opportunity to paint the President and the Republicans as heartless thugs that hate children, and the President and the GOP can run around crying "socialized medicine" at charges that this program is doing more than helping the working poor and that a Canadian-style single-payer system is just around the corner if SCHIP passes.

It seems that there is a way to make sure that the SCHIP does give the children of working poor parents and also insures those kids who parents make above the cut off and yet still need help. Michael Franc of the Heritage Foundation notes that there was a bipartisan agreement introduced early in the year that would preserve SCHIP's mission to help those just above the poverty line, and give tax credits for those not eligible for SCHIP so that the parents can buy insurance.

It's a workable solution that could solve the problem, but I doubt either side would go for it: it would give away an issue to club the other side with in next year's election.