Democrats Push Legislation to Make ACA Subsidies Permanent
The proposed bill aims to extend enhanced tax credits that lower health insurance costs, setting up a significant political battle.
- Senators Jeanne Shaheen and Tammy Baldwin are introducing a bill to make the Affordable Care Act's enhanced tax credits permanent.
- The expanded tax credits, initially created during the COVID-19 pandemic, are set to expire at the end of 2025.
- Democrats argue that making the tax credits permanent will prevent millions of Americans from facing higher health care costs and losing insurance coverage.
- Republicans criticize the subsidies as costly and inflationary, with some alleging they lead to fraud and misuse of federal funds.
- The Congressional Budget Office projects that extending the tax credits would cost the federal government approximately $335 billion over the next decade.