Experts Weigh in on Fight over Obamacare Premium Tax Credit Extension
- Several Democrat senators are considering expanding COVID-era tax credits but are cautious about the financial impact.
- The government shut down due to lawmakers' failure to agree on a temporary spending extension needed to fund the government.
- Continuing expanded Obamacare credits could cost over $30 billion annually, according to the Committee of a Responsible Federal Budget.
- Senator Chris Coons expressed concern that millions of Americans may lose health insurance if the tax credits expire.
18 Articles
18 Articles
Here’s why Americans want ACA tax credits to expire
Even though the pandemic is long over, Democrats — and some Republicans — in Congress want to keep spending like it’s an emergency. Their latest demand? Making the bloated Obamacare subsidy expansion permanent. Congress has been operating as if these costly subsidies are popular. The secret’s out, though; most Americans want them to expire as intended. Covid expansions meant to help the less fortunate are handouts to the already well-off. When C…
Experts weigh in on fight over Obamacare premium tax credit extension
(The Center Square) – With the battle over extending pandemic-era Affordable Care Act subsidies raging in Congress, organizations across the political spectrum are highlighting the political pros and costly cons of making a temporary policy permanent.
Experts Weigh in on Fight over Obamacare Premium Tax Credit Extension
WASHINGTON, D.C. – With the battle over extending pandemic-era Affordable Care Act subsidies raging in Congress, organizations across the political spectrum are highlighting the political pros and costly cons of making a temporary policy permanent. The health care conflict is the cause of the ongoing government shutdown, which has lasted since Oct.1 after Senate Democrats first voted down Republicans’ seven-week funding stopgap. The House-passed…
‘The pandemic’s over’: GOP, Dem senators spar on camera over costly Obamacare subsidies
Several Democrat senators seemed ready to expand COVID-era Obamacare tax credits holding up spending legislation needed to reopen the government — but less willing to grapple with what that would mean for the country’s expenses. ‘I’ll disagree with the framing of deficit increase,’ Sen. Chris Coons, D-Del., said when asked about the program’s implications for the country’s bottom line. Others, like Sen. Alex Padilla, D-Calif., declined to respon…
‘The pandemic’s over’: GOP, Dem senators spar on camera over costly Obamacare subsidies – Your Capital Minds
Several Democrat senators seemed ready to expand COVID-era Obamacare tax credits holding up spending legislation needed to reopen the government — but less willing to grapple with what that would mean for the country’s expenses. ‘I’ll disagree with the framing of deficit increase,’ Sen. Chris Coons, D-Del., said when asked about the program’s implications for the country’s bottom line. Others, like Sen. Alex Padilla, D-Calif., declined to respon…
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