Senate Minority Leader Chuck Schumer, D-N.Y., said Thursday that Democrats will force a vote next week to extend enhanced Affordable Care Act tax credits that are scheduled to expire, warning that premiums could jump for millions of Americans if Congress does nothing.
Schumer said the credits have shielded families from steep monthly bills and that letting them expire would push costs higher overnight for many enrollees. The tax credits help lower monthly premiums for people who buy coverage on the ACA marketplace.
In a floor speech, Schumer called his proposal a “clean” three-year extension of the subsidies, which cap what many enrollees pay for the average marketplace plan at 8.5% of their income. The additional assistance is set to lapse at the end of the year.
Read more at Newsmax© 2025 Newsmax. All rights reserved.