Congressional Budget Office Announces Tax Credit Extension Impact
Tax credits were introduced in 2021 as coronavirus stimulus and extended in 2022.
Credits expire Dec 31 unless Congress acts, with open enrollment starting Nov 1.
Democrats introduced a bill to make credits permanent, urging action by Sept 30.
CBO Director Swagel says extending credits by Sept 30 would lower 2026 premiums 2.4%.
Failure to act could cause premium spikes, higher uninsured rates, and political disputes.
1 month ago