TIME IS RUNNING OUT TO AVERT A MASSIVE HEALTH CARE TAX HIKE

CONGRESS MUST PRESERVE PREMIUM TAX CREDITS BEFORE THE END OF THE YEAR

Congress secured a historic victory for President Trump and the American people by passing the One Big Beautiful Bill Act (OBBBA), extending critical tax cuts and advancing many additional solutions to unleash greater prosperity.

But unless lawmakers act quickly, that victory could be undercut by a massive health care tax hike set to hit millions of hardworking Americans when premium tax credits (PTCs) they rely on to purchase affordable health insurance coverage expire at the end of this year.

“The One Big Beautiful Bill makes the 2017 tax cuts permanent. That’s good. But it does not address the tax credits which make health insurance premiums low for working Americans.”
— Hugh Hewitt, The Hugh Hewitt Show

“They’re going to have to address the tax credits on the health care as an issue… Let’s take a look at the, at the health insurance marketplace, and make sure that people that work for a living that need health care can still get it, and they can still get it at an affordable price… without the government having to get more involved in the health care system.”
— John McLaughlin, Trump Campaign Pollster

Millions of Americans are at risk of facing skyrocketing costs or losing their coverage entirely without immediate action.

Allowing PTCs to expire would result in:

  • HIGHER PREMIUMS for 24 million hardworking Americans who buy their own health insurance through the individual marketplace.
  • LOST COVERAGE for more than five million Americans who will no longer be able to afford their plans.
  • ECONOMIC FALLOUT: 286,000 jobs lost, a $34 billion decline in GDP, and a $57 billion reduction in economic output.
  • $1 TRILLION IN LOSSES for health care providers and hospitals, placing American communities, especially in rural areas, at severe risk for reduced access to care.
  • SMALL BUSINESSES IN CRISIS as the tax hike will disproportionately hit small business owners who make up one-quarter of Americans who buy for themselves and their employees in the individual market.

This would be a staggering tax hike on Americans who did everything right: working hard, buying their own health coverage, and playing by the rules.

There’s still time to preserve the PTCs and avert the health care tax hike before it’s too late.

TELL CONGRESS: TIME IS RUNNING OUT.

STOP THE HEALTH CARE TAX HIKE.