House approves 3-year Affordable Care Act tax credit extension as lawmakers eye compromise in Senate
CBS News••nation
Key Points:
- The House approved a three-year extension of Affordable Care Act health care tax credits in a 230-196 vote, with 17 Republicans joining all Democrats; however, the bill faces challenges in the Senate.
- The tax credits, which subsidize premiums for millions, expired at the end of last year and were central to the longest government shutdown; their extension aims to prevent premium doubling.
- Moderate Republicans support extending the credits as a starting point for bipartisan compromise, despite preferring reforms alongside the extension.
- Senate discussions continue around a two-year extension with reforms, including income caps, minimum premiums, and penalties for insurance fraud, but no agreement has been reached yet.
- Key obstacles include disagreements over the Hyde amendment on abortion funding, with conservatives opposing
