Schumer announces Democrats' plan for 3-year extension of health care tax credits

Washington Senate Minority Leader Chuck Schumer revealed Thursday that Democrats are preparing to introduce legislation extending enhanced Affordable Care Act (ACA) tax credits for three years. The vote is scheduled for next week, reviving a key issue from the recent government shutdown debate.

"This is a clean three-year extension of ACA tax credits that we will bring to the Senate floor next Thursday, and every Democrat will back it," Schumer declared on the Senate floor Thursday morning.

The move follows efforts last month by a group of Senate Democrats to secure a vote on the expiring tax credits as part of the agreement to reopen the government. Without congressional action, millions of Americans could face significant increases in health insurance premiums in the coming year.

While some moderate Democrats considered a compromise plan aimed at achieving the 60 votes needed to advance legislation, Schumer opted for a straightforward extension. This decision makes it unlikely that Republicans will support the bill, though it places them in a politically challenging position.

During the government shutdown, Republicans rejected Schumers previous proposal for a clean extension. Senate Majority Leader John Thune commented Wednesday that the Democrats latest approach indicates they may not be focused on broader solutions. Thune also noted that Republicans have yet to decide whether to present their own health care plan alongside the Democratic measure.

"We are still coordinating with our members, but a plan is forthcoming," Thune told CBS News Thursday. Republican senators have been exploring various alternatives to address rising health care costs.

Schumer criticized Republicans ability to handle the health care issue, stating they remain divided on the matter. "Republicans have one week to decide: either support this bill and reduce health care costs, or oppose it and let premiums soar," he warned. "That is the choice facing the Senate next week."

Author: Jackson Miller