Van Hollen Offers ACA Amendment to Protect Tax Credits

For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...

By Colleen Murphy

One tax-related amendment has been offered so far on the budget resolution (S. Con. Res. 3) that lawmakers will use to dismantle the Affordable Care Act.

Sen. Chris Van Hollen (D-Md.) on Jan. 9 submitted an amendment (S.A. 15) forbidding the Senate to consider any bill, resolution or amendment that reduces the premium tax credits offered in the ACA. The amendment is one of 21 submitted as of press time, though more will likely be offered in advance of a “vote-a-rama” on the resolution later this week.

The submission of an amendment doesn’t guarantee it a floor vote. Senators are expected to begin the budget vote-a-rama—an hours-long voting session where potentially dozens of amendments will be considered—on Jan. 11, as a first step toward repealing the ACA.

‘An Important Part.’

The premium tax credits are “an important part of keeping coverage affordable,” Bridgett Frey, a spokeswoman for Van Hollen, told Bloomberg BNA in a Jan. 9 e-mail. The credits are designed to help low- and moderate-income families afford insurance purchased through an exchange, and are allocated based on a sliding scale.

“Ensuring that working families in Maryland and across the country are able to afford health insurance is central to the progress we’ve made under the Affordable Care Act,” the statement said.

To contact the reporter on this story: Colleen Murphy in Washington at cmurphy@bna.com

To contact the editor responsible for this story: Meg Shreve at mshreve@bna.com

Copyright © 2017 The Bureau of National Affairs, Inc. All Rights Reserved.

Request Daily Tax Report