Congress Faces Deadline to Extend Enhanced ACA Tax Credits Amid Key Supreme Court Cases

Congress is under pressure to extend the enhanced Affordable Care Act (ACA) tax credits, which are scheduled to expire at the end of 2025. These subsidies, implemented during the COVID-19 pandemic, have helped reduce health insurance premiums for millions of Americans, and their expiration could lead to rate increases. Senate Majority Leader John Thune has promised a vote on a bill that would extend these tax credits for three years, requiring 60 votes to overcome a filibuster. Meanwhile, a bipartisan group in the House has introduced a similar proposal, but the House Speaker has not yet committed to a vote. Additionally, the U.S. Supreme Court is hearing several significant cases this week, including those addressing presidential authority over independent agencies, campaign finance coordination rules, and the determination of intellectual disability in death penalty cases. These cases have implications for regulatory and legal frameworks impacting various sectors.