Hello John, A big issue for 2025 will be extending the Trump tax cuts enacted in 2017. Under the terms of that law, most of the tax cut provisions — including lower individual tax rates and a bigger standard deduction — expire at the end of this year. If Congress lets that happen, most Americans will see their taxes go up. How much? We’re talking $1,500 a year for the average family of four. American families can’t afford to pay higher taxes on top of Joe Biden’s legacy of higher prices! To renew the tax cuts, Republicans in Congress will use a process known as “budget reconciliation,” which allows for expedited consideration of the bill, or the “big, beautiful bill,” as President Trump calls it. How health care and the Personal Option fit into this: The House Budget Committee has identified more than $4 trillion in federal health care savings that could help finance the tax cuts, including many reforms that together we’ve been pushing as part of the Personal Option. Helping to keep the tax cuts and improve health care sounds like a win-win to me! Some of those savings options include: - making Medicare payments site neutral
- letting states establish a work requirement for Medicaid
- repealing Joe Biden’s rules on things like short-term, limited-duration health plans — all parts of the Personal Option
In fact, Congress will inevitably have to address Washington’s wasteful health care rules and out-of-control spending. How you can help: Congress needs a nudge to address these health care changes. Some lawmakers will push back hard because these reforms shift power from Washington to the people — that’s what the Personal Option is all about. So, please, let Congress hear from you. Let them know you want them to tackle health care to not only help pass the tax cuts but also improve the health care system. |