John,
On January 1st, healthcare costs skyrocketed for tens of millions of people who get their health insurance through the Affordable Care Act exchange. But it’s not too late for Congress to act.
House Leader Hakeem Jefrries has secured enough signatures on his discharge petition to force a vote in the House on an extension of the enhanced ACA premium tax credits. And the vote is expected later today!
Send a message to your Representative right now, urging them to pass an extension of the ACA subsidies to lower out-of-pocket healthcare costs for more than 20 million Americans.
Americans for Tax Fairness research shows that any minor tax savings that working families expect to receive from the Trump-GOP tax scam will be completely wiped out by rising healthcare costs.[1]
While a household making over a million dollars a year can expect a tax cut of roughly $100,000, the median family is estimated to receive just $1,500 this year. But for a single 45-year-old earning $62,000 who gets their health insurance through the ACA exchange, they’d pay $1,470 in higher health insurance premiums, negating 98% of that tax cut.
But it’s far worse for older Americans and families. A 60-year-old couple earning $82,000 a year would see their health insurance costs rise by $18,400 this year while a family of four earning $126,000 would see an $8,400 increase.
At a time of increased costs on everything from food to housing, healthcare affordability is one area that Congress can address right now.
Click here to send a message to your U.S. Representative and urge them to pass an extension of the enhanced Affordable Care Act premium tax credits now.
Thank you for taking action today, demanding Congress address skyrocketing out-of-pocket costs.
John Foti
Legislative Director
Americans for Tax Fairness Action Fund
[1]
For Many Families, Trump-GOP Healthcare Premium Hikes Wipe Out Potential Tax Cuts