AS AFFORDABLE CARE ACT CREDITS ARE SET TO EXPIRE, ATTENTION TURNS TOWARD 2025 TAX FIGHT

OMAHA, Nebraska (October 8, 2024)—As Nebraska For Us continues calling attention to the upcoming debate over the expiration of the 2017 GOP Tax Law, there’s a renewed focus on how other economic impacts could affect working class and middle income Nebraskans.  A recent piece from The New York Times notes that roughly 20 million Americans could lose access to tax credits that help make health insurance more affordable if Congress doesn’t act to extend them.

This upcoming change, along with next year’s expiration of the 2017 GOP Tax Law—legislation that disproportionately benefits the ultra-wealthy—adds another layer to the importance of enacting fairer tax policies that ensure the ultra-wealthy are paying their fair share.

“With the upcoming debate on the tax law, it is clear that we need legislation to make sure corporations and the ultra-wealthy are paying their fair share,” Nebraska For Us State Director Angie Lauritsen said. “In turn, that fairer tax code will generate new revenue so that we can continue funding ACA premium tax credits that help make healthcare more affordable for our neighbors and friends who live paycheck to paycheck.”

On the subject of tax policy, Nebraska For Us will hold a community forum at University of Nebraska at Omaha on Monday, October 14 at 11:30 a.m. with local organizations along with an elected member of the Nebraska Legislature and include a wide-ranging conversation on the impact of these policies. Members of the public are welcome to attend.

Nebraska For Us focuses on economic issues in Congressional District 2 and across the state. As we move toward 2025, the debate over tax fairness will continue to ramp up ahead of the 2017 law’s expiration.