Bill · S. 2556· Senate(119-S-2556)

Protecting Health Care and Lowering Costs Act

Age: 76 years

New York

Introduced: 7/30/2025
Last activity: 7/30/2025 — Read twice and referred to the Committee on Finance. (text: CR S4908)
Sponsored by: Charles Schumer
Cosponsors: - 44 - 0

Taxation

Introduced
In Committee

What this bill would do

This bill is titled the "Protecting Health Care and Lowering Costs Act." Its primary purpose is to repeal the changes previously made by the health subtitle of the One Big Beautiful Bill Act. Additionally, the bill seeks to provide a permanent extension of the enhanced tax credit. This extension involves amending specific sections of the Internal Revenue Code of 1986 regarding applicable percentages for various income tiers. These changes are intended to apply to taxable years beginning after December 31, 2025.

Yes· 3 of 7

Would households on low incomes be better off under this?+7
The expanded sliding scale of tax credits specifically benefits households at various levels of the poverty line.
Does this strengthen the Affordable Care Act?+6
The bill extends enhanced premium tax credits that strengthen the affordability of coverage under the Affordable Care Act.
Would middle-income households be better off under this?+5
The extension of tax credits provides significant premium relief for middle-income earners.

The opposite

Does this reduce what the federal government spends?-3
The extension of enhanced tax credits increases federal outlays to subsidize health insurance premiums.