After successfully holding strong in the face of a Democrat-led government shutdown over Obamacare, a cabal of House Republicans is now waiving the white flag on the issue.
On Thursday, nearly three dozen Democrats and Republicans introduced a proposal to extend taxpayer-funded Obamacare subsidies. As Federalist Senior Contributor Christopher Jacobs has regularly reported in these pages, these Biden-era subsidies — which are set to expire at the end of this year — have been a complete and total disaster.
Spearheaded by Reps. Josh Gottheimer, D-N.J., and Jen Kiggins, R-Va., the measure “would extend and reduce the tax credits in a two-step process, requiring two separate votes by Congress,” according to The New York Times. While the first vote “would extend the tax credits for a year with some modifications, including the addition of a new income limit,” the second vote “would implement what the group described as ‘more significant reforms,’ including potentially eliminating $0 premiums, with exceptions for need-based support.”
During a press conference introducing the proposal, Democrat-turned-Republican Jeff Van Drew laid out his best case for forcing taxpayers to keep bankrolling this broken system. The New Jersey congressman’s explanation as a self-declared “conservative” was (naturally) unconvincing.
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