Bipartisan Bill Emerges as the Only ACA Tax-Credit Fix That Saves Taxpayers Money

The Committee for a Responsible Budget estimates Liccardo and Kiley’s Fix It Act will save taxpayers $90 billion in net savings over ten years.

WASHINGTON, DC – A new analysis from the Committee for a Responsible Federal Budget shows that Representatives Sam Liccardo (D-CA) and Kevin Kiley’s (R-CA) bipartisan Fix It Act is the only proposal to extend ACA premium tax credits that would reduce the deficit—saving taxpayers an estimated $90 billion over the next decade.

The Fix It Act pays for the extension by including savings from cost controls and protections against fraud and overpayments – keeping health care affordable for tens of millions of Americans without adding to the national debt.

Just last week, three more lawmakers — including two Republicans — signed on to the Fix It Act, giving it a broad bipartisan coalition.

“With 22 million Americans facing a massive increase in healthcare costs, doing nothing is not an option,” said Rep. Kiley. “The Committee for a Responsible Federal Budget has confirmed that our bill is the only proposal that saves Congress money while preventing this impending increase in premium payments.”

“We have a plan to help tens of millions of Americans stay on their health care, and our coalition is growing because this is a fiscally responsible solution that lawmakers on both sides of the aisle can support,” said Rep. Liccardo. “We appreciate the Committee for a Responsible Federal Budget’s analysis, and we hope it encourages more common-sense colleagues to join us in getting this done.”

Representatives Don Bacon (R-NE), Maggie Goodlander (D-NH), Deborah Ross (D-NC), Zach Nunn (R-IA), Mike Lawler (R-NY), and Ro Khanna (D-CA) have also cosponsored the legislation.

Click here for a fact sheet on the Fix It Act.

###