By Lubbock Times |
May 17, 2024
House Budget Committee Chairman Jodey Arrington (R-TX) and House Ways and Means Committee Chairman Jason Smith (R-MO) have written to Congressional Budget Office (CBO) Director Phillip Swagel and Joint Committee on Taxation (JCT) Chief of Staff Thomas Barthold. The letter requests a comprehensive analysis of the budgetary effects of making permanent the enhanced Obamacare subsidies, as proposed in President Biden’s budget. These subsidies have been extended to some of the nation's highest earners, including those earning up to $599,000 annually.