Lexology November 22, 2024
The outcome of the current presidential race, along with control of both houses of Congress, will have a significant impact on many healthcare and employee benefits issues, at least for the next four years. These issues include the Affordable Care Act (ACA), Medicare, Medicaid, prescription drug pricing, and transparency in healthcare costs, among other issues.
No matter which political party controls the White House or each chamber of Congress, one major issue is the upcoming expiration of the Tax Cuts & Jobs Act (“the Act”) on December 31, 2025. If provisions in the Act expire, most people will feel the impact in one way or another, as these provisions relate to tax brackets, income tax rates, the child tax credit,...
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