Healthcare Costs and Coverage Could Drive Tax Extenders Talk

Tax attorney Joshua Odintz was highlighted in a Tax Notes article exploring the possibility of a second, tax-focused reconciliation bill taking on areas not addressed in this summer's One Big Beautiful Bill Act. The pending expiration of Affordable Care Act (ACA) premium tax credits, coupled with various other items on congressional wish lists, could appear in a new, albeit smaller, legislative package this fall. Mr. Odintz commented that in addition to the ACA credits, an expansion of the child tax credit could make for an attractive provision for lawmakers to include ahead of the 2026 elections, especially given their historical bipartisan support. Another option could be extending the Section 48D advanced manufacturing investment tax credit set to expire at the end of 2026, he added. Extending Section 48D could also encourage onshoring of chip manufacturing, which aligns with the administration's broader trade policy goals.

"It seems like a provision that could be extended, especially with [President Trump's] comments that he's going to place tariffs on chips coming into the United States from foreign jurisdictions," Mr. Odintz elaborated.

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