Financial Trade Freedom - Investing and Stock News
  • Investing
  • News
  • Editor’s Pick
  • Economy
  • Stock
  • Investing
  • News
  • Editor’s Pick
  • Economy
  • Stock
No Result
View All Result
Financial Trade Freedom - Investing and Stock News
No Result
View All Result
Home News

Moderate Dem undercuts Jeffries on ObamaCare compromise as government shutdown wears on

admin by admin
October 8, 2025
in News
0
Moderate Dem undercuts Jeffries on ObamaCare compromise as government shutdown wears on
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

A moderate House Democrat is splitting from his party leader on a compromise to extend enhanced ObamaCare subsidies that are set to expire at the end of this year.

The subsidies have been a key demand for Democrats in exchange for their support for legislation to end the government shutdown.

Rep. Tom Suozzi, D-N.Y., is among the House Democrats backing a bipartisan bill aimed at extending those tax credits for one year.

But House Minority Leader Hakeem Jeffries, D-N.Y., called a one-year extension a ‘laughable proposition’ in comments to reporters on Tuesday. 

Suozzi, who also backs a permanent extension, said both sides need to begin negotiating at some point, even without a perfect solution.

‘A one-year extension of the Affordable Care Act tax credits is not acceptable. It’s a nonstarter,’ Jeffries said, referring to ObamaCare.

‘What world are these MAGA extremists living in right now to think that Democrats are going to go along with a one-year extension from a group of people, meaning the Republicans, who just permanently extended massive tax breaks for their billionaire donors?’

But it’s not just Republicans pushing that bill — the legislation has 11 total Democrat co-sponsors out of 25 total supporters.

Suozzi told Fox News Digital in response to Jeffries’ rejection: ‘Republicans and Democrats both need to step up to the negotiating table.’

‘This bill isn’t perfect — I’d prefer a permanent extension, and I’d gladly settle for a multi-year one — but right now, our priority must be stopping the massive health insurance premium hikes set to hit mailboxes in less than a month,’ Suozzi said.

‘We can’t afford to remain in a stalemate, each side waiting for the other to blink.’

A spokesman for Rep. Jared Golden, D-Maine, another co-sponsor of the bill, pointed Fox News Digital to comments the Democrat made on his Substack days before the shutdown.

‘Our bipartisan bill would extend the credits by one year. Our coalition already includes 12 House Republicans — an essential bloc of support for passing a bill in the GOP-controlled House. And Senate Republicans are already interested in a deal, too,’ Golden wrote in those comments.

‘As we negotiate, I see two sides who genuinely want to get to ‘yes,’ which gives me hope that we can avert price spikes and coverage losses in January. A government shutdown only jeopardizes that work.’

Golden was the lone House Democrat to vote for the GOP-led bill to avert a government shutdown last month.

The bill, called a continuing resolution (CR), would keep federal funding levels roughly flat through Nov. 21, while including added spending for national officials’ security amid the heightened political threat environment.

But Democrats, furious at being sidelined in federal funding talks, have largely said they’ll reject any deal that does not include an extension of the expiring ObamaCare subsidies.

Suozzi and several other Democrats supporting the one-year extension are also co-sponsors on legislation that would permanently extend the enhanced ObamaCare subsidies.

The office of Rep. Josh Gottheimer, D-N.J., pointed out to Fox News Digital that he was also a co-sponsor of that bill but refused to comment on the one-year bill or Jeffries’ dismissal of it.

But that bill is likely a nonstarter for GOP leaders in Congress, who say that some reform is needed to the system if those healthcare credits are to be extended.

Fox News Digital reached out to the remaining eight co-sponsors of the one-year extension bill but did not receive a response to Jeffries’ comments by press time.

This post appeared first on FOX NEWS

Previous Post

MIKE DAVIS: The Supreme Court betrayed again — this time from the bench

Next Post

Kushner joins Witkoff for Gaza ceasefire talks as Trump pushes peace plan: ‘Cautiously optimistic’

Next Post
Kushner joins Witkoff for Gaza ceasefire talks as Trump pushes peace plan: ‘Cautiously optimistic’

Kushner joins Witkoff for Gaza ceasefire talks as Trump pushes peace plan: ‘Cautiously optimistic’

  • Trending
  • Comments
  • Latest
U.S. homebuilders raise alarm over tariffs as sentiment falls to 5-month low

U.S. homebuilders raise alarm over tariffs as sentiment falls to 5-month low

February 19, 2025
How Companies Use Derivatives To Hedge Risk

How Companies Use Derivatives To Hedge Risk

February 19, 2025
KFC moves U.S. headquarters from Kentucky to Texas

KFC moves U.S. headquarters from Kentucky to Texas

February 19, 2025
As Joann Fabrics and JCPenney announce store closings, here’s what’s driving the pattern

As Joann Fabrics and JCPenney announce store closings, here’s what’s driving the pattern

February 17, 2025
Why Tesla stock is sliding around 2% on Thursday

Why Tesla stock is sliding around 2% on Thursday

0
From tariffs to DOGE, what companies are saying about the impact of MAGA policies

From tariffs to DOGE, what companies are saying about the impact of MAGA policies

0
Tesla’s law firm drafts Delaware bill that could salvage Musk pay package

Tesla’s law firm drafts Delaware bill that could salvage Musk pay package

0
Coca-Cola takes on Olipop and Poppi with new prebiotic soda brand, Simply Pop

Coca-Cola takes on Olipop and Poppi with new prebiotic soda brand, Simply Pop

0
Why Tesla stock is sliding around 2% on Thursday

Why Tesla stock is sliding around 2% on Thursday

October 9, 2025
AZZ shares fall 12% after Q2 earnings miss expectations despite strong profit growth

AZZ shares fall 12% after Q2 earnings miss expectations despite strong profit growth

October 9, 2025
Serve Robotics stock rallies on DoorDash deal: should valuation deter investors?

Serve Robotics stock rallies on DoorDash deal: should valuation deter investors?

October 9, 2025
3 key reasons why Nvidia stock is soaring on Thursday

3 key reasons why Nvidia stock is soaring on Thursday

October 9, 2025

    Get Smarter with Your Money – Sign Up for Free Financial Tips!


    Join our community of savvy savers and investors! By signing up, you'll receive weekly emails packed with personalized financial tips, budgeting hacks, and investment strategies tailored to your income level. Take control of your finances today – it’s free and only takes a minute!

    Recent News

    Why Tesla stock is sliding around 2% on Thursday

    Why Tesla stock is sliding around 2% on Thursday

    October 9, 2025
    AZZ shares fall 12% after Q2 earnings miss expectations despite strong profit growth

    AZZ shares fall 12% after Q2 earnings miss expectations despite strong profit growth

    October 9, 2025
    Serve Robotics stock rallies on DoorDash deal: should valuation deter investors?

    Serve Robotics stock rallies on DoorDash deal: should valuation deter investors?

    October 9, 2025
    3 key reasons why Nvidia stock is soaring on Thursday

    3 key reasons why Nvidia stock is soaring on Thursday

    October 9, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: FinancialTradeFreedom.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 financialtradefreedom.com | All Rights Reserved

    No Result
    View All Result
    • About us
    • Contacts
    • Email Whitelisting
    • Investing and Stock News
    • Privacy Policy
    • Terms and Conditions
    • Thank you

    Disclaimer: FinancialTradeFreedom.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 financialtradefreedom.com | All Rights Reserved