WASHINGTON, Oct. 14 -- The U.S. Department of the Treasury's Internal Revenue Service issued the following news release:
The U.S. Department of the Treasury and the Internal Revenue Service issued proposed regulations to implement President Trump's Working Families Tax Cuts reforms to the Premium Tax Credit (PTC), a refundable tax credit that helps eligible American taxpayers afford health insurance purchased through the Health Insurance Exchanges.
"Hardworking American taxpayers should not be forced to subsidize health care for people who are ineligible under federal law," said Treasury Secretary Scott Bessent. "Today's proposed rules implement the common-sense reforms enacted by the Working Families Tax Cuts to close eligibility loophol...