The passage of the One Big Beautiful Bill Act (OBBBA) marked a significant victory for Ohioans, delivering on President Trump’s promise to lower taxes and spur prosperity across the nation. From the elimination of the tax on tips, 100 percent bonus depreciation, and make the Trump Tax Cuts permanent. Unfortunately, Congress now faces a looming health care tax hike that could impair the benefits of the OBBA and the hard work that Congress put into its passage.
Premium tax Credits (PTC) will expire at the end of 2025 unless Congress acts soon. PTCs help millions of eligible Ohioians buy their health insurance through the individual marketplace, enabling them to afford their premiums and out-of-pocket costs. If Congress allows these critical tax credits to expire, folks will face a dramatic