A bill to amend the Internal Revenue Code of 1986 to improve the affordability of the health care tax credit, and for other purposes.
Health Care Coverage for Displaced Workers Act - Amends the Internal Revenue Code, with respect to the tax credit for the health insurance coverage costs of certain taxpayers (i.e., Pension Benefit Guaranty Corporation [PBGC] pension and trade adjustment assistance [TAA] recipients) and their dependents, to: (1) increase the rate of such credit from 72.5% to 80%, and (2) make such credit permanent.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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