To amend the Internal Revenue Code of 1986 to extend the enhanced premium tax credits and increase the individual tax rate for taxpayers with income of $10,000,000.

This legislation aims to stabilize health insurance costs for middle- and lower-income Americans by extending the enhanced premium tax credits that lower monthly premiums for coverage purchased through the health insurance marketplace. To offset the federal cost of these subsidies, the bill proposes a tax increase specifically targeting the nation’s highest earners. Individuals reporting annual incomes exceeding $10,000,000 will see their personal tax rates rise. For Arlington residents, this move serves a dual purpose: it helps keep private health insurance plans affordable for many local families who rely on marketplace subsidies, while ensuring that the fiscal burden of these benefits falls on the top tier of earners rather than the general public. These changes are intended to maintain current levels of health coverage access without increasing the national deficit.