The victor of the 2024 election is set to face a number of new legislative deadlines immediately upon entering office that could have drastic effects on the country’s economy.
More than a dozen candidates are eyeing the Oval Office in 2024, positioning themselves as the best choice to address the nation’s cultural and economic challenges. However, upon taking office in 2024, the winner of the presidential election must deal with the impending expirations of both the 2017 tax law as well as subsidies included in Obamacare.
The subsidies at stake have helped lower premiums for about 13 million low-income customers since they were first enacted. If those subsidies expire, it could raise costs by hundreds of dollars for individual customers. Many of those tax cut provisions are set to expire in 2025, with congressional Republicans likely wanting to continue it in some capacity because it was a signature policy accomplishment for the party when it was passed.
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