The Financial Comet
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

The Financial Comet

Politics

Schumer’s shutdown scheme explained: Dems double down on Obamacare credits as standoff drags on

by admin October 7, 2025
October 7, 2025
Schumer’s shutdown scheme explained: Dems double down on Obamacare credits as standoff drags on

The government shutdown entered its sixth day on Monday, and Senate Democrats are so firmly planted in their position that unless there is a deal on expiring Obamacare tax credits, they will not reopen the government. 

Senate Minority Leader Chuck Schumer, D-N.Y., and his caucus have largely remained unflinching in their demand that Republicans and President Donald Trump agree to a deal on the tax credits, which are set to expire by the end of the year.

It’s one of several demands they made in their counter-proposal to the GOP’s continuing resolution (CR), and appears to be the one that they believe to be the most attainable. Their other demands, repealing the healthcare section of the ‘big, beautiful bill’ and putting guardrails on the rescissions, are a nonstarter for Republicans and the White House.

Still, no party that has introduced unrelated demands into a government shutdown fight has walked away with a victory. The last government shutdown in early 2019 saw Trump demand that Democrats provide funding for his border wall, and he walked away empty-handed.

Throughout last week, Senate Democrats maintained a posture that they wanted Republicans to come to the negotiating table on the subsidies, which are set to sunset at the end of this year. Conversations among members are ongoing, which both Schumer and Senate Majority Leader John Thune, R-S.D., have encouraged.

‘We want Democrats to talk with Republicans,’ Schumer said. ‘And so it’s a good thing.’

But, he countered that Republicans hadn’t offered ‘anything really new — just the same old stuff.’

‘And so, nothing new on [Obamacare], nothing on rescissions,’ he said. ‘And so, look, Democrats want to go back and negotiate again, but they got to negotiate with something, get something in return.’

Democrats’ initial push was to make the subsidies — created during the COVID-19 pandemic to ease the cost of healthcare premiums available through the Affordable Care Act (ACA) — permanent. The subsidies were later enhanced through the Inflation Reduction Act in 2022 when Democrats last had a trifecta in Washington. That change removed the income cap on the subsidies. 

Republicans have said that they are interested in working out something on the tax credits, but that there should be reforms to the program.

‘The Obamacare enhanced, or COVID subsidies, are inflationary, and rates have been going up because that program is fundamentally flawed in ways designed,’ Thune said. ‘That doesn’t mean it can’t be reformed and fixed. It can, but we can’t get to that conversation until we get the government back open.’

Lawmakers are set to again vote on Republicans’ CR, and it is again expected to fail for a fifth time Monday, given that no deal was struck over the weekend. Both sides agree that a deal won’t come from the top level, but will have to be borne from negotiations among rank-and-file members.

Sen. Mike Rounds, R-S.D., has been directly involved in the member-level negotiations and said that Republicans did want to tackle the Obamacare issue. But, Democrats have to agree to reopen the government first.

‘It would be nice if Sen. Schumer could say his shutdown is complete, but we suspect that it will take members of his conference to make that decision on his behalf,’ Rounds said. 

This post appeared first on FOX NEWS

previous post
Schumer’s shutdown holds as Senate Dems block GOP bid to reopen government
next post
More lawmakers say they’re rejecting paychecks as government shutdown drags on

Related Posts

Top Biden officials questioned and criticized how his...

September 7, 2025

Ukraine unveils 600-mile cruise missile that can reach...

March 18, 2025

Government shutdown risk grows after Dems block Trump-backed...

October 1, 2025

I survived the Iran hostage crisis. People in...

April 12, 2025

In trying to secure Comey indictment, US prosecutors...

September 26, 2025

Dozens of Democrats mutiny must-pass defense bill over...

September 11, 2025

US judge orders Trump admin to pay portion...

March 7, 2025

Biden jokes ‘I’m a young man’ during interview...

May 17, 2025

Trump says he will require voter ID with...

September 1, 2025

Death penalty looms for Charlie Kirk’s accused killer...

September 15, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      Trump re-designates Iranian-backed Houthis as terrorists: ‘Threaten[s] security of American civilians’

      January 23, 2025
    • 2

      DeepSeek hit with large-scale cyberattack, says it’s limiting registrations

      January 28, 2025
    • 3

      Universal’s ‘Wicked: For Good’ creates a unique marketing challenge

      January 27, 2025
    • 4

      UnitedHealthcare taps company veteran Tim Noel as new CEO following Brian Thompson killing

      January 27, 2025
    • 5

      Bank of America CEO says financial industry will jump into crypto payments if regulators allow it

      January 23, 2025
    • 6

      FDA officially authorizes Zyn nicotine pouches for sale following health review

      January 23, 2025
    • 7

      Lara Trump to host weekend show on Fox News

      February 7, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: thefinancialcomet.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 thefinancialcomet.com | All Rights Reserved