Portman Urges Extension of Key Tax Credit to Help Delphi Retirees Maintain Affordable Health Coverage

Sen. Portman

Push Comes at Crucial Finance Committee Hearing

Washington, D.C. – January 16, 2014, U.S. Senator Rob Portman (R-Ohio), a member of the Senate Committee on Finance, urged Committee members to extend the Health Coverage Tax Credit (HCTC), an issue of particular importance to Delphi Retirees struggling to maintain affordable healthcare.
Today’s comments follow a December Finance Committee hearing where Portman introduced a bipartisan amendment at the Committee’s mark-up of health legislation to extend the HCTC for two years.  After debate on Portman’s amendment, which was cosponsored by Senators Sherrod Brown (D-Ohio) and Debbie Stabenow (D-Mich.), Portman secured a commitment from the Chairman of the Senate Finance Committee to work toward extending the HCTC when Congress renews Trade Adjustment Assistance this year.  This was the first commitment from Senate leaders to work toward extending the HCTC, which expired on January 1, 2014.