Bessent unveils plan to limit eligibility for tax credits to Americans
The proposal would raise verification requirements for the Premium Tax Credit (PTC), with the aim of ensuring that the credit only goes to Americans.
Treasury Secretary Scott Bessent on Wednesday unveiled a series of proposals to tighten eligibility for a tax credit aimed at helping Americans pay for health care.
The proposal would raise verification requirements for the Premium Tax Credit (PTC), with the aim of ensuring that the credit only goes to Americans.
“Today’s proposed rules implement the common-sense reforms enacted by the Working Families Tax Cuts to close eligibility loopholes and ensure taxpayer-funded Premium Tax Credits are reserved for eligible Americans," Bessent said in a statement. "Under President Trump, this Administration is cracking down on fraud and corruption; holding bad actors accountable; lowering health care costs for Americans; and restoring integrity to our tax code and health care system.”
The move marks the latest effort by the administration to limit access to public funds for non-Americans and turn off the welfare spigot to ineligible foreigners.
While deportations remain the primary method of the administration for removing illegal aliens, Washington has increasingly looked to address the existing financial incentives to illegal immigration.
Ben Whedon is the Chief Political Correspondent at Just the News. Follow him on X.