Commentary: State of the Union, President’s Budget Begin Debates on Critical Fiscal Policy Choices Policymakers Will Face in 2025

But the debates taking place now in Washington and across the country during the election season foreshadow critical fiscal policy decisions that will have to be made in 2025, regardless of the outcome of the fall elections. [...] Congress will have to decide whether to continue prioritizing tax cuts for those who need them the least and allowing profitable corporations to pay too little in taxes, or whether to make a course correction that raises revenues, invests in people and communities, and improves our fiscal outlook. [...] Congress and the President will have to decide whether to continue the assistance or allow it to end and see coverage fall again. [...] The Biden Administration has made it easier for people to enroll by lengthening the open enrollment period, allowing people with low incomes and people losing Medicaid coverage more time to enroll, making it easier for families to qualify for financial assistance for marketplace coverage, and increasing funding for outreach and enrollment efforts. [...] The State of the Union and the President’s 2025 budget plan are opening salvos in a year-long conversation leading up to critical decisions that policymakers will have to make in 2025.