Government Funding – Funding the government is always a priority. Lawmakers are currently negotiating the fiscal 2023 appropriations and will have to start considering the fiscal 2024 budget and appropriations in the early spring. With divided government and lower discretionary spending levels expected, there is a high likelihood of starting FY 2024 with another continuing resolution in October 2023.
Health Policy – Several healthcare topics will be the subject of oversight hearings aimed at the administration, including health sector consolidation, health system not-for-profit status, the 340B drug discount program,and issues related to the COVID-19 pandemic, including its origins and federal relief programs. Inflation, healthcare costs, and workforce shortages will also be a focal point.
Tax Policy – When Republicans last controlled the House during the 115th Congress from 2017 to 2019, a key piece of their agenda was the passage of the Tax Cuts and Jobs Act (TCJA). During the 118th Congress, House Republicans will prioritize extending various pieces of the TCJA, including doubling the standard deduction, reducing the top tax rates, and codifying pass-through deductions.
Technology Policy – A rare point of alignment between Democrats and Republicans is related to “Big Tech.” Expect action on revisions to antitrust laws, privacy legislation, and potential amendments to section 230 of the Communications Decency Act of 1996, which generally shields internet platforms from legal liability for content posted by others. Crypto-related issues will also be an area to watch (see next section).
Finally, one can expect House Republicans to place heavy emphasis on oversight and investigatory activities and will target the administration on a range of policy-related and politically motivated issues such as Hunter Biden’s business dealings, the situation along the Southern border, and the Afghanistan withdrawal. House Republicans have also indicated that they may target corporate America and what they consider to be “woke” corporate executives and “woke” capitalism (see following section).