Congress Approves Two-Year 'Cadillac Tax' Delay

January 22, 2018 | By forimmediaterele | Filed in: Press Releases.

Travel & Tourism Industry release:

WASHINGTON, Jan. 22, 2018 /PRNewswire-USNewswire/ — The Alliance to Fight the 40 | Don’t Tax My Health Care today applauded Congressional leaders for including a two-year delay of the 40% “Cadillac Tax” in their bill to end the government shutdown and provide funding through February 8th. This two-year delay will push the effective date for the “Cadillac Tax” to 2022, and will help to protect health care coverage for the more than 178 million Americans with employer-sponsored health insurance.

“We applaud Congress for delaying the ‘Cadillac Tax’ that is driving up health care costs for millions of Americans,” said James A. Klein, President of the American Benefits Council. “Employer-sponsored health coverage is efficient, effective, and stable. Taxing health benefits would compel employers to stop offering wellness programs and on-site clinics and to reluctantly ask employees to bear higher out-of-pocket costs. We will continue efforts to fully repeal this onerous tax and appreciate that Congress has passed this two-year delay as a down payment for full repeal,” said Klein.

“Repealing this tax has strong bipartisan, bicameral support. We appreciate the continued efforts of our champions in the House and Senate to work on full repeal: Sen. Dean Heller (R-NV), Sen. Martin Heinrich (D-NM), Rep. Mike Kelly (R-PA), and Rep. Joe Courtney (D-CT). We look forward to the president signing the two-year delay into law as quickly as possible,” Klein concluded. 

The Alliance to Fight the 40 | Don’t Tax My Health Care is a broad-based coalition comprised of businesses, patient advocates, employer organizations, unions, local governments, health care companies, consumer groups and other stakeholders that support employer-sponsored health coverage. This coverage is the backbone of our health care system and protects over 178 million Americans. The Alliance seeks to repeal the 40% “Cadillac Tax” on health benefits and work with Congress and the Administration to prevent increased income taxes on workers, families and retirees who rely on employer-sponsored health coverage. The Alliance is committed to ensuring that employer-sponsored coverage remains an effective and affordable option for working Americans and their families.

Contact: Tara Bradshaw

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SOURCE Alliance to Fight the 40

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