Cadillac Tax

HOUSE VOTES TO REPEAL HEFTY TAX SET TO LEVY EMPLOYEES’ HEALTH PLANS

By Miriam Raftery
 
July 19, 2019 (San Diego) – By an overwhelming 419 to 6 vote, the House of Representatives has passed H.R. 748, the Middle Class Health Benefits Tax Repeal Act of 2019.  The measure, if approved by the Senate and the President, would repeal the so-called “Cadillac Tax,” an Affordable Care Act provision set to roll out in 2022 (postponed from 2020). It would impose a 40% excise tax on generous employer-provided health insurance plans for employees and families.