As part of a year-end government spending package, President Trump signed into law an appropriations package that includes a repeal of taxes contained in the 2010 Affordable Care Act (ACA). Originally established to fund implementation of federal and state marketplace exchanges, these include: 1) the...
Several lawmakers have introduced the Middle Class Health Benefits Tax Repeal Act (H.R. 748) to repeal the Affordable Care Act’s “Cadillac tax.” The legislation, introduced by Rep. Joe Courtney (D-Ct.) and Mike Kelly (R-Pa.), would repeal the 40 percent excise tax that will eventually impact...
There’s good news for employers who have been eagerly awaiting a delay in the implementation of the “Cadillac tax,” a provision of the Affordable Care Act (ACA) intended to help fund healthcare for the uninsured. On Jan. 22, Congressional lawmakers approved delaying the tax, which...
Originally projected to generate $87 billion over 10 years, the Cadillac tax was enacted in 2010 to help fund the Affordable Care Act by requiring the wealthiest Americans to pay a 40% excise tax on high-value health plans. However, opposition has mounted in light of...