October 18, 2019
Employers: Sign On to Urge Congress to Enact ‘Cadillac Tax’ Repeal Legislation
The American Benefits Council encourages employers to sign on to a broad stakeholder letter to the U.S. Senate urging the consideration of “Cadillac Tax” repeal legislation before the end of the year. Please click here to review and sign on to the letter by the November 15 deadline.
The “Cadillac Tax,” originally enacted as part of the Affordable Care Act (ACA), applies to the cost of employer-sponsored health coverage in excess of certain thresholds starting in 2022. The Council and the Alliance to Fight the 40 – a diverse coalition of employers, labor unions, consumer groups and other stakeholders organized by the American Benefits Council – have long supported legislation in the U.S. Senate and House of Representatives to fully repeal the tax. Earlier this year we were successful in achieving passage of a standalone bill fully repealing the 40% “Cadillac Tax” by an overwhelming vote of 419 to 6.
The multi-stakeholder letter urges Congress to “swiftly, and fully, repeal the impending 40% tax on employer-provided health care before this onerous tax increase hits the pocketbooks of hardworking Americans.”
If your organization would like to sign on, please fill out the form at the bottom. (Note: this is a "non-branded" letter that does not have a logo/letterhead at the top, just the signatures from the organizations at the bottom.) After you sign, please share it with other employers and stakeholders. If you have any questions about the letter, please contact Tara Bradshaw at 202-441-8255.
The Council will continue to report on developments related to the “Cadillac Tax.” If your organization is interested in joining the Alliance to Fight the 40, or for more information on health policy matters, please contact Ilyse Schuman, senior vice president, health policy, at (202) 289-6700.