SWACCA continues efforts for full Cadillac Tax repeal; House of Representatives set to vote tomorrow
With the House of Representatives set to take its first ever vote tomorrow on a full repeal of the Cadillac Tax, SWACCA is making an effort to ensure the measure passes the House and moves on to the Senate. On the eve of this historic vote, a new study has been released confirming that the Cadillac Tax’s 40% excise tax on high-value employer-provided health plans is not just an issue for unionized employers. The new study shows a staggering 1-in-5 U.S. employers who provide health plans will be affected by the Tax. Since 2017, SWACCA and our allies have been relentless in our efforts to have the House of Representatives vote on a permanent repeal of the Cadillac Tax. SWACCA considers the repeal as a top priority of its policy efforts, and thus far we have succeeded in helping to enact two delays and the delay of the promulgation of proposed IRS rules to implement the Cadillac tax. A repeal of the Cadillac Tax is so incredibly critical to SWACCA members because without it, our members who reach the threshold will be subject to this 40% excise tax, making current health benefits unsustainable. Tomorrow’s vote is crucial to the future of high quality employer-provided healthcare, SWACCA members, and their workforce. Watch for updates on this important vote.
Read the study here.