News Detail

SWACCA Joins in Calling for Repeal of Cadillac Tax

Last week, SWACCA joined over 600 businesses and organizations in signing a letter urging Congress to repeal the “Cadillac Tax”, which would levy a 40% tax on certain employer-provided health coverage.

The letter stated that the Cadillac tax will impact the health plans of millions of working class Americans with employer-provided health coverage. Instituting a 40 percent excise tax would make these plans unaffordable for employers:

“The tax will disproportionately tax the health plans of women, seniors, working middle class families, the sick, and the disabled. Small businesses that already struggle to offer health care coverage will also be heavily penalized. This tax has real and harmful consequences – Americans cannot afford to pay more for their health care.”

SWACCA has worked successfully with its union partners to delay the implementation of the Cadillac tax, and has been involved in garnering cosponsors and support among lawmakers of both parties for a repeal bill.

Currently the Cadillac tax repeal bill for this Congress, the Middle Class Health Benefits Tax Repeal Act (H.R. 748) has 210 cosponsors.

© 2024 Signatory Wall and Ceiling Contractors Alliance (SWACCA). All rights reserved.