WASHINGTON, Jan. 17, 2018 /PRNewswire-USNewswire/ -- The Alliance to Fight the 40 | Don't Tax My Health Care today applauded leaders of the U.S. House of Representatives for including a two-year delay of the 40% "Cadillac Tax" in their proposal to continue funding the government until February 16th. This two-year delay will push the effective date for the "Cadillac Tax" to 2022, and will help to protect health care coverage for the more than 178 million Americans with employer-sponsored health insurance.
"We applaud efforts to delay the 'Cadillac Tax' that is driving up health care costs for millions of Americans," said James A. Klein, President of the American Benefits Council. "Employer-sponsored health coverage is efficient, effective, and stable. We will continue our efforts to fully repeal this onerous tax that forces employers to reluctantly cut benefits and increase out-of-pocket costs for employees in an attempt to avoid it. We appreciate Congress including this two-year delay as a down payment for full repeal."
"Employers create innovative and cutting edge benefit plans to help maintain a healthy workforce. Taxing these benefits could compel employers to stop offering wellness programs or on-site clinics and ultimately drive up costs for workers and employers, alike," said Klein.
"Repealing this tax has strong bipartisan, bicameral support. We look forward to the House and Senate passing a funding agreement that protects working families—and the president signing it into law as quickly as possible," Klein concluded.
H.R. 173, the Middle Class Health Benefits Tax Relief Act of 2017 has more than 220 bipartisan cosponsors calling for the full-repeal of this harmful tax.
The Alliance to Fight the 40 | Don't Tax My Health Care is a broad-based coalition comprised of businesses, patient advocates, employer organizations, unions, local governments, health care companies, consumer groups and other stakeholders that support employer-sponsored health coverage. This coverage is the backbone of our health care system and protects over 178 million Americans. The Alliance seeks to repeal the 40% "Cadillac Tax" on health benefits and work with Congress and the Administration to prevent increased income taxes on workers, families and retirees who rely on employer-sponsored health coverage. The Alliance is committed to ensuring that employer-sponsored coverage remains an effective and affordable option for working Americans and their families.
Contact: Tara Bradshaw
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SOURCE Alliance to Fight the 40