REPEAL THE 40% EXCISE TAX ON WORKER'S HEALTH BENEFITS
Posted On: Apr 27, 2017
... included in the Affordable Care Act. As the AHCA stands with or without the new amendment, this tax is still included in the legislation, albeit with a further delay. The Teamsters Union is urging Congress to include a full repeal of the 40% excise tax also known as the “Cadillac Tax” rather than simply delaying the tax. The “Cadillac Tax” would ultimately reduce the health benefits that hard working Americans receive and increase out of pocket costs.
The Teamsters are hopeful that legislators will see that any policy that taxes employer-sponsored insurance is detrimental to American workers and imposes real financial costs to both employers and employees.