As Part Of Broader Repeal Effort Senate Votes To Strike The ‘Cadillac Tax’
In debate on the bill to repeal the health law, senators voted 90-10 to approve an amendment that would also repeal a future tax on high-cost health insurance plans.
The Wall Street Journal:
Senate Forwards Effort To Repeal “Cadillac Tax”
In a 90-10 vote, lawmakers voted for the inclusion of an amendment axing the tax as part of a larger bill that would make deep cuts to stipulations in the Affordable Care Act. The tax, set to go into effect in 2018, would require businesses and municipalities pay a 40% tax on the excess cost of health care plans that exceed government-mandated thresholds. ... The Congressional Budget Office estimates the tax would raise a total of $87 billion by 2026, which will help defray the costs of the sweeping Affordable Care Act. President Barack Obama previously indicated he would veto legislation that would weaken the law. Albeit a small part of the nearly 1,000-page ACA, discussion of the tax is on the rise as the start date looms. (Johnson and Murphy, 12/3)
Senate Votes To Repeal ObamaCare 'Cadillac Tax'
The Senate voted overwhelmingly on Thursday to repeal ObamaCare’s “Cadillac tax” on high-cost health plans, a rare area of bipartisan agreement around the healthcare law. The Senate voted 90-10 to include the amendment repealing the tax in a larger bill gutting ObamaCare. The larger bill, and the tax repeal included therein, will not become law, however; President Obama is expected to veto the attempt to dismantle his signature domestic achievement. (Sullivan, 12/3)