This week, AGC joined industry allies in urging Congress to repeal the Cadillac tax in any end-of-year package.The “Cadillac Tax” originated in the Affordable Care Act and is a 40 percent excise tax on employer-sponsored health coverage whose benefits exceed specific thresholds. In 2015, the tax was delayed for two years, from 2018 to 2020. Employers are already beginning to feel the impact of the 2020 tax as they look at future health care benefits and restructuring those benefits to avoid the tax.
For more information, contact Jim Young at [email protected] or (202) 547-0133.