AGC Supports Bipartisan Tax-Repeal Legislation

ACA Taxes Continue to Plague Employee Benefits

On Feb. 19, AGC endorsed bipartisan legislation introduced in the U.S. House of Representatives to repeal the 40 percent excise tax on employer-sponsored coverage, known as the Cadillac tax, and a Senate-introduced bipartisan bill to repeal the health insurance tax (HIT). While the Cadillac tax was initially intended to target “high cost” employer-sponsored health coverage, it is now estimated to impact the vast majority of employee benefits plans and force employers to cut or limit employee benefits. The HIT is a direct tax on fully-insured carriers which is passed along to the customer – small and mid-size businesses and the millions of hardworking Americans and their families that are enrolled in this type of employment-based coverage. Read the letters of support here and here.

For more information, contact Jim Young at [email protected] or 202-547-0133 or Claiborne Guy at [email protected] or 703-837-5382.

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