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WASHINGTON, DC – This evening, the House overwhelmingly approved the Middle Class Health Benefits Tax Repeal Act (H.R. 748), bipartisan legislation introduced by Rep. Courtney that would repeal the looming 40% excise tax on certain employer-sponsored health insurance plans known as the “Cadillac Tax.” Rep.
The House plans to vote Wednesday on legislation that would roll back the so-called “Cadillac tax” under the 2010 health care law known as Obamacare.
The 40 percent surcharge tax applies to certain high-cost employer health care plans (hence the “Cadillac tax” nickname). It isn’t set to take effect until 2022, and Congress has twice delayed its implementation.