Summary: This bill repeals the excise tax on employer-sponsored health care coverage for which there is an excess benefit (high-cost plans). The repeal applies to taxable years beginning after December 31, 2019. Cosponsors
ANGIE CRAIG’S POSITION: Representative Craig cosponsored the bill on 3/5/19.
STATUS: Introduced 1/24/19 by Rep. Courtney, Joe [D-CT-2].
- Latest Action (modified): 03/27/2020 Became Public Law No: 116-136. (All Actions)
ORGANIZATIONS IN SUPPORT OF THE BILL:
- The “Cadillac Tax” is a 40% tax on the value of employer-sponsored health coverage that exceeds certain benefit thresholds – estimated to be $11,100 for self-only coverage and $29,750 for family coverage in 2022. While the name may imply the 40% tax applies to a few individuals with “luxury” health coverage, the truth is it extends much further. More than 181 million Americans – including retirees, low- and moderate-income families, public sector employees, small business owners and the self-employed – currently depend on employer-sponsored health coverage. (Source: Alliance to Fight the 40)
- On behalf of the Construction Employers of America, our seven-member organizations, and the 1.4 million Americans we employ, we write to you in strong support of H.R. 748, “The Middle-Class Health Benefits Tax Repeal Act of 2019.” (Source: Construction Employers of America and their seven member orgnizations)
- “On behalf of the 700+ businesses of Chamber630, representing a diverse group of industries and interests, I urge Congress to work with to protect the health care of the more than 181 million Americans who receive health care coverage through an employer. We are asking members of Congress to cosponsor the bipartisan HR 748, the Middle-Class Health Benefits Tax Repeal Act of 2019, and to work together to swiftly repeal the impending 40% tax on employer-provided health care before working Americans and their families, who are already stretched too thin, are hit with this onerous tax increase.” (Source: Laura Cawford, Chamber 630 and its members)
- ECFC today joined with more than 500 organizations including, businesses, nonprofits, chambers of commerce, insurers, brokers, unions, and patient advocacy groups signed a letter urging support for H.R. 748, the “Middle Class Health Benefits Tax Repeal Act of 2019,” to repeal the 40 percent “Cadillac Tax” on employer-provided health care coverage. (Source: Employers Council on Flexible Compensation (ECFC))
“On behalf of the approximately 775,000 active members and retirees of the International Brotherhood of Electrical Workers (IBEW), I am writing to express my strong support for H.R. 748, the Middle Class Health Benefits Tax Repeal Act, introduced on January 24, 2019, by Representatives Joe Courtney of Connecticut and Mike Kelly of Pennsylvania.” (Source: Lonnie R. Stephenson, International President, International Brotherhood of Electrical Workers (IBEW))