Thursday, July 18, 2019

House passes repeal of Obamacare tax on high-cost plans

House passes repeal of Obamacare tax on high-cost plans-rollcall: The House passed, 419-6, legislation Wednesday to repeal the so-called Cadillac tax, pleasing health insurers, unions and a bipartisan coalition of lawmakers who have long pushed to scrap the levy. The measure would permanently repeal the 40 percent excise tax on high-cost employer-provided health insurance, which was envisioned as a key way to pay for the 2010 health care law. The tax, which Congress twice delayed from taking effect, is set to go into effect in 2022.