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House Co-Sponsorship Memoranda
House of Representatives
Session of 2015 - 2016
Regular Session
MEMORANDUM
| Posted: | October 21, 2015 09:08 AM |
|---|---|
| From: | Representative Chris Sainato and Rep. Nick Kotik |
| To: | All House members |
| Subject: | Co-Sponsorship Resolution: Urging Congress to Repeal the "Cadillac Tax" Provision of the Affordable Health Care Act |
| In the near future, we will introduce a resolution urging Congress to repeal the “Cadillac tax” provision of the Affordable Care Act (ACA). The so-called “Cadillac tax” is a 40 percent excise tax on employee-sponsored health care plans with annual premiums exceeding $10,200 for individuals and $27,500 for families. While this tax was intended to reduce health care costs, we believe it will instead hurt middle class Americans, forcing their employers to reduce their health care benefits. The tax will also result in additional costs for those with serious health problems, who choose “high-end” health care plans to ensure their care is properly covered. As policy makers, we should not deter employers from offering high-quality health care coverage. In fact, we should guarantee that this type of health care coverage is available for all Americans, especially those with serious health problems. Therefore, our resolution urges Congress to repeal the Cadillac tax, not only to protect hard working Americans from this devastating tax increase, but also to ensure that everyone has access to quality health care at an affordable rate. |
Introduced as HR592