Partnership applauds House repeal of "Cadillac Tax" on healthcare plans

Fri, July 19, 2019 10:27 AM | Anonymous member (Administrator)


Partnership applauds House repeal of "Cadillac Tax" on healthcare plans

IRWINDALE - On Wednesday, the House of Representatives voted overwhelmingly 419-6 to repeal the "Cadillac Tax" provision of the Affordable Care Act which placed a tax on high-cost healthcare plans. This tax was designed to keep costs down by discouraging overly generous healthcare plans but a coalition of both labor unions and major employers opposed the tax - one of the few areas both parties found common ground on in healthcare policy.

Every San Gabriel Valley representative in the House voted for repeal.

"We are delighted to see our local lawmakers in Washington respond to the concerns of our businesses and residents and vote for repeal of the Cadillac Tax," said Partnership President & CEO Bill Manis. "Our thanks to Reps. Grace Napolitano, Norma Torres, Judy Chu, Adam Schiff, Linda Sanchez and Gil Cisneros for rescinding this tax."

The "Cadillac Tax" has actually never been enforced, having been long postponed as part of the implementation of the Affordable Care Act. The repeal legislation will now move to the Senate. The Partnership strongly encourages the Senate leadership to take up the repeal legislation in a timely manner.

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San Gabriel Valley Economic Partnership

4900 Rivergrade Road, Suite B130, Irwindale, CA 91706

Phone: (626) 856-3400    Fax: (626) 856-5115

Email: info@sgvpartnership.org

Office Hours: Monday–Thursday 9:00 a.m. to 5:30 p.m.,
Friday 9:00 a.m. to 1:00 p.m.

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