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Approaching health law tax is not just a levy on luxury
The Charlotte Observer

The last major piece of President Barack Obama’s health care law could raise costs for thrifty consumers as well as large corporations and union members when it takes effect in 2018.

The so-called Cadillac tax was meant to discourage extravagant coverage. Critics say it’s a tax on essentials, not luxuries. It’s getting attention now because employers plan ahead for major costs like health care.

With time, an increasing number of companies will be exposed to the tax, according to a recent study.

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