News Headlines Article

Tweak to ‘Cadillac Tax’ Hated by Business Wins Obama No Friends

President Barack Obama is having a tough time winning friends for his Cadillac tax. His plan to dial back the unpopular Obamacare tax on high-cost health plans, to be detailed in the fiscal 2017 budget he’ll release Feb. 9, has won him no applause from employers, labor unions or health insurers. The tax still must be repealed, they say, not merely modified.