News Headlines Article

Why everyone wants to kill Obamacare’s Cadillac tax

Companies want to kill it. Unions hate it. Republicans want to eliminate it. Some Democrats agree.

We’re talking about the much-reviled Obamacare Cadillac tax, which is set to levy a hefty 40% excise tax on employer health plans that are considered generous.

The tax suffered its first body blow this week, with lawmakers on both sides of the aisle agreeing to delay its implementation until 2020, instead of 2018, as part of Wednesday’s budget deal.  President Obama has even said he’ll sign it, which would make it the first significant change to Obamacare that Congress would get past his desk.