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Taxes
“Cadillac Tax” And Health Insurance Industry Fee Delayed In Spending Bill
February 12, 2018
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President Trump signed into a law short-term spending bill to reopen and fund the federal government through February 8, 2018. Attached to the bill are delays or suspensions of three taxes under the Affordable Care Act (ACA) and a six-year extension of the Children’s Health Insurance Program (CHIP).
‘Cadillac Tax’ Delayed For Two Years
January 18, 2016
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On December 18, 2015, Congress passed a two-year delay on the 40 percent excise tax on high-cost employer-sponsored health plans, also known as the “Cadillac Tax.” This delay was part of a year-end tax extender and government funding package, the Consolidated Appropriations Act, 2016, known as the “Omnibus.”