President Donald Trump's historic tax reform legislation repealed, among other things, Obamacare's individual mandate tax penalty. Effective in 2019, the IRS will no longer penalize Americans for not purchasing a federally approved health insurance plan.
Unfortunately, Congress failed to repeal the even more economically disruptive employer mandate that forces businesses to pay tax penalties for not offering their employees Obamacare's required level of health benefits.
The Obamacare mandate requires employers with 50 or more full-time employees to provide proof of insurance coverage to the IRS. Businesses face the risk of tax penalties if they do not provide government-stipulated “minimum essential coverage” to employees who work at least 30 hours a week.
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