House Democratic sponsorship of a bill repealing the “Cadillac” tax — the levy on high-cost insurance plans enacted in the Affordable Care Act (ACA) — is discrediting the party's claim of being above craven and irresponsible tax-cutting.
At enactment in 2010, the tax was supposed to go into effect in 2018, but it has been delayed twice by Congress and is now scheduled to take in 2022 — a full eight years after implementation of the ACA's major benefit expansions. The tax requires employers sponsoring high-premium insurance plans to pay an additional 40 percent penalty on costs above specified dollar thresholds. Separate limits apply to individual and family coverage.
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