38+ What Is The Cadillac Tax In Obamacare
Gif. But we cannot continue to be the little dutch boy with our finger in the dam. When congress passed obamacare in 2010, it also approved more than a dozen tax increases, some of which were not scheduled to take effect for years.
Among the top five provisions that make employers squeamish is the cadillac tax on high cost health insurance plans. The cadillac tax was designed to raise revenue for the aca and it will. News coronavirus politics 2020 elections entertainment life personal video.
News coronavirus politics 2020 elections entertainment life personal video.
Obamacare's excise tax on pricey health plans will hit both employers and workers with some steep costs, a new analysis shows. Beginning in 2018, an excise tax of beyond raising $80 billion in revenue to offset a fraction of the cost of obamacare, the tax seeks to contain health costs and reduce health spending. All that matters is the total. This is the nation's largest tax expenditure, expected to cost $760.4 billion over the next five years, according to congress's joint committee on taxation.
