Rep. Stauber: House Overwhelmingly Votes to Repeal Key Obamacare Provision That Would Devastate Middle Class Families
Targeted News Service (Press Releases)
WASHINGTON, July 8 -- Rep. Pete Stauber, R-Minnesota, issued the following news release:
This week, the House of Representatives with Congressman Pete Stauber's (MN-08) support, overwhelmingly voted to repeal a major provision of Obamacare. H.R. 748, the Middle Class Health Benefits Tax Repeal Act would repeal the Cadillac Tax, a 40 percent penalty on high-value employer sponsored health insurance plans. The legislation passed with a vote of 419-6.
Of the legislation's passage, Stauber said, "Minnesotans need access to affordable and quality healthcare. Unfortunately, in recent years, healthcare has steadily become less affordable and should the Cadillac Tax take effect, this crisis will only worsen.
By implementing a 40 percent tax on certain employer sponsored health insurance plans, the Cadillac Tax would punish middle class families, many of whom already have a hard time making ends meet. When I came to Congress, I promised to address the rising cost of healthcare, so I am proud to help permanently repeal this unfair tax."
The Cadillac Tax was designed to help pay for Obamacare. It would impact health insurance plans that cost more than $11,100 for an individual, and $29,750 for a family.
Implementation of the Cadillac Tax has been delayed numerous times, most recently to 2022.
House Science Subcommittees Issues Testimony From Union of Concerned Scientists
Rubio, Menendez, Colleagues Champion Bipartisan Comprehensive Flood Insurance Reform Bill
Advisor News
- Flourish brings private-bank-like cash solution to MassMutual’s network
- Majority of Americans concerned recent market highs are unsustainable
- GLP-1 users choose between medication and retirement saving
- Gen X and millennials seek new retirement model
- Are families ready for the costs of aging at home?
More Advisor NewsAnnuity News
- New class-action lawsuit targets Delaware Life over annuity disclosures
- A client remarried: Does their annuity still fit?
- Gen X and millennials seek new retirement model
- Global Atlantic names Dan Farrelly head of IMO and IBD channels
- A rising retirement challenge: The license to spend
More Annuity NewsHealth/Employee Benefits News
Life Insurance News