Middle Class Health Benefits Tax Repeal Actby Senator Dean Heller
Posted on 2015-12-09
HELLER. Mr. President, together we rise to share our concerns
about the devastating impact of the Cadillac tax enacted as part of
ObamaCare. As the Presiding Officer knows, I know, and those around the
country know, the Cadillac tax is a 40-percent excise tax set to take
effect in 2018 on employer-sponsored health insurance plans.
My colleagues from across the country have heard the same concerns that I have. As both my friend from New Mexico and I have heard, this 40-percent tax will increase costs, significantly reduce benefits, or result in employers getting rid of their employer-sponsored health care coverage all together.
This is precisely why Senator Heinrich and I have offered the Middle Class Health Benefits Tax Repeal Act of 2015, the only bipartisan piece of legislation that would fully repeal this onerous tax. Our bill has 22 bipartisan cosponsors. We all agree that this tax should be fully repealed because we know it will have a negative effect on hard- working, tax-paying Americans. This was clearly demonstrated last week when the Senate overwhelmingly supported and adopt our amendment to fully repeal the Cadillac tax by a vote of 90 to 10.
Organized labor, the chamber of commerce, local and State governments, small businesses, seniors, and, together, 90 percent of the Senate--we put forth a solution to fix a problem affecting many Americans and their families. It is very rare these days to see this much agreement in Washington. Members on both sides of the aisle-- Senator Heinrich and I--came together, listened to what our constituents had to say, and sent a mandate to the President to repeal this tax. Today we will discuss why fully repealing the 40-percent excise tax is so important for middle-class families. Whether it is through our legislation, which is S. 2045, the Middle Class Health Benefits Tax Repeal Act of 2015, or through other must-pass legislation, we hope to address this by the end of the year. Senator Heinrich and I will do everything we can within our power to repeal this tax.
I thank the Senator from New Mexico for his leadership in making real progress in fully repealing the Cadillac tax a reality, as we are here to speak about today. With our vote last week, the Senate sent a clear message that we can, and we should, fully repeal this tax. It takes both sides of the aisle listening to the American people.
With that, I ask Senator Heinrich what he has heard from his constituents that makes full repeal of the Cadillac tax so important.