Whack Whack Cadillac

Kicking the can down the road is very bipartisan. Especially when the can is going to be used to fill full of our tax dollars. This has become a key feature of Obamacare. Nothing has been kicked further than the Excise Tax on employer sponsored plans – commonly referred to as the Cadillac Tax.The Caddy Tax imposes a 40% tax on employer plan premiums that exceed a certain threshold. Originally, this tax was to be implemented beginning in 2013. According to that CBO score the government would have generated $149 billion dollars between 2013-2019. In fact, under the original score $85 billion would already have been generated under the law.However, with unions and other business lobbyists turning up the pressure, Democrats in the House pushed a reconciliation bill that included an amendment to the Caddy Tax pushing the start date to 2018. (Note: it also increased the threshold substantially) Because of the shoddy way this bill was passed then addressed through a one party…

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