Employers Call for a Two-Year Delay of the 40 Percent Tax on Health Benefits
Today, the National Coalition on Benefits, comprised exclusively of businesses and employer associations, sent a letter to Speaker Ryan and Majority Leader McConnell urging them to include a two-year delay of the 40 percent tax on health benefits in year-end legislation.
In the letter, the Coalition argues:
- The broad application of [the 40 percent] tax means that, over time, the employer-sponsored health benefit plans of all U.S. employers will be subject to the tax.
- [The tax] will distort the employer-sponsored health care marketplace and lead to dramatic reductions in the level and richness of benefits offered to employees.
- Businesses – large and small, with unionized and non-unionized workforces – care deeply about this issue. This is not simply a union issue. It is about employers and workers.
Read the full letter here.
Support a two-year delay of the 40 percent tax. Give Congress and the Administration time to protect health benefits.