Employers Call for a Two-Year Delay of the 40 Percent Tax on Health Benefits
Washington – The National Coalition on Benefits, comprised exclusively of businesses and employer associations, sent a letter today to House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell urging them to include a two-year delay of the 40 percent tax on health benefits in year-end legislation.
“Employers, both large and small, with unionized and non-unionized workforces, are united in our concern that the 40 percent tax will distort the employer-sponsored health care marketplace and lead to dramatic reductions in the level and richness of benefits offered to employees,” said Andrew M. Mekelburg, Co-Chair of the National Coalition on Benefits. “We urge members of Congress to support a two-year delay of the 40 percent tax in order to give Congress and the Administration time to protect health benefits.”
More than 150 million Americans rely on employer-sponsored health care benefits. The broad application of the 40 percent tax will mean that, over time, the health plans offered by all U.S. employers will be subject to the tax. Delaying the implementation of the tax is about employers and workers – it is not simply a union issue.
Read the full text of the letter here.
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