July 17, 2019 In The News, Media

Norcross-Led Repeal of the ‘Cadillac Tax’ Passes House of Representatives, Poised to Lower Healthcare Costs for Americans

InsiderNJ
July 17, 2019

Today, the Middle-Class Health Benefits Tax Repeal Act, led by U.S. Congressman Donald Norcross (NJ-01), passed the U.S. House of Representatives. The legislation, which passed with bipartisan support, repeals a 40% excise tax – commonly known as the “Cadillac Tax” – on certain employer-sponsored health insurance plans.

“Americans have been rightfully demanding lower healthcare costs and today the House responded to their call,” said Congressman Norcross, a former IBEW and SJ AFL-CIO leader who spent years negotiating workers’ benefit packages. “Congress has been continually delaying this policy instead of enacting an outright repeal, which means workers and negotiators have been unable to properly plan or bargain during three-to-five year wage and benefit negotiations. By repealing this tax, we’re giving workers the certainty they need to plan their benefit packages, and working families are safeguarded from an undue increase to their healthcare costs.”

Norcross was an original lead sponsor of the repeal, which was introduced by Congressman Joe Courtney (CT-02).

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