US REP. FRANK GUINTA, BICAMERAL, BIPARTISAN COLLEAGUES ADVOCATE CADILLAC TAX REPEAL TO PRESIDENT

HOUSE, SENATE COALITION REQUESTS WHITE HOUSE MEETING, TERMS REPEAL “MUST-PASS”

 

 

 

WASHINGTON, D.C. – Congressman Frank Guinta (NH01) joined bipartisan Senate and House members today to send a letter to President Barrack Obama with the aim of repealing Obamacare’s excise tax – the so-called “Cadillac Tax” – on employer-sponsored health care benefits. The coalition requests a meeting with the President“as soon as possible” to repeal the tax by the end of the year.

 

      The 40-percent tax on high-deductible insurance plans, whose values exceed $10,200 for individuals or $27,000 for families, could affect millions of Americans, who could pay an average tax increase of more than $1,00 per year, in addition to higher premiums, as employers pass on expenses to their employees.“The cost of this excise tax, Obamacare’s main revenue source, will only go up, as health care costs rise,”said Rep. Guinta, a member of the House Financial Services Committee.

 

    The Congressman explained,“The excise tax’s burden on middle-class families with children, its effect on both the private and public sectors – everyone from labor unions to corporate workers – is the main reason the Administration delayed its implementation until 2018. It would have been economically disastrous then and would be as harmful today as tomorrow.”

 

   “New Hampshire employers, including municipalities in the First District, are already planning for cost hikes and may be forced to terminate benefits or even employees,” said Rep. Guinta.“People across a range of experience and income levels have come to me asking for repeal of this tax, one of many Obamacare provisions hurting Granite State jobs and industry.”

 

     This year, Rep. Guinta was the first member of Congress to introduce a standalone repeal of Obamacare’s excise tax on employer health care benefits. His “Ax the Tax” legislation has attracted over 100 Republican members, leading the Obamacare reform effort.“Democrats are hearing from their constituents, too, equally concerned about taxes and regulations putting downward pressure on family finances.”

 

    “I am happy to join bipartisan, bicameral colleagues to bring relief to millions across the country struggling to pay bills – or to understand why their health benefits have become a target.” U.S. Senators Dean Heller (R-NV), Sherrod Brown (D-OH) and Martin Heinrich (D-NM), as well as Representatives Joe Courtney (D-CT) and Guinta, signed today’s letter to the President, who has ruled out changes to his signature health care reform.

 

    “We ask that you commit to working with us and the bipartisan and bicameral coalition we represent to address the importance of repealing this tax and reducing the burden on working Americans,” write the members of Congress to the President.  Their signed letter is attached.

 

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