“Too many Americans are struggling to meet the cost of rising deductibles and drug prices. That's why, among other steps, I encourage Congress to repeal the so-called Cadillac tax, which applies to some employer-based health plans, and to fully pay for the cost of repeal,” Clinton said in a statement released Tuesday by her nosediving campaign.
Clinton's call to scrap the law puts her on the same page as Democratic presidential rival and US Sen. Bernie Sanders (I-Vermont). Sanders — who caucuses with Democrats in the Senate — and eight Democratic senators introduced legislation to repeal the tax, a 40% excise tax on employer plans whose premiums exceed $10,200 for individuals and $27,500 for families.
Source: Yahoo News
Democrats often argue the generally disliked tax across the political spectrum. It is highly unpopular with many unions whose support Clinton's campaign is failing to court. Yes, it is more in reality a tax on most employer-sponsored health plans.
Hillary tanks it again.
“Some have said that this tax only falls on ‘Cadillac' healthcare plans, but the reality is that the plans this bill will tax are more like Chevrolets,” Sanders said in a statement last week. “Workers have fought hard to negotiate decent healthcare benefits, often in exchange for lower pay. This excise tax unfairly punishes them.”
For Clinton, the break stands to be part of a series of proposals in which she advocates for building on the law, colloquially known as Obamacare. Last week, for example, she introduced a plan to combat the rising cost of prescription drugs.
Larry Levitt, senior vice president for special initiatives at the Kaiser Family Foundation, said Clinton's planned schism with the healthcare law would be “big.” But he and other experts on the law suggested candidates would have to offer plans on how to make up a large chunk of expected revenue the tax would bring the government.
The Committee for a Responsible Federal Budget says the tax is expected to bring in $87 billion in revenue by 2025.
So, it is not about health care, it is only about taxes.