Bill repeals ACA taxes

After much debate and anxiety over proposed taxes and the Affordable Care Act, three ACA taxes were repealed under a recent government spending bill passed early this year, putting an end to some excise taxes, though reinstating others. The “Cadillac Tax” is out. A 40 percent excise tax on high-cost employer-provided health care plans, the tax was originally proposed to take effect in 2018. However, legislation had been twice delayed and was again set to go into effect in 2022. … Continue reading Bill repeals ACA taxes