The Cadillac tax is a 40 percent excise tax on excessive employer-sponsored coverage — anything over $11,200 for individuals or $30,150 for families. The unpopular tax was repealed by the House in July. If the Senate does not also repeal it, the tax will go into effect in 2022.
Senators are reportedly discussing a repeal of the tax in funding negotiations, according to The Hill. The Senate must pass the appropriations bills by Dec. 20 or pass a stopgap measure.
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