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Dr. Bucshon Votes to Repeal Obamacare Tax on Employer-Sponsored Health Insurance

(Washington, D.C.) –
Congressman Larry Bucshon, M.D. (IN-08) released the following statement after voting in support of the Middle Class Health Benefits Tax Repeal Act (H.R. 748), which permanently repeals Obamacare’s “Cadillac tax” that would impose a 40 percent excise tax on certain employer-sponsored health insurance:

“I am pleased the House has come together in a bipartisan manner to permanently repeal the burdensome Obamacare Cadillac tax. This tax would fall on certain employer-sponsored health care coverage and unfairly punished Hoosiers and Americans. According to the Tax Policy Center, if the Cadillac tax is not repealed, the effect will be lower wages and higher income and payroll taxes. While the Cadillac tax is currently not in effect, it looms large over the health benefits of Americans. It is imperative for the growth of the economy and the well-being of all Hoosiers, that we repeal this Obamacare tax once and for all.”