On the recordOctober 8, 2015
I rise today to share my concerns with the devastating impact of the Cadillac tax, enacted as part of the Affordable Care Act. The Cadillac tax is a 40-percent excise tax set to take effect in 2018 on employer-sponsored health care plans around the country. This is precisely why I have authored the only bipartisan piece of legislation that would fully repeal this onerous tax. The reason I did so is that in Nevada, 1.3 million workers who have employer-sponsored health insurance plans will be hit by this Cadillac tax. These are public employees in Carson City. They are service industry workers on the Strip in Las Vegas, small business owners, and retirees all across the State. Hardly anyone in Nevada will be shielded from the devastating effects of this Cadillac tax. What I am most proud of on this piece of legislation is the fact that we have 14 other cosponsors here in the Senate. It is also sponsored and supported by 75 other organizations across the country. Some of those organizations include unions, chambers of commerce, small business owners, State and local government employees, and retirees, and they are all saying the same thing: The Cadillac tax needs to be fully repealed or our employees will experience massive changes to their health care. We are talking about reduced benefits. We are talking about increased premiums. We are talking about higher deductibles.…





