Political Quotes

“I reserve the balance of my time. Ms. DelBENE. Madam Speaker, I include in the Record letters of support for H.R. 748. The ERISA Industry Committee, Washington, DC, July 15, 2019. Dear Member of Congress: This week, the House is expected to vote on H.R. 748, the ``Middle Class Health Benefits Tax Repeal Act of 2019.'' The ERISA Industry Committee (ERIC) is the only national trade association that advocates exclusively for large employer plan sponsors on health, retirement, and compensation public policies on the federal, state, and local levels. ERIC member companies employ workers in every state and community and provide health coverage that is valued and relied upon by families across the country. ERIC urges members of Congress to vote YES and support this legislation. H.R. 748, supported by more than 360 cosponsors in the House, would eliminate the impending 40% ``Cadillac'' excise tax on high-cost employer-sponsored health insurance. The tax does not target overly-generous benefits; instead, it attacks plans based upon their costs. As such, plans that insure more individuals with chronic conditions, more seniors, more women, and populations more likely to incur health care costs will be unfairly taxed at an unsustainable rate--as will those based parts of the country where health care is more expensive. If Congress fails to repeal the Cadillac tax, employers may have to: Directly shift costs to employees.…”