'Cadillac Tax' Repeal Bill Tops 300 House Cosponsors

Legislation that would fully repeal the controversial 40-percent excise tax on high-cost insurance plans, often referred to as the “Cadillac tax,” has garnered more than 300 supporters in the House, the coalition of stakeholders opposed to the policy announced last week. The Alliance to Fight the 40 is made up of wide-ranging interests, including businesses, issuers and unions. “The growing number of cosponsors reflects the work of the Alliance members in their efforts to reach out to Congress to highlight...