In Case You Missed It: Business Roundtable, NAM and U.S. Chamber of Commerce Call on Congress to Repeal the 40 Percent Tax on Health Benefits
In a letter to the editor published in the New York Times, John Engler, President of Business Roundtable, Jay Timmons, President and CEO of the National Association of Manufacturers (NAM), and Thomas J. Donohue, President and CEO of the U.S. Chamber of Commerce, call on Congress and the Administration to repeal the 40 percent tax on health benefits.
“As many as 25 percent of all employer-sponsored plans — including government employee plans — will likely be subject to this tax in its first year (2018), and that number will quickly rise.“Employers both large and small are united by the concern that the 40 percent tax … will make it increasingly difficult to offer a plan that would not be subject to this punitive tax.”
Read the full letter to the editor here.