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Congress postpone the “Cadillac tax” on expensive healthcare plans

paul ryan

Speaker Paul Ryan told colleagues that a major tax package agreed to by leaders in both chambers will postpone the “Cadillac tax” on expensive healthcare plans and place a two-year moratorium on the medical device tax, two critical sources of revenue for ObamaCare.

By Scott Wong,Mike Lillis and Alexander Bolton – 12/15/15 09:55 PM EST

Speaker Paul Ryan (R-Wis.) announced to the House Republican Conference on Tuesday night that leaders have reached a sweeping year-end deal on taxes and funding the government after days of intense negotiations.

The full text of the 2009-page omnibus bill was posted online early Wednesday morning at about 1:30 a.m.

The delayed posting of the omnibus text means that in order to adhere to the so-called “three-day rule,” House GOP leaders will have to wait until Friday to hold a vote on the legislation.

Lawmakers had exited a Tuesday night House GOP conference meeting with the expectation of voting Thursday on the spending package. But Ryan is unlikely to want to waive the self-imposed rule less than two months into his speakership on such a massive bill, meaning the vote will likely slip to Friday.

In the meantime, the House and Senate are expected to easily clear another stopgap measure to keep the government funded through Dec. 22. Current funding expires Wednesday night.

Ryan unveiled the details of the agreement while the political world was fixated on the fifth GOP presidential debate in Las Vegas.

He told colleagues that the spending bill will postpone the “Cadillac tax” on expensive healthcare plans and the tax package will place a two-year moratorium on the medical device tax, two critical sources of revenue for ObamaCare.

https://thehill.com/homenews/senate/263374-leaders-clinch-deal-to-push-back-obamacare-taxes

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