Finance Chiefs Relieved After Repeal of Cadillac Tax

Finance chiefs, who have spent the past decade brainstorming how to avoid the brunt of the so-called Cadillac tax, can close their spreadsheets and exhale.

President Trump on Friday signed a nearly $1.4 trillion spending package to fund the government through the end of the fiscal year. The deal included the tax’s repeal as a policy provision.

The 40% levy on high-cost employer health insurance, which was delayed twice, was scheduled to go into effect in 2022. The tax, part of the 2010 Affordable Care Act, represented a decadelong burden for CFOs, who were simultaneously devising strategies to deal with rising health-care costs.

Article URL : https://www.wsj.com/articles/finance-chiefs-relieved-after-repeal-of-cadillac-tax-11577137387

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