Secretary Clinton Announces Support for Repeal of Cadillac Tax
Time for President to End Defense of Poorly Conceived Policy
WASHINGTON, Sept. 29, 2015 /PRNewswire-USNewswire/ -- Terry O'Sullivan, General President of LIUNA – the Laborers' International Union of North America – made the following statement today on Secretary Clinton's support for the repeal of the "Cadillac" tax:
LIUNA members and their families thank Secretary Clinton for opposing this unfair tax that harms middle class workers who have fought and bled for good wages and benefits, only to see them put at risk by a short-sighted proposal in the Affordable Care Act. The 40% health benefits tax, also known as the "Cadillac" tax, on higher premium health plans, is a regressive tax that will drive down coverage, increase costs, and effectively shut down some of the multiemployer health and welfare plans that LIUNA members, retirees, and their families have come to rely on.
We're encouraged that all of the Democratic candidates for President and a growing bipartisan movement in Congress are working to repeal the tax before its implementation in 2018. We encourage Congress to repeal this unfair and unjustified tax and call on the President to end his defense of this poorly conceived policy.
The half-million members of LIUNA – the Laborers' International Union of North America – are on the forefront of the construction industry, a powerhouse of workers who are proud to build America.
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SOURCE Laborers' International Union of North America
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