[Congressional Record Volume 161, Number 32 (Wednesday, February 25, 2015)]
[House]
[Page H1126]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                              CADILLAC TAX

  (Mr. GUINTA asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. GUINTA. Mr. Speaker, I rise today on behalf of the estimated 12 
million Americans in the middle class who are paying more than $1,000 
extra per year because of the excise tax on health care plans included 
in the ObamaCare legislation called the Cadillac tax. This legislation 
is set to take effect in 2018; however, employers, labor unions, and 
municipalities all back home are already preparing for this devastating 
tax.
  In order to comply with this 40 percent penalty on health care plans, 
Mr. Speaker, employers and municipalities are looking at increasing 
deductibles, reducing benefits, and shifting costs to consumers as well 
as property taxpayers. In fact, in Manchester, our State's largest 
city, an anticipated cost of 5 to $6 million alone will impact the 
property taxpayers. This will undoubtedly result in an increase in our 
local property taxes, which, as every Granite Stater knows, are already 
sky high.
  Mr. Speaker, Americans simply can't afford this tax, which is why I 
introduced a repeal bill. I look forward to working with Republicans 
and Democrats to get this bill passed.

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