House Vote Nears to Suspend ACA Employer Fine, Delay Tax
Analysts estimate the fine would add $39.5 billion to the budget deficit through 2028
Members of the House may be getting closer to voting on a H.R. 4616, bill that could both suspend collection of Affordable Care Act (ACA) employer mandate penalties and further delay the start date of the ACA "Cadillac plan" tax.
Analysts at the Congressional Budget Office (CBO) and the congressional Joint Committee on Taxation have now posted an estimate of the impact of the Employer Relief Act (ERA) of 2018 bill.
The analysts estimate the bill could cut enough revenue and lead to enough extra spending to increase the size of the federal budget deficit by $39.5 billion over the period from 2019 through 2028.
Please select this link to read the complete article from ThinkAdvisor.