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10 things employers want from a Trump administration
With Donald Trump officially in office as the 45th president, many employers are expressing cautious optimism for potential changes during his presidency — including killing the ACA’s burdensome Cadillac tax, focusing on ever-rising healthcare costs and expanding access to health savings accounts. And that’s just the beginning. Employee Benefit News spoke with experts and business insiders about what employers would like to see the Trump administration act on in the coming years.
Kill the Cadillac tax.
Virtually all employers are calling for the repeal of the ACA’s Cadillac tax. “Protecting the employer-sponsored health insurance that benefits 178 million Americans starts with repealing burdensome reporting mandates and unnecessary taxes — especially the Affordable Care Act’s destructive 40% Cadillac tax on health benefits,” says Annette Guarisco Fildes, president and chief executive of the ERISA Industry Committee. “That’s why [we are] working with the new Congress to repeal this tax. We look forward to partnering with the Trump administration to stop the damage the Cadillac tax is already doing to working families’ health insurance, to prevent any new taxes on workers’ hard-earned benefits, and to replace the ACA with market-driven reforms that can get healthcare costs under control.”