Tax Policy Center

Affordable Care Act

Individual Taxes: TaxVox
It’s open season again for the Affordable Care Act (ACA) , when Americans can sign up for health care, often with the help of large subsidies from the federal government. Millions of people will enroll but millions more won’t and many will have to pay much larger penalties on their 2016 tax returns
December 2, 2015Roberton C. Williams
Individual Taxes: TaxVox
In the face of widespread criticism of the Affordable Care Act’s excise tax on high-cost employer sponsored health insurance plans ( the Cadillac Tax ), some lawmakers have backed an alternative: a cap on the current tax exclusion for employer contributions to health insurance. To learn how the two
October 22, 2015Howard Gleckman
Federal Budget and Economy: TaxVox
Economists love the Affordable Care Act’s Cadillac tax, the excise tax on high-cost employer sponsored health insurance plans. Well, maybe not love. But they do like it a lot . In contrast, unions, Republicans, and even Hillary Clinton want to dump the tax . Why? Pretty much for the same reason
October 8, 2015Howard Gleckman
: TaxVox
About that possible government shutdown… The Senate passed a continuing resolution to fund the government through December 11. Senate Majority Leader Mitch McConnell and outgoing Speaker of the House John Boehner will meet with President Obama “soon” for budget negotiations , and the House is on
September 30, 2015Renu Zaretsky
Individual Taxes: TaxVox
GOP presidential hopeful Scott Walker’s plan to replace the Affordable Care Act is built on a controversial framework of tax subsidies that Walker estimates would cost about $1 trillion over 10 years. The plan is already drawing heat from fellow GOP candidate Bobby Jindal, who called it “a new
August 20, 2015Howard Gleckman
: TaxVox
The Senate’s six-year highway bill inches forward, after dropping a Social Security provision. Majority Leader Mitch McConnell won 14 Democrats’ votes for the bill after he agreed to drop a $2.3 billion offset. The money would have come from barring people with felony warrants from getting Social
July 24, 2015Renu Zaretsky
Federal Budget and Economy: TaxVox
Republicans and some Democrats in Congress are pressing to repeal the Affordable Care Act’s Cadillac tax—a 40 percent excise tax on high-cost employer-sponsored health insurance plans. Backers of repeal argue that curbs on these generous plans would disproportionately hurt low- and middle-income
July 23, 2015Howard Gleckman
: TaxVox
Can the Senate pass a highway bill? Last night, the Senate finally voted to begin debate on its version of a transportation bill. But it is in for a tough slog thanks in part to two GOP presidential hopefuls. Ted Cruz has threatened to tie the Iran deal to the measure. The Texan wants an amendment
July 23, 2015Renu Zaretsky
: TaxVox
Treasury shares tax filing data on the Affordable Care Act. It released data Friday that show 81 percent of tax filers “checked the box” to indicate that they had health insurance coverage. Nine percent claimed a health care coverage exemption, and 6 percent paid the fee for remaining uninsured
July 20, 2015Renu Zaretsky
: TaxVox
An outline of a safe plan: No sharp edges. Democratic presidential candidate Hillary Clinton shared her tax agenda yesterday, but as Howard Gleckman notes, most of her proposals are familiar , including a Buffett tax on very-high income households and small business tax relief. She did not endorse
July 14, 2015Renu Zaretsky