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H.R. 748, Middle Class Health Benefits Tax Repeal Act of 2019 (CBO Report for Congress)

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Congress 116th
Date Requested July 15, 2019
Date Sent July 17, 2019
Description:
The bill would Eliminate an excise tax, enacted in 2010 and scheduled to start in 2022, on employment-based health insurance with premiums that exceed certain statutory thresholds Estimated budgetary effects would primarily stem from Foregone high-premium excise tax receipts Lower revenues from decreases in taxable compensation resulting from some employers and employees no longer shifting to lower-cost plans to avoid paying the tax Areas of significant uncertainty include Predicting the extent to which the repeal of the excise tax would increase enrollment in higher-cost insurance plans

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