Nancy Pelosi once said we had to pass Obamacare to find out what was in it. Well, now we know, and now it is reported that she and Harry Reid are trying, quietly, to get the so-called “Cadillac” tax repealed before it even takes effect in 2018.
And what is driving Reid and Pelosi’s effort to get rid of this tax? Why, the unions.
Powerful labor groups such as the AFL-CIO and the American Federation of Teachers vehemently opposed the Cadillac tax from the start. They say repeal needs to happen soon, before employers begin trimming back healthcare benefits.
The unions realized that they were going to get hit hard by a levy on high-end insurance plans, the same kind of plans that are routinely part of union compensation packages and get haggled over during negotiations. However, this tax is a huge part of the Obamacare payment plan.
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