The much ballyhooed Cadillac Tax has been delayed until 2020. The Cadillac Tax is a planned 40% tax on ultra-luxurious employer benefits.
There is plenty of opposition from a number of sources, so the plan could be further delayed or shelved entirely.
At present, the Cadillac Tax has been fundamentally weakened, allowing for employers who hit the threshhold for penalty to write off the cost as a business expense.
Further, critics of the Tax have found success arguing that the penalty would be hurtful to people nearing retirement and for women.
Read full article at McDermott, Will, & Emery.
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